证券代码：300236 证券简称：上海新阳 上海新阳半导体材料股份有限公司投资者关系活动记录表 编号：2015-006 | --- | --- | --- | |-------------------------|------------------------------------------------|------------------------------------------------------------------| | | | | | 投资者关系活 | | ■特定对象调研 □分析师会议 | | 动类别 | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 □其他 中银基金范庭芳、跃马资本詹晋杰 | （请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | | | | 时间 | 2015 年 2 月 6 日 | | | 地点 | 上海新阳会议室 | | | 上市公司接待 | 董事会秘书杜冰、证券事务助理保莹 | | | 人员姓名 | 1 | 、请介绍一下公司化学材料和配套设备所占的业务比重情况？ | | | | 化学材料在营业收入 ...

证券代码：300236 证券简称：上海新阳 上海新阳半导体材料股份有限公司投资者关系活动记录表 编号：2015-003 | --- | --- | --- | |-------------------------|----------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活 | | ■特定对象调研 □分析师会议 | | 动类别 | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □现场参观 □其他 | （请文字说明其他活动内容） | | ...

证券代码：300236 证券简称：上海新阳 上海新阳半导体材料股份有限公司投资者关系活动记录表 编号：2015-002 | --- | --- | --- | |---------------------|------------------------------|---------------------------------------------------------------------------| | | | | | 投资者关系活 动类别 | | ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | □现场参观 □其他 | （请文字说明其他活动内容） | | 参与单位名称 | 中信证券王少勃，宝盈基金吴凡 | | | 及人员姓名 | | | | 时间 | 2015 年 1 月 16 日 | | | 地点 | 上海新阳会议室 | | | 上市公司接待 | | 董事会秘书杜冰、证券事务助理保莹 | | 人员姓名 | | | | | 1 行业的？ | 、半导体行业有较高的行业和市场壁垒，公司一开始是如何进入半导体 | | | | | | | ...

证券代码：300236 证券简称：上海新阳 国信证券蓝逸翔、刘翔，万家基金束金伟，民生证券王喆，民生加银基金 参与单位名称 朱振坤、宋磊 及人员姓名 上海新阳半导体材料股份有限公司投资者关系活动记录表 编号：2015-007 | --- | --- | --- | --- | --- | |--------------|---------------------------|-------|----------------------------|-------| | | | | | | | 投资者关系活 | ■特定对象调研 □分析师会议 | | | | | 动类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 □路演活动 | | | | | | □现场参观 □其他 | | （请文字说明其他活动内容） | | 时间 2015 年 2 月 13 日 | --- | --- | |--------------|------------------------------------------------------------------| | | | | 地点 | 上海新阳会议室 | | ...

Group 1: Company Performance and Market Position - The company's wafer chemical products have made progress, with increased procurement shares at SMIC (Shanghai) and successful sales at Wuxi Haili Semiconductor [1] - The gross margin of chemical products decreased due to new product promotion and increased operational costs [1] - R&D expenses have been high due to new product development and participation in national major projects from 2011 to 2013 [1][2] Group 2: Client Relationships and Market Expansion - The company has become a leading supplier in the electronic chemicals sector, with notable clients including ASE, Changjiang Electronics, and Tongfu Microelectronics [2] - The domestic market for IC packaging substrate additives is approximately RMB 1.2 billion, with competitors like Amtech and Rohm and Haas [2] - The company aims to deepen its semiconductor industry chain potential and expand core technology applications across various fields [3]

Group 1: Company Growth and Market Position - The company has a stable market position in traditional semiconductor packaging, while the wafer processing sector is experiencing rapid growth, expected to be the main growth driver in the next 1-2 years [1] - Advanced packaging technology reserves are promising, with potential for rapid growth in the next 3-5 years [1] - New projects in wafer slicing blades, IC substrate chemical materials, and semiconductor silicon wafers are being actively pursued, which could become long-term growth points if successful [2] Group 2: Market Development and Profit Growth - Shanghai Xinyang has become the primary supplier of copper interconnect plating solutions for SMIC, with sales already achieved for products at Wuxi Hynix and Shanghai Huahong [2] - The company anticipates over 100% growth in front-end wafer processing chemicals in the next two years [2] - The decline in net profit in the first half of 2015 was attributed to increased investment costs and the impact of new projects not yet fully operational [2] Group 3: Semiconductor Silicon Wafer Market Outlook - The 300mm silicon wafer market is dominated by major manufacturers, with a market share of 70%, while 200mm products are declining [2] - The demand for 300mm silicon wafers is projected to exceed 600,000 pieces by 2017 and surpass 1 million pieces by 2020, indicating a strong market outlook [3] - The average growth rate of the integrated circuit industry is expected to be 20% by 2020, with a target industry scale of 1 trillion yuan [2] Group 4: Technology and Production Plans - The large silicon wafer project is backed by a team of experts from Taiwan, South Korea, Japan, and the USA, ensuring the successful implementation of 300mm silicon wafer manufacturing technology in China [3] - The first phase of the large silicon wafer project has a total investment of 1.8 billion yuan, with a construction period of 2 years and a target capacity of 150,000 pieces per month by 2017 [3] - TSV (Through-Silicon Via) technology is gaining attention for its ability to enhance chip interconnectivity and performance, with applications in microvia copper plating [3] Group 5: Investment and Market Expansion - The investment in Dongguan Jingyan Powder Technology Co., Ltd. focuses on high-purity alumina materials for sapphire crystal growth, with a market potential for 8-10 times growth due to the LED industry's rapid development [4] - The company’s investment strategy in the LED sector aims to expand market space and enhance performance growth, enriching its product portfolio in electronic chemical materials [4]

Group 1: Company Overview and Strategy - Shanghai Xinyang is a technology-driven company focused on semiconductor materials, specifically electronic chemicals and supporting equipment [1] - The company aims to consolidate its market position in the semiconductor sector while expanding product applications and exploring new markets [1] - Future development will focus on two main lines: deepening the semiconductor industry chain and expanding core technology applications across various fields [1] Group 2: Growth Points and Market Potential - The wafer processing sector is expected to be a major growth area in the next 1-2 years, with advanced packaging technology showing potential for rapid growth in the next 3-5 years [2] - New projects in wafer slicing blades, IC substrate chemicals, and semiconductor silicon chips are being actively pursued, which could become long-term growth points if successful [2] - The domestic demand for 300mm silicon wafers is projected to exceed 600,000 pieces by 2017 and surpass 1 million pieces by 2020, indicating a robust market outlook [3] Group 3: Financial Performance and Challenges - The company's net profit for the first half of 2015 declined compared to the previous year due to increased investment scale, rising costs, and insufficient release of new production capacity [2] - The introduction of consumption tax on coating products has also negatively impacted the net profit of a subsidiary [2] - The company is focused on developing new markets and clients to regain rapid growth, while cautioning investors about potential risks [2] Group 4: Competitive Advantages and Supply Efficiency - The company has a supply cycle of about one week for domestic clients, which is significantly shorter than the 2-3 months typically required by foreign competitors due to shipping and customs processes [2] - Shorter supply cycles enhance production efficiency and help maintain stable impurity levels in ultra-pure chemical products, contributing to improved product yield for clients [2] Group 5: Future Mergers and Acquisitions - The company plans to leverage capital market opportunities for industry consolidation and business expansion, aiming to become the largest specialized supplier of electronic chemicals in China [3] - In addition to the semiconductor sector, the company is interested in functional chemical materials in PCB, LED, LCD, and photovoltaic fields [3]

Company Overview - Shanghai Xinyang Semiconductor Materials Co., Ltd. is a high-tech enterprise focused on R&D, production, and sales of electronic chemicals required in the semiconductor industry, providing integrated solutions including chemical materials, equipment, and on-site services [1]. TSMC Certification Progress - The company's electroplating solution is currently undergoing certification with TSMC, with progress reported as smooth. Successful certification will facilitate product entry into TSMC, especially with the upcoming demand from TSMC's Nanjing project [1]. Large Wafer Project Status - The large wafer project, led by a team from Dr. Zhang Rujing, has completed factory construction and is in the equipment procurement and installation phase. The first phase is designed for a capacity of 150,000 wafers per month, with sample production expected by the end of 2016 and full production in 2017 [2]. Competitive Advantages - The company has a supply efficiency advantage over foreign competitors, with a typical delivery cycle of one week for domestic clients, compared to 2-3 months for international shipments due to logistics [2]. - Core advantages include: - Extensive experience in semiconductor manufacturing and packaging, with proprietary technologies in electroplating and cleaning [2]. - Strong adaptability of core technologies to various applications beyond traditional packaging [2]. - Ability to replace imports, maintaining stable pricing and high gross margins [2]. - Comprehensive product system with strong service capabilities, enhancing market position [2]. Future Growth Drivers - Shanghai Xinyang has become the primary supplier of copper interconnect electroplating solutions for SMIC, with significant sales to other major semiconductor companies. The front-end wafer process chemicals are expected to be the main profit growth point, with anticipated growth rates exceeding 100% in the next two years [3]. Market Trends - The semiconductor industry is foundational, with an increasing breadth of applications and a higher proportion of economic contribution. Long-term growth in the semiconductor sector is expected to outpace overall economic growth [3].

Group 1: Company Overview and Strategy - Shanghai Xinyang is a technology-driven company focused on semiconductor electronic chemicals and related equipment [1] - The company aims to deepen its position in the semiconductor industry while expanding the application of its core technologies [1] - It actively seeks opportunities for mergers, acquisitions, and investment collaborations to accelerate growth [1] Group 2: Market Development and Product Supply - Shanghai Xinyang has become the primary supplier of copper interconnect plating solutions for SMIC [2] - The company has achieved sales of plating solutions to Wuxi Hynix and is supplying cleaning solutions to SMIC Shanghai [2] - The front-end wafer processing chemicals are expected to be the main profit growth point, with a projected growth rate of 100% over the next two years [2] Group 3: Product Comparison and Market Position - The semiconductor manufacturing sector requires higher purity and stability in products compared to the packaging sector, which has a wider variety of products [2] - The company currently has a production capacity of approximately 5,000 slicing blades per month, with monthly sales between 2,000 and 3,000 units [2] - The company enjoys localization and price advantages in its slicing blade products, although it faces challenges as a latecomer in the market [2] Group 4: Employee Stock Ownership and Financial Performance - The first phase of the employee stock ownership plan involved purchasing 2,229,173 shares, accounting for 1.2114% of the total share capital, at an average price of 26.91 yuan per share [3] - The company's performance declined in 2015 due to new products being in the early promotion stage and increased costs and taxes [3] - A recovery in performance is expected in 2016 as new product sales ramp up and the domestic semiconductor market grows [3] Group 5: Future Projects and Market Outlook - The 300mm semiconductor wafer project has officially started, with the first phase expected to be completed by the end of 2016 and production in 2017 [3] - The market for 300mm wafers is projected to grow significantly, with demand expected to exceed 600,000 wafers by 2017 and over 1 million by 2020 [2] - The company is interested in expanding into functional chemical materials in various electronic sectors, including PCB, LED, LCD, and photovoltaics [3]

Group 1: Company Overview - Shanghai Xinyang Semiconductor Materials Co., Ltd. is a technology-driven, innovative high-tech enterprise focused on semiconductor materials and related equipment manufacturing [1] - The company aims to develop products centered around IC manufacturing, advanced packaging, traditional packaging, IC substrates, large silicon wafers, and fluorocarbon coatings [1] - Plans to utilize capital market platforms for mergers and acquisitions to expand its development space and actively pursue international cooperation [1] Group 2: Performance and Growth - The semiconductor materials industry is expected to experience rapid growth due to national policies supporting the integrated circuit industry [2] - The company anticipates benefiting from market expansion efforts and project accumulation, with equipment and ultra-pure chemicals contributing positively to performance growth [2] - The company has a flexible production capacity with no significant bottlenecks, allowing for adjustments in production cycles [2] Group 3: Product Development and Certification - The slicing knife project has overcome technical challenges, achieving a good yield rate, with monthly sales of approximately 3,000 pieces [2] - The company’s copper interconnect plating solution has entered the central supply system of SMIC, accounting for over 80% of the procurement volume in their Beijing and Shanghai factories [2] - The company is recognized as a qualified supplier by TSMC, with ongoing certification for plating solutions at TSMC's Taiwan factory [3] Group 4: Future Prospects - The first phase of the silicon wafer project is expected to produce samples by the end of 2016, with mass production planned for 2017 at a designed capacity of 150,000 pieces per month [3] - The company has signed procurement intention agreements with SMIC, Wuhan Xinxin, and Huahong Microelectronics, indicating a positive sales outlook [3]