Group 1 - The core viewpoint of the article highlights the recent research conducted by Guanghengsheng Fund on a listed company, Rongda Ganguang, focusing on the PCB photoresist market and the company's development status [1] - Rongda Ganguang holds a 50% market share in the domestic wet film photoresist market and 25% in the photoresist solder mask market, with dry film photoresist just entering the market [1] - The company plans to strengthen its position in the PCB photoresist market while expanding into photoresists for displays/semiconductors, specialty inks, and photovoltaic photoresists [1] Group 2 - The company's product gross margin is currently at a favorable stage, driven by R&D investment, deepening existing markets, and exploring new markets [1] - PCB photoresist (liquid) accounts for 86.12% of total sales, while photosensitive dry film photoresist accounts for 7.8%, and flat panel display/semiconductor photoresist accounts for 3.51% [1] - The company aims to focus on expanding its product offerings in PCB photosensitive dry film photoresist, flat panel display photoresist, semiconductor photoresist, and photovoltaic photoresist [1] Group 3 - The Chinese PCB market is expected to continue growing from 2025 to 2030, with a compound annual growth rate of 6.5%, providing opportunities for the company [1] - The demand for PCB photoresist is steadily increasing, and technology improvements are expected to optimize production parameters, enhance production efficiency, and improve product quality [1]
【私募调研记录】广恒盛基金调研容大感光