Fundraising Plan - The company plans to issue convertible bonds to raise a total of no more than RMB 750 million for various projects [1] - The total investment for the projects is estimated at RMB 878.1542 million, with the company covering any shortfall through self-raised funds if necessary [1] Market Background - The advanced ceramics market is experiencing significant growth, particularly driven by the semiconductor sector, which is expected to reach a sales total of USD 112.8 billion by 2024 [2][4] - The global advanced ceramics market was valued at RMB 381.8 billion in 2021, with structural ceramics accounting for RMB 106.7 billion, or 28% of the total [2] Domestic Market Opportunities - The domestic market for advanced ceramics has substantial potential for localization, especially in semiconductor equipment where the current domestic replacement rate is low [3][4] - China is projected to spend approximately USD 50 billion on semiconductor equipment in 2024, indicating a strong demand for domestic advanced ceramics [4] Project Overview - The company plans to expand its production capacity for structural functional modular ceramic components, specifically targeting the semiconductor equipment sector [5][6] - The project aligns with national policies aimed at enhancing the self-sufficiency of the semiconductor supply chain [5][6] Technological Advancements - The company has made significant technological advancements in high-purity alumina and high-thermal conductivity aluminum nitride ceramics, positioning itself as a leader in the domestic market [10][11] - The company aims to establish a production base for electrostatic chucks, enhancing its capabilities in high-end ceramic manufacturing [8][10] Market Demand and Growth - The global market for semiconductor ceramic heaters is projected to grow from RMB 10.32 billion in 2023 to RMB 15.26 billion by 2030, with a compound annual growth rate (CAGR) of approximately 5.8% [9] - The demand for high-end ceramic components is expected to rise due to the increasing localization of semiconductor manufacturing in China [9][19] Financial Impact - The fundraising will enhance the company's financial position, increasing total assets and net assets while reducing the debt-to-asset ratio [22][23] - The funds will also be used to supplement working capital, ensuring the company can meet its operational needs as it expands [22][23]
珂玛科技: 苏州珂玛材料科技股份有限公司向不特定对象发行可转换公司债券募集资金使用可行性分析报告