八亿时空：夯实液晶主业 积极开拓“第二增长曲线”

Core Viewpoint - The establishment of a high-end semiconductor photoresist resin production line by Beijing Aiyishikong Liquid Crystal Technology Co., Ltd. marks a significant breakthrough in the domestic high-end photoresist resin sector, aligning with the company's mission of technological innovation and national strategy service [1][2]. Group 1: Company Overview - Aiyishikong was founded in July 2004 and went public on the Sci-Tech Innovation Board in January 2020, with a diversified business layout including liquid crystal materials, polymer dispersed liquid crystal (PDLC), organic electroluminescent materials (OLED), polyimide (PI), and photoresist materials [1]. - The company has developed a full series of research and production capabilities for KrF photoresist resin, collaborating with leading photoresist manufacturers to create high-performance resins [3]. Group 2: Market Demand and Strategic Partnerships - The global semiconductor market demand has surged due to the rise of artificial intelligence and 5G, with photoresist being a core material for chip manufacturing, where approximately 90% of the upstream key raw material, photoresist resin, is imported [2]. - Aiyishikong's subsidiary, Shanghai Aiyishikong Advanced Materials Co., Ltd., has formed a strategic partnership with Xiamen Hengkang New Materials Technology Co., Ltd., which holds an 11.11% stake in the subsidiary and is a supplier for several 12-inch wafer fabs [2]. Group 3: Future Growth and Revenue Projections - The company anticipates achieving revenue in the range of millions by the second half of 2025 from photoresist resin, with expectations to exceed 100 million after full production capacity is reached [3]. - Future plans include gradually expanding production capacity to 200 to 300 tons of photoresist resin annually over the next five years, alongside continued investment in research and development [3]. Group 4: New Application Markets - Aiyishikong has been recognized as a strategic supplier of domestic TFT liquid crystal materials for leading panel manufacturers, including BOE Technology Group Co., Ltd. [4]. - The company is actively exploring new application markets, particularly in automotive displays, driven by the increasing demand for intelligent features in electric vehicles [4][5]. - Aiyishikong has developed dye liquid crystals for smart dimming applications in skylights, entering the high-end market, and has successfully tested and sold several automotive display liquid crystal materials [5].