调研速递|晶盛机电接受超百家机构调研，碳化硅与半导体业务成焦点

Core Viewpoint - The company has made significant advancements in its silicon carbide substrate materials and semiconductor equipment businesses, showcasing strong growth potential and competitive advantages in the industry [2][3]. Group 1: Silicon Carbide Substrate Materials - The company has achieved large-scale production and sales of 6-8 inch silicon carbide substrates, with key performance indicators reaching industry-leading levels [2]. - The company has successfully developed 12-inch conductive silicon carbide single crystal growth technology, enhancing its technological capabilities [2]. - The company is expanding its customer validation efforts and has received bulk orders from international clients, indicating strong market demand [2]. - The company is establishing a global supply capacity with projects in various locations, including a 300,000-piece annual production project in Shaoxing and an 8-inch silicon carbide substrate project in Penang, Malaysia [2]. - Silicon carbide is identified as a core material for third-generation semiconductors, with applications in high-power scenarios such as electric vehicles and energy storage [2]. Group 2: Semiconductor Equipment Business - The company has delivered 12-inch atmospheric silicon epitaxy equipment to leading domestic clients, achieving international advanced levels in key indicators [3]. - New products, including the 12-inch dry-in-dry-out edge grinding machine, are undergoing customer validation, showcasing the company's innovation in semiconductor equipment [3]. - The company has developed advanced packaging ultra-fast UV laser grooving equipment, filling a domestic gap in the market [3]. - The company is promoting 8-inch silicon carbide epitaxy and 6-8 inch thinning equipment in response to the industry's shift towards 8-inch technology [3]. Group 3: Other Business Segments - The company is continuously innovating in the new energy photovoltaic equipment sector, enhancing its battery equipment system [4]. - The subsidiary has strengthened its core manufacturing capabilities in semiconductor components and materials, achieving domestic substitution for quartz crucibles and expanding its product range [5]. - The sapphire business has seen growth driven by new applications and downstream demand, with the company leading in both technology and scale [5]. - As of June 30, 2025, the company has over 3.7 billion yuan in unfulfilled contracts for integrated circuits and compound semiconductor equipment, indicating a positive business outlook [5].