WG Tech(SH:603773) Ju Chao Zi Xun·2026-01-15 01:59Core Insights - The company is actively expanding its core glass-based TGV technology into various high-potential sectors such as semiconductor packaging, commercial aerospace, biomedical, and semiconductor equipment [1][3][4] Group 1: Semiconductor Infrastructure - The company's wholly-owned subsidiary, Hubei Tongge Micro, is focusing on applying glass-based TGV technology in semiconductor packaging, with small batch samples of the next-generation 1.6T optical module glass substrates already completed [3] - The company is collaborating with industry leaders to develop glass packaging solutions that meet future high computing power transmission needs, and has completed batch samples in the CPO (Co-Packaged Optics) field [3] - Strategic partnerships are underway in the advanced packaging of high-performance chips, with ongoing iterations of glass stacking technology [3] Group 2: Commercial Aerospace - The company has made significant progress in the emerging commercial aerospace market, with its self-developed CPI (Transparent Polyimide) film and space protection coating products successfully applied in flexible solar wing substrates [3] - Ongoing business connections and negotiations with multiple domestic and international companies have led to some projects entering the product sampling and customer validation stages [3] Group 3: Semiconductor Manufacturing Equipment - The company's self-developed glass optical devices are being applied in core semiconductor manufacturing equipment such as etching machines and lithography equipment, with some projects entering small batch delivery and generating initial revenue [3] - Future growth is anticipated as the market for end-user equipment expands [3] Group 4: Life Sciences and Display Technology - In the life sciences sector, the company's glass-based technology is being applied to microfluidic biochips, which are set to enter mass production [4] - The company has led the establishment of the China Glass Circuit Board (GCP) Industry Alliance to promote industry chain collaboration, and has achieved mass production of glass-based Mini LED backlight display products [4] - The company is also collaborating with leading TV brands to develop and mass-produce glass-based Mini LED television products, and is engaged in product development in the Micro LED field with several domestic and international clients [4] Group 5: Overall Strategic Positioning - The company has systematically showcased its ability to expand its technology platform centered around glass substrates, integrating the properties of glass materials with precision processing technologies like TGV [4] - Although several business segments are currently in the sampling or validation phase with limited revenue contribution, they demonstrate clear technological positioning and customer breakthroughs [4] - The forward-looking layouts are expected to open long-term growth opportunities for the company as trends in AI computing power, commercial aerospace, and domestic semiconductor equipment development progress [4]