新材料周报：盛合晶微科创板IPO辅导进入验收程序，部分中国车企2026年将实现芯片100%国产化目标-20250623

Investment Rating - The industry rating is "Outperform the Market" indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 to 12 months [52]. Core Insights - The semiconductor materials sector is accelerating domestic production, with rapid expansion in downstream wafer factories, highlighting the competitive advantages of leading companies [4]. - The report emphasizes the importance of the photoresist segment as a critical core area for self-sufficiency in China, with a positive outlook for Tongcheng New Materials in terms of import substitution [4]. - The demand for high-performance materials is expected to increase as domestic manufacturing upgrades continue, leading to rapid growth in the new materials industry [4]. - The report identifies key companies to watch, including Huate Gas, Anji Technology, and Dinglong Co., which are positioned to benefit from the ongoing industry upgrades and innovations [4]. Market Overview - The Wind New Materials Index closed at 3610.81 points, down 1.18% week-on-week [3][9]. - Among six sub-industries, the semiconductor materials index decreased by 0.3%, while the display device materials index increased by 1.09% [3][9]. - The lithium battery index rose by 2.23%, indicating a positive trend in that segment [3][9]. Recent Industry Highlights - SJ Semiconductor Corporation's IPO guidance has entered the acceptance phase, indicating progress in the capital market [4][27]. - Several Chinese automotive manufacturers are set to achieve 100% localization of chips by 2026, a significant increase from the current target of 25% [4][27]. - Mitsubishi Chemical announced the relocation of its PMMA factory in China to enhance its market share in the PMMA sector [4][28]. - Dingji Technology successfully launched a pilot production line for high-end POE materials, paving the way for future production capacity [4][31].