凯盛科技（600552.SH）1月6日在投资者互动平台表示，公司年产5000吨合成石英砂生产线项目已启动 试生产，处于化工段产品生产技术调试中，部分产品样品通过客户验证，但仍需通过产业化试样验证。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司，前期公司规划的年产800吨合成石英项目 现在进展如何？预期什么时候能投产？ ...

证券日报网讯12月22日，石英股份（603688）在互动平台回答投资者提问时表示，公司用自产高纯石英 砂生产的半导体扩散、刻蚀领域用石英材料已通过了国内外重要客户认证，并有一定量订单落地。在高 纯石英砂业务方面，公司合成石英砂研发进展顺利，目前处于中试阶段。 ...

Group 1: Financial Performance - In the first half of 2025, revenue from quartz glass materials reached 6.43 billion CNY, a year-on-year increase of 21.35%, driven by the recovery in the global semiconductor industry and demand in the aerospace sector [2] - Revenue from quartz glass products was 2.62 billion CNY, a year-on-year decline of 30.93%, primarily due to the impact of the photovoltaic sector and intensified competition in the industry [2] Group 2: Industry Outlook - The company sees strong growth opportunities in high-performance quartz glass materials and products, particularly in semiconductor, aerospace, optical, and electronic circuit industries, which are essential for major national projects [2][3] - The semiconductor market is expected to remain robust, with the company positioned to benefit from the ongoing demand for quartz glass materials in semiconductor processes [10] Group 3: Strategic Responses - To address the downturn in the photovoltaic and optical communication sectors, the company is focusing on technological advancements and process improvements to enhance production efficiency and profitability [4] - The company is actively managing costs and budgets to sustain profitability in challenging market conditions [4] Group 4: Production Capacity and R&D - The company has completed the first phase of high-purity quartz sand production with a capacity of 10,000 tons, applicable in photovoltaic and optical communication fields [10] - The high-purity synthetic quartz sand project is currently in the pilot testing phase, contributing to the company's complete supply chain [10] Group 5: Legal Matters - The company has won a first-instance judgment for 202.42 million CNY in a trade secret infringement case, which is currently under appeal [12] Group 6: Talent Management - The company emphasizes talent retention and innovation through equity incentive plans, having implemented four phases covering nearly a thousand participants to share the benefits of corporate growth [12]

Core Viewpoint - The company has initiated trial production of its synthetic quartz sand project and is in the process of optimizing operational parameters and adjusting formulations, with small batch orders already established for upstream organic silicon, by-products like silane, and electronic-grade silica sol [1] Group 1 - The synthetic quartz sand project has commenced trial production [1] - The company is continuously optimizing operational parameters and adjusting formulations [1] - Small batch orders have been formed for upstream organic silicon, silane by-products, and electronic-grade silica sol this year [1]

Core Viewpoint - The company Kaisheng Technology (600552.SH) has initiated trial production of synthetic quartz sand and is in the process of optimizing operational parameters and adjusting formulations [1] Group 1: Company Developments - The synthetic quartz sand project has commenced trial production, with ongoing efforts to optimize operational parameters and adjust formulations [1] - The company has reported that small batch orders for by-products such as organosilicon, silane, and electronic-grade silica sol have been established this year [1]

Core Viewpoint - The company has initiated trial production of its synthetic quartz sand project and is in the process of optimizing operational parameters and adjusting formulations, with small batch orders already established for upstream organic silicon, by-products such as silane, and electronic-grade silica sol [1] Group 1 - The synthetic quartz sand project has commenced trial production [1] - The company is continuously optimizing operational parameters and adjusting formulations [1] - Small batch orders for upstream organic silicon, silane by-products, and electronic-grade silica sol have been formed this year [1]

Core Viewpoint - The company has initiated trial production of its synthetic quartz sand project and is continuously optimizing operational parameters and adjusting formulations [1] Group 1: Company Developments - The synthetic quartz sand project has commenced trial production [1] - The company is working on optimizing operational parameters and adjusting formulations [1] - Small batch orders for upstream products such as organic silicon, by-product silane, and electronic-grade silica sol are expected to be formed this year [1]

Core Insights - Beijing Xici New Energy Technology Co., Ltd. (referred to as "Xici New Energy") recently completed nearly 10 million yuan in angel+ round financing, with investments from Lianyungang High-tech Investment, Waterwood Venture Capital, Shangshi Capital, and the industry investor holding platform Xici Zhongyou [2] Company Overview - Xici New Energy was established in 2019, led by Tsinghua University PhD Ding Xifeng, focusing on platform-level preparation technology for third/fourth generation semiconductor core powder materials. The company has developed multiple product lines including aluminum nitride, silicon carbide, and synthetic quartz sand, which are widely used in chip heat dissipation, substrates, and high-end structural components [3] - The company has built a hundred-ton synthetic quartz sand production line in Beijing, with pilot lines for silicon carbide and aluminum nitride operating simultaneously. Products have been sampled and started small batch supply to leading tier-one suppliers, with mass production expected to begin in the second half of 2025, aiming for revenue to reach tens of millions in 2026 [3] Financing Purpose - The funds from this round will primarily be used to supplement working capital for the synthetic quartz sand production line to ensure capacity ramp-up. Additionally, it will accelerate the construction of the silicon carbide production line, aiming for trial production in 2026, and continue to invest in optimizing aluminum nitride processes and consistency verification with leading customers, laying the technical and market foundation for multiple products to be launched in 2027 [4] Investment Rationale - Waterwood Venture Capital's partner Zhou Yi pointed out that Xici New Energy possesses a self-controllable chemical synthesis technology barrier in the high-purity powder field. The team combines academic depth with industrial experience, and the products have entered the supply chain of domestic leading customers, with rigid demand and broad replacement space. This investment is a significant layout for Waterwood in the semiconductor key materials sector, with strong potential for material-to-device transition in the next three years [5] Investment Ecosystem Perspective - Wang Shuai, founder of Shandao Venture Capital Network, stated that recent continuous issuance of "Advanced Materials Innovation Application Action Plan" by national ministries and commissions, along with rapid follow-up from local government matching funds, has created a synergy of capital, industry, and policy. The aluminum nitride and silicon carbide focused by Xici New Energy are key varieties encouraged by policies. The team has successfully passed pilot tests and obtained access to leading customers, with strong awareness of "trustee responsibility" from managers, allowing investors to confidently accompany the company through cycles. The platform will continue to support entrepreneurial spirit and assist in the stable growth of the domestic semiconductor materials ecosystem [6]

Core Viewpoint - Beijing Xici New Energy Technology Co., Ltd. has recently completed nearly 10 million yuan in angel+ round financing, which will primarily be used to supplement working capital for the mass production line of synthetic quartz sand [1] Group 1: Company Overview - Xici New Energy was established in 2019 and focuses on the preparation technology of key powder materials for third/fourth generation semiconductors, including aluminum nitride, silicon carbide, and synthetic quartz sand [1] - The founder, Ding Xifeng, holds both bachelor's and doctoral degrees from Tsinghua University and has extensive experience in chemical engineering [1] Group 2: Product Development - The company has built a mass production line for synthetic quartz sand with a capacity of hundreds of tons, as well as pilot lines for silicon carbide and aluminum nitride powders [1] - Xici New Energy has developed a proprietary organic-inorganic polymer gel method to produce high-purity, low-cost synthetic quartz sand, addressing the high costs associated with traditional production methods [2][3] Group 3: Market Position and Strategy - The synthetic quartz sand produced by Xici New Energy is intended to replace imported products, particularly from Mitsubishi Chemical, which currently holds a monopoly in the market [2] - The company has already produced two grades of high-purity synthetic quartz sand: a 5N8 grade for partially replacing imported natural quartz sand and a 7N grade for replacing imported synthetic quartz sand [5] Group 4: Future Outlook - Xici New Energy expects to enter a mass production phase by the second half of 2025, with projected revenues reaching tens of millions by 2026 and further increases in 2027 as silicon carbide and aluminum nitride products come online [8] - The company aims to expand its market share in the domestic semiconductor industry and is working to ensure stable supply chains and customer relationships [8]

Summary of the Conference Call for 欧晶科技 Industry and Company Overview - The company operates in the quartz crucible industry, specifically focusing on photovoltaic and semiconductor applications [2][3][4]. Key Points and Arguments - **Market Price Decline**: The price of photovoltaic quartz crucibles has significantly dropped from over 40,000 yuan in 2023 to approximately 7,600 yuan by early 2025, leading to negative gross margins for this segment, which constitutes 70% of the company's revenue [2][3]. - **Sales Performance**: Despite the price drop, the company reported a 20% year-over-year increase in photovoltaic quartz crucible sales in Q2 compared to Q1 [2][15]. - **Product Structure Adjustment**: The company is actively adjusting its product mix by expanding into the semiconductor quartz crucible market, with a planned annual production capacity of 26,000 units [2][6]. - **Customer Base Expansion**: The company has begun small-batch deliveries to clients such as 中环领先 and 上海新盛, while also seeking to expand its customer base [2][6]. - **Cost Structure**: Current quartz crucible prices can cover cash costs, but high fixed costs due to decreased demand result in negative gross margins. Sales to 中环 are unprofitable, while other clients may offer potential profitability depending on order specifics [2][8][9]. - **Material Costs**: The market price for the inner layer of photovoltaic quartz crucibles, made from 西比克 sand, is around 90,000 yuan per ton, while domestic quartz sand prices range from 20,000 to 30,000 yuan [2][10]. - **Semiconductor Crucible Pricing**: Semiconductor-grade quartz crucibles are priced approximately twice that of photovoltaic crucibles, with the main sizes being 24 to 28 inches [4][13]. Additional Important Insights - **Future Demand Outlook**: The demand for photovoltaic crucibles is expected to remain stable in the second half of the year, with the company aiming to mitigate demand declines through external customer expansion [4][14]. - **Small Manufacturer Challenges**: Smaller crucible manufacturers face survival pressures due to unstable sand sources and quality issues, leading to a potential exit from the market [4][16]. - **Market Dynamics**: The company is monitoring market demand closely to determine if prices for quartz crucibles will increase similarly to silicon materials [7][8]. - **Synthetic Quartz Sand Development**: The company is exploring synthetic quartz sand production, which is currently dominated by foreign suppliers, to address domestic demand and quality issues [11][12]. This summary encapsulates the critical insights from the conference call, highlighting the challenges and strategic adjustments made by the company in response to market conditions.