SHIHUA(SH:688093)2024-12-13 09:22Group 1: Company Overview and Investment Plans - The company plans to establish a "High-Performance Optical Materials Manufacturing Base" with a total investment of approximately 2.2 billion RMB, including 1.5 billion RMB for fixed assets [2] - The project is in the preparatory stage, aiming to alleviate capacity bottlenecks and enhance the product line of high-end optical materials [2] Group 2: Market Potential and Competitive Landscape - The global market for optical materials is substantial, potentially reaching hundreds of billions of RMB, with individual projects often valued at tens of billions [2] - Currently, high-end optical materials are predominantly supplied by foreign companies from the US, Japan, and South Korea, indicating significant domestic substitution opportunities [2] Group 3: Production Capacity and Product Lines - The company has 10 production lines for functional electronic materials, with 2 additional lines in the debugging phase, ensuring short-term capacity meets demand [2] - For high-performance optical materials, there are currently 2 production lines with limited capacity, which will be expanded through the new manufacturing base project [2] Group 4: Research and Development - The company employs 96 R&D personnel, accounting for approximately 23% of the total workforce, focusing on application-oriented development and gradually enhancing platform-based R&D capabilities [3] - R&D expenses have consistently represented about 7% of revenue in recent years, supporting the company's strategic growth and innovation in new materials [3] - An innovation center project in Shanghai is underway, aimed at strengthening the company's competitive edge in optical materials and bio-based materials [3]