Sunfar(603938)2023-12-11 10:04Group 1: Company Overview and Operations - Tangshan Sanfu Silicon Industry Co., Ltd. is engaged in the production of electronic gases, having started preliminary research in 2016 and commencing construction in late 2017. The trial production began in November 2020, and the company received IATF16949 certification in November 2021, marking its entry into the semiconductor industry [3]. - The company’s electronic-grade dichlorodihydrosilane is primarily used in thin film deposition processes, with high customer demands for product quality and stability. Advanced purification and filling processes are employed to ensure product quality [3][4]. Group 2: Product Applications and Market Position - Electronic-grade trichlorosilane is mainly used in small-sized silicon epitaxial wafers, power devices, and carbon-silicon epitaxial wafers, with the downstream market capacity currently being relatively small [4]. - The electronic-grade dichlorodihydrosilane is applied in logic chips, memory chips, and silicon-based precursors [4]. Group 3: Production Capacity and Cost Structure - The company currently operates a production capacity of 122,200 tons for trichlorosilane, while the original capacity of 65,000 tons has been dismantled to make way for a new project with an annual output of 120,000 tons of potassium hydroxide [5]. - The cost structure for electronic-grade dichlorodihydrosilane and trichlorosilane includes equipment depreciation, raw materials, labor, electricity, and steam [5]. Group 4: Market Expansion and International Presence - In 2022, the international market demand for potassium hydroxide increased, leading the company to seize opportunities in the European market, thereby creating an increase in potassium hydroxide exports and maintaining a leading domestic export share [5]. - The company is actively promoting the export sales of silane coupling agents, which require a certain certification period in the international market [5].