SICC CO.(SH:688234)2023-12-18 03:30Group 1: Company Overview and Performance - The company introduced its development history, main products, and application areas, highlighting the operational performance for the first three quarters of 2023 [1] - The company has achieved a production capacity for conductive silicon carbide substrates, with a significant order fulfillment rate, including a long-term sales framework agreement worth over 1 billion yuan [2] - The Shanghai Lingang smart factory, which began product delivery in May 2023, is expected to reach an annual capacity of 300,000 conductive substrates ahead of schedule [2] Group 2: Key Challenges and Market Dynamics - The key challenges in the silicon carbide industry include high technical difficulty, limited supply capacity, and high costs, with a pressing need to resolve supply issues [2] - The market is currently experiencing a supply-demand imbalance, with substrate prices remaining stable in the short term, but expected to decline in the long term due to technological advancements and economies of scale [2] - The company is actively increasing production capacity and has seen a continuous increase in quarterly revenue since Q1 2022, driven by strong demand from downstream applications [2] Group 3: Future Plans and Collaborations - The company plans to enhance production capacity through technological improvements and increased capital investment, aiming to strengthen its market influence in the silicon carbide semiconductor sector [2] - Collaborations with well-known companies in the power electronics and automotive electronics sectors are ongoing, indicating a positive outlook for future orders [2] - The company is strategically positioning itself to meet the growing demand from downstream customers, ensuring the timely delivery of both long-term and short-term orders [2]