Peric Special Gases (SH:688146)2024-02-29 07:34Revenue Composition - The company's revenue is primarily derived from the integrated circuit industry, accounting for approximately 60% [3] - The display panel industry contributes about 25%-30% to the revenue [3] - Other income, including products like trifluoromethanesulfonic acid, accounts for 10%-15% [3] Product Focus and Development - The company specializes in the research, production, and sales of electronic specialty gases, including trifluorine nitrogen and tungsten hexafluoride [4] - Currently, the company offers over 70 product types, with plans to expand to around 100 types in the next three years [4] - Key future products expected to have significant output and value include hexafluorobutadiene, high-purity hydrogen chloride, and deuterium [4] Market Conditions and Challenges - The semiconductor and LCD display industries are experiencing a downturn, leading to a decline in demand for electronic specialty gases [4] - The company's revenue for the first three quarters of 2023 showed a year-on-year decrease due to macroeconomic factors and reduced market demand [4] - Despite a decline in demand, the company is competing in the market with more competitive pricing [4] Future Outlook - The semiconductor industry is projected to see a 12% increase in sales revenue in 2024, reaching $61.4 billion, which may positively impact the company's sales and revenue [5] - Currently, overseas revenue accounts for over 20% of the company's total revenue, with expectations for growth in international market share [5] Product Market Potential - Trifluoromethanesulfonic acid and its derivatives are recognized for their low environmental impact and strong catalytic properties, with applications in pharmaceuticals and chemicals [6] - Lithium salts like bis(trifluoromethanesulfonyl)imide and trifluoromethanesulfonic acid lithium are crucial components in lithium battery electrolytes, enhancing electrochemical stability and performance [6] - The market for lithium battery additives is anticipated to grow significantly due to advancements in green and low-carbon technologies [6]