Leadmicro(SH:688147)2023-11-20 10:22Company Overview - Jiangsu Weidao Nano Technology Co., Ltd. is a global manufacturer of high-end micro-nano equipment for semiconductors and related fields, focusing on atomic layer deposition (ALD) technology and chemical vapor deposition (CVD) [2][3] - The company is the first domestic manufacturer to successfully apply mass production ALD equipment in the 28nm node integrated circuit manufacturing front-end production line [2][3] Financial Performance - In the first three quarters of 2023, the company achieved revenue of CNY 1.022 billion, a year-on-year increase of 165.30% [3] - The net profit attributable to the parent company was CNY 155 million, an increase of CNY 158 million compared to the previous year [3] Order Growth - As of September 30, 2023, the company's semiconductor orders increased by 412.15% year-on-year, surpassing the overall order growth rate [4] - The expansion in the storage sector has been significant, with new customers primarily from well-known domestic enterprises [4] Product Development and Market Strategy - The company aims to expand its product categories in semiconductor, photovoltaic, and flexible electronics markets, focusing on ALD and CVD technologies [4][5] - In the photovoltaic sector, the company is promoting ALD-based process strategies and developing next-generation high-efficiency photovoltaic battery technologies [4][5] Inventory and Demand - The high inventory level is attributed to the long verification cycles required by customers for thin film deposition equipment, which is critical for semiconductor devices and photovoltaic cells [5] - The demand for thin film deposition equipment in the domestic storage chip sector is driven by the rapid development of DRAM and 3D NAND technologies [5][6] Third-Generation Semiconductors - The company is actively pursuing opportunities in the third-generation semiconductor market, having secured orders from several well-known clients [6][7] New Display Technology - The company's products in the new display sector are primarily used for the preparation of water and oxygen barrier layers for silicon-based OLEDs, which have a promising market outlook with a projected CAGR of 41.14% from 2018 to 2024 [6][7] Photovoltaic Battery Development - The company has received orders for ALD equipment used in BC solar cell manufacturing from major clients, with products entering the industrial application phase [7][8]