Qingdao Gaoce(SH:688556)2023-09-25 02:10Group 1: Market Trends and Demand - The photovoltaic industry is characterized by rapid technological iterations, leading to a significant demand for replacing outdated slicing machines in the next two to three years due to declining silicon wafer prices and reduced profit margins [1]. - The market has a large number of early-generation slicing machines still in use, but the urgency for replacement is increasing as cutting factories become more sensitive to equipment performance [1]. Group 2: Company Strategy and Capacity - The core logic behind the company's silicon wafer cutting service is based on a technology closed loop of "cutting equipment + cutting consumables + cutting process," which enhances competitive advantage through cost leadership [4]. - The company has planned a total capacity of 102GW for silicon wafer cutting services, strategically located in Yancheng (East) and Sichuan (West) to leverage industry cluster advantages and reduce production costs [4]. Group 3: Production Utilization - Currently, all projects are operating at full capacity except for the 12GW photovoltaic large silicon wafer project in Jianhu (Phase II), which is in the ramp-up stage [4].