露笑科技(002617) - 露笑科技调研活动信息

Group 1: Company Overview and Production Capacity - The company has completed a non-public offering of 2.567 billion CNY, with all funds in place, and is now focused on capacity construction [1] - Currently, 280 long crystal furnaces are in place, with some preliminary process installations completed [1] - Expected production in July is approximately 500-1000 pieces, increasing to 1000-2000 pieces in August [1] - The company aims to achieve a monthly production capacity of 5000 pieces by the end of 2022 [1] Group 2: Product Validation and Market Demand - The company began device verification in October 2021, with three rounds of validation completed for SBD applications, showing positive feedback [3] - The validation cycle for SBD (diodes) is six months to one year, while MOSFET (transistors) requires one to two years due to its complexity [3] - The company has a three-year order for 150,000 pieces from Dongguan Tianyu, with deliveries already in progress [3] - There is a global supply shortage for silicon carbide substrates, indicating a real export market opportunity [3] Group 3: Competitive Landscape - IGBT has a cost advantage over MOSFET in low-frequency applications, but MOSFET may replace IGBT as its costs decrease [3]