ROSHOW(SZ:002617)2022-11-21 05:30Group 1: Market Applications of Silicon Carbide - Silicon carbide substrates are primarily used in applications such as new energy vehicles and photovoltaic inverters, with 13 components in electric vehicles utilizing silicon carbide devices [1] - The potential applications for silicon carbide are extensive, including industrial frequency converters and white goods [1] Group 2: Future Market Projections - According to Yole, the silicon carbide device market is expected to grow rapidly to $10 billion by 2030 [1] - II-VI Company predicts that the silicon carbide market will exceed $30 billion by 2030, with a compound annual growth rate (CAGR) of 50.6% from 2021 to 2030 [1] - Domestic industry experts estimate that the demand for 6-inch silicon carbide substrates will exceed 10 million pieces by 2030 [2] Group 3: Company Production Capacity - The company has installed 112 long crystal growth furnaces, with plans to have 224 furnaces operational by the end of June 2022 [2] - The core application areas for the company's silicon carbide products are photovoltaic and automotive electronics, with automotive electronics requiring higher reliability for automotive-grade applications [2] Group 4: Market Supply Situation - The silicon carbide market is currently supply-driven, with relatively high gross margins and profit rates [2] - Prices for foreign substrate wafers have begun to rise, leading to tighter supply conditions for domestic silicon carbide substrates [2] Group 5: Company Vision - The company aims to become one of the first large-scale suppliers of 6-inch silicon carbide substrates in China, having transitioned from the initial phase to the industrialization and ramp-up phase [2]