Shanghai Sinyang(SZ:300236)2022-12-06 05:20Group 1: Company Overview - Shanghai Xinyang is a technology-driven, innovative high-tech enterprise focused on semiconductor manufacturing, packaging, aerospace, and surface treatment [3] - The company specializes in functional chemical materials, primarily developing products for electronic plating and cleaning, with a focus on IC manufacturing and advanced packaging [3] - In 2016, the company established a joint venture, Xinyang Silicon Technology, to accelerate the development of wafer-level packaging equipment [3] Group 2: Financial Performance - In 2016, the company achieved total revenue of 41,383 million CNY, a year-on-year increase of 12.31%, with a net profit of 5,440 million CNY, up 28.52% [3] - The semiconductor business generated revenue of 17,459 million CNY, a 19.95% increase from the previous year, with a net profit of 1,436 million CNY, growing 187.75% [3] - The ultra-pure chemical materials for wafer processing reached 2,118 million CNY, a 66.77% increase year-on-year [3] Group 3: Product Development and Market Position - The company has been included in TSMC's qualified supplier list, with its plating and cleaning products undergoing certification [4] - The cleaning liquid products are among the four major functional chemical materials in wafer processing, with increasing usage since Q4 of the previous year [4] - The company is the only domestic provider of etching cleaning liquids for wafer copper processes, ensuring stable product quality and high environmental safety standards [4] Group 4: Future Plans and Projects - The company plans to develop high-resolution photoresists starting from 193nm, with project approval currently underway [5] - The Dongguan application technology development center has been established to enhance R&D efficiency and expand service capabilities in the semiconductor industry [5] - The company aims to achieve full coverage of functional chemical materials for integrated circuits and advanced packaging processes, continuously increasing R&D investment [5] Group 5: Production Capacity and Sales - The company currently does not face production capacity constraints, with sufficient raw material supply and flexible production organization [6] - In Q1 of the current year, the company reported a profit of 1,803 million CNY and revenue of 11,070 million CNY, reflecting growth of 11.48% and 29.70% respectively [6] - The profit growth rate was lower than revenue growth due to one-time income from asset disposal in the previous year [6]