Shanghai Sinyang(SZ:300236)2022-12-08 01:17Group 1: Industry Barriers - The semiconductor industry has significant technical barriers due to the high technical content in product formulation and production processes, which span multiple disciplines including chemistry and microelectronics [3] - There is a talent barrier in the semiconductor industry, as composite talents with backgrounds in chemistry and microelectronics are scarce, making it difficult to assemble technical teams [3] - Market barriers exist as semiconductor companies are very cautious in selecting suppliers, requiring strict assessments and certifications from potential suppliers [3] Group 2: Certification and Procurement - The certification cycle for chemicals related to semiconductor manufacturing and packaging is lengthy, typically taking 6 months to a year for downstream clients to validate raw material quality before placing orders [3] - The certification process is rigorous and scientific, influenced by factors such as production capacity and process changes [3] Group 3: Employee Stock Ownership Plan - The company plans to implement an employee stock ownership plan through secondary market purchases within 6 months after shareholder approval [4] - The plan is currently not initiated and requires several procedures to be completed before stock acquisition can begin [4] Group 4: Technology and Product Development - The company is focusing on TSV (Through-Silicon Via) technology, which allows for high-density interconnections between chips, enhancing speed and reducing power consumption [4] - The company’s copper plating additives for IC packaging substrates have a market value of approximately 1.2 billion RMB, with major competitors including Rohm and Haas and MacDermid [4] Group 5: Project Updates - The semiconductor wafer project has officially started, with the technical plan confirmed and related construction and R&D progressing normally [4] - The company’s non-public issuance of materials is currently under review by the China Securities Regulatory Commission [4] Group 6: Market Conditions and Risks - The market for sapphire single crystal materials has slowed due to changes in demand from major clients like Apple, impacting sales for the invested company Dongguan Jingyan Powder Technology [5] - The company is closely monitoring market changes and advising investors to be aware of investment risks [5] Group 7: Future Directions - The company aims to leverage capital market platforms for industry integration and business expansion, aspiring to become the largest supplier of electronic chemical materials in China [5] - Future interests include functional chemical materials in PCB, LED, LCD, and photovoltaic sectors, in addition to the semiconductor field [5]