上海新阳(300236) - 2015年9月10日投资者关系活动记录表

Group 1: Company Overview and Strategy - Shanghai Xinyang is a technology-driven company focused on semiconductor electronic chemicals and supporting equipment, aiming to consolidate its market position while expanding product applications and exploring new markets [1] - The company plans to develop along two main lines: deepening the semiconductor industry chain potential and continuously expanding core technology applications across various fields [1] Group 2: Financial Performance - In the first half of 2015, the company's net profit decreased compared to the same period last year due to increased investment scale, rising depreciation costs, and insufficient release of new production capacity from fundraising projects [1] - The introduction of consumption tax on coating products negatively impacted the net profit of its subsidiary Jiangsu Kaopule New Materials Co., Ltd [1] - The company aims to actively develop new markets and clients to restore rapid growth in operating performance while reminding investors to be cautious of investment risks [1] Group 3: Industry Barriers - The semiconductor industry faces significant technical barriers due to the high technical content in product formulation research and production processes, which span multiple disciplines [2] - Talent scarcity, particularly for professionals with backgrounds in chemistry and microelectronics, creates a talent barrier for assembling technical teams [2] - Market barriers exist as semiconductor companies are cautious in selecting suppliers, requiring rigorous assessment and certification [2] Group 4: Supply Chain Efficiency - The company typically has a one-week delivery cycle for domestic clients, while international competitors face longer delivery times of 2-3 months due to shipping and customs processes [2] - Shorter delivery cycles enhance customer production efficiency and stabilize impurity content in ultra-pure chemical products, contributing to improved product yield [2] Group 5: Product Development and Market Outlook - The company currently has a wafer dicing blade production capacity of approximately 5,000 pieces per month, with monthly sales around 1,500 pieces, showing stable growth [2] - The market for 300mm semiconductor wafers is promising, with a current market share of 70%, and demand projected to exceed 600,000 pieces by 2017 and 1,000,000 pieces by 2020 [3] - The company is interested in expanding into functional chemical materials in various electronic fields, including PCB, LED, LCD, and photovoltaics [3] Group 6: Future Growth Points - The company maintains a solid market position in traditional semiconductor packaging, while rapid growth is expected in the semiconductor wafer processing sector over the next 2-3 years [3] - Advanced packaging technology reserves may lead to rapid growth in the next 3-5 years, alongside new projects in wafer dicing blades and IC substrate chemical materials [3]