华灿光电(300323) - 2015年2月3日投资者关系活动记录表

Group 1: Production Capacity and Equipment - The first phase of the Zhangjiagang project has 48 MOCVD machines, all of which are in production; the second phase plans for 6 MOCVD machines, with 2 already in operation and the rest ordered; the third phase plans for 42 MOCVD machines, most of which have arrived, aiming for completion in the first half of 2015 [2][3] - The production capacity from the first phase, launched in 2013, contributed minimally to the 2013 performance due to the machines arriving in the second half of the year; significant growth in 2014 was primarily from machines installed at the end of 2013 [3] - The company prioritizes R&D needs over production scheduling, with the number of MOCVD machines allocated for R&D not being a fixed value [3] Group 2: Market Demand and Supply - Global demand for LED applications is growing faster than previously predicted, with the LED industry and semiconductor lighting demand just beginning to be released; supply has mainly expanded in mainland China, lagging behind global demand growth [5] - The current market for MOCVD machines is dominated by a few manufacturers, making it difficult for them to expand production; the new machines being added to the market represent a small percentage of the total industry capacity [5] - The LED lighting market's future demand is expected to grow significantly, driven by developments in smart home technology, beyond merely replacing existing lighting solutions [5] Group 3: Company Strategy and Future Outlook - The company does not rule out future expansion in the Wuhan plant, currently focused on optimizing the Zhangjiagang plant's phases one to three [4] - The technology team has been stable since the company's inception, combining research-focused expertise from the U.S. and practical experience from Taiwan, which has formed a unique technological advantage [4] - In 2015, the company is expected to transition from an investment phase to a harvest phase, with a more optimized investment ratio and reduced competition in the market for epitaxial chips [6][7]