菲利华(300395) - 菲利华调研活动信息

Group 1: Company Performance and Growth - In Q1 2020, the company experienced a decline in revenue and profit due to the pandemic, but overall operations showed growth after the domestic outbreak ended, particularly in the semiconductor sector, with record-high order volumes and monthly shipments [1] - The semiconductor recovery trend remained unaffected by the pandemic, with the number of certifications from Lam and Applied Materials doubling in 2019, leading to an increase in market share [1] - The company plans to expand into full-category quartz materials and extend its product line downstream, anticipating a market space expansion of 100% [1] Group 2: Strategic Directions - The company is focusing on two main development areas for the 14th Five-Year Plan: semiconductors and aerospace, with an emphasis on providing comprehensive support for quartz materials and products in the semiconductor industry [3] - In the aerospace sector, the company is transitioning from supplying materials to developing composite structural components, with R&D revenue from composite products reaching 38.12 million yuan in 2019 [1][3] - The optical communications strategy centers on profit maximization through internal management improvements and cost reductions, while expanding product offerings [1] Group 3: Production Capacity and Future Plans - The company confirmed that its production capacity can meet the increased order demand for the first half of 2020, with significant production in April exceeding the previous year's levels [3] - The synthetic quartz project, with a capacity of 200 tons/year, is expected to increase to 320 tons/year with the new facility planned to be operational by September-October 2020 [3] - The electric melting quartz project has successfully passed initial testing and is expected to undergo certification soon, leveraging existing certifications to expedite the process [3]