PhiChem(SZ:300398)2022-12-08 02:14Market Expansion and Product Sales - The growth in fiber optic cable coating materials is driven by expansion in overseas markets and growth in the optical communication industry [3] - Last year's sales volume of fiber optic cable coating materials was approximately 6,400 tons [3] - It is expected to reach 10,000 tons in 2-3 years, with slower growth thereafter [3] - New product revenue accounted for about 14-15% in the quarterly report [3] International Market Insights - Growth in overseas markets is primarily seen in South Korea, India, and the United States, with stable growth in South Korea and faster growth in India and the U.S. [3] Product Development and Certification - The photoresist project is expected to receive trial production approval by June or July, with full government acceptance anticipated by September [4] - Currently, 7-8 clients are in the sample certification process for the photoresist project [4] - The price of the photoresist product is approximately 20-30% lower than competitors [4] Market Size and Competition - The domestic market for wet film photoresist is approximately 30,000 tons, with a target market of about 10,000 tons [5] - The company’s ultra-pure alumina is primarily used for sapphire substrates, with a purity level of 5N achieved in pilot tests [6] Financial Performance and Future Outlook - The growth rate in the first quarter is expected to be higher than the annual average, primarily due to lower orders from fiber optic customers in the previous year [8] - The management is considering stock incentive plans at an appropriate time [8] - The company aims for new products to match or exceed the scale of fiber optic cable coating materials [8]