Piotech (SH:688072)2024-06-07 09:44Group 1: Company Performance and Orders - As of December 31, 2023, the company has sales orders exceeding ¥6.4 billion (excluding demo orders) [5] - The company expects to ship over 1,000 reaction chambers in 2024 based on current orders and customer demand [5] - In 2023, the company launched 4 new products, including Thermal-ALD and HDPCVD, which have been validated by clients [4] Group 2: Product Development and Innovation - The new product platform enhances equipment capacity by approximately 20% to 60%, improving film deposition performance metrics [6] - Over 130 new reaction chambers (pX and Supra-D) received customer orders in 2023, with more than 40 units shipped for client validation [6] - The company is actively expanding its product offerings in storage chips, image sensors, and advanced packaging [7] Group 3: Workforce and R&D Investment - As of December 31, 2023, the company has a workforce of 1,070, with approximately 45% in R&D roles, and plans to grow to 1,500 by the end of 2024 [7] - The company maintains a commitment to R&D investment, with expenditures expected to remain above 20% of revenue [8] - The company has implemented two phases of equity incentive plans to enhance team stability and cohesion [7] Group 4: Future Strategies and Market Position - The company focuses on high-end semiconductor equipment, particularly in chemical vapor deposition and hybrid bonding technologies [8] - There are no current plans to diversify into other fields or transform into a platform company [8] - Future investments will target synergistic businesses within the semiconductor industry to enhance competitive strength [8]