RO4350B, 4003C; Rogers 5880, 5870, 6002, 6010, 6006, 6035; RO3003, RO3035, RO3006, RO3010, RO3210,RO3203
TLX-8, TLX-6, TLX-9, TLX-0, TLX-7, TLY-3, TLY-5, RF-35TC, RF-60TC, RF-35A2, RF-60A, AD450, AD600, TMM4, TC350
On June 5, Xinqi Microdevice released an investor relations activity record sheet showing that 37 institutions including Huaan Fund, TEDA Manulife, and Ruiyuan Fund entered the company for investigation, with a total of 15 questions, mainly involving PCB, pan-semiconductor and other fields.
Liu Xiangdong, deputy director of the Economic Research Department of the China Center for International Economic Exchanges, told the "Securities Daily" reporter that institutional investors conduct research on the business and other conditions of listed companies, releasing the agency's expectation to find high-quality companies with potential and growth. It provides better income space for new investment, and also reflects that some companies that have grasped the market's wind in the process of economic recovery will be able to stand out.
Specifically, how about the PCB market demand raised by institutional investors? The company said that the demand for consumer electronics terminals has fluctuated in recent years, but the demand for high-end PCBs in industries such as automobiles, servers, storage, and new energy has increased, which has further offset the impact of consumer electronics fluctuations on the PCB industry. At the same time, the company covers a wide range of customers, and has opened up market channels such as Japan, South Korea, and Vietnam, and there is still a lot of room for domestic substitution.
Wei Yongzhen, secretary of the board of directors of Xinqi Microdevice, told the reporter of "Securities Daily" that with the development of downstream electronic products in the direction of portability, thinness, and high performance. The PCB industry is gradually developing in the direction of high density, high integration, thin lines, small aperture, large capacity, and thinner. The structure of PCB products is continuously upgraded, and the demand for high-end equipment is increasing, which leads to the replacement of existing PCB exposure equipment, and the demand for direct imaging equipment to replace existing traditional exposure equipment is strong.
The development prospect of the industry further proves that the company's business market is showing a high degree of prosperity. According to Prismark statistics, the global PCB output value will be approximately US$81.741 billion in 2022, a year-on-year increase of approximately 1%. In the medium and long term, the industry will maintain a steady growth trend. From 2022 to 2027, the global PCB output value is expected to grow at a compound annual growth rate of 3.8%.
According to the reporter's analysis, in addition to the application of the company's lithography technology in PCB and pan-semiconductor, its application in the photovoltaic field has also become the focus of attention of institutional investors. In April this year, the company's photovoltaic copper-plating LDI mass-production model (SDI-15H) was successfully shipped to a leading photovoltaic company, and the mass-production application of photovoltaic HJT copper-plating LDI technology made a major breakthrough. The SDI-15H device is the first mass-production application of direct-write lithography patterning technology in the photovoltaic field.
Xinqi Microdevice stated that the company's direct writing lithography technology provides a new type of high-precision and low-cost graphics solution for the photovoltaic industry to reduce costs and increase efficiency, and solve the pain points of high-efficiency solar cell industrialization. At present, it is cooperating with the verification of downstream application scenarios, and the mass-produced models have begun to be shipped, and continue to develop more downstream customers.
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