Main listed companies in the target industry: Jiangfeng Electronics (300666), Ashi Chuang (300706), Youyan Xincai (600206), Longhua Technology (300263), Antai Technology (000969), etc.
Core data of this article: business layout, business performance and business planning of listed companies
1. Summary of listed companies in target industry
The high-purity sputtering target industry belongs to the field of electronic materials. Its upstream link is metal purification, and its downstream application fields are semiconductor chips, flat panel displays, solar cells, information storage, etc.
Because the production technology of high-purity metal target base materials in the United States, Japan and other countries is relatively advanced, China's target manufacturers rely heavily on the import of high-purity metal base materials. China's high-purity metal target base material manufacturers with metal purification technology are also located in the upper and middle reaches of the industrial chain (research and development and production of high-purity metal target base materials and targets). The main domestic customers of industrial enterprises are semiconductor chip manufacturers and panel manufacturers.
2. Comparison of business layout of listed companies in target industry
Among the listed companies in the target industry, Jiangfeng Electronics and Ashi Chuang account for a relatively high proportion of the target business. Longhua Technology has a partial layout in the target business, and its main customers are well-known manufacturers in the fields of semiconductor chip manufacturing, display panel and solar cell.
The target business of China's high-purity metal target base material manufacturers is in the stage of R&D, small batch production or mass production. According to the information disclosed by listed companies, Xinjiang Zhonghe's main customers are Youyan New Materials, etc; The main customers of Jinmo are BOE, Samsung, etc.
Note: YARD New Materials discloses data of high-purity and ultra-high-purity materials business, including target business, but the statistical range is too large.
3. Comparison of business performance of listed companies in the target industry
Jiangfeng Electronics has a high gross profit rate in the target business. In 2020, Jiangfeng Electronics' revenue in the target business reached 772 million yuan (66.29% of the total revenue), ranking the leading position in the industry. In general, the number of enterprises with the capacity of large-scale production of target materials in China is small.
Note: YARD New Materials discloses data of high-purity and ultra-high-purity materials business, including target business, but the statistical range is too large.
4. Comparison of business plans of listed companies in the target industry
According to the business plan of the listed company, Jiangfeng Electronics, Ashi Chuang, Youyan New Materials and Longhua Technology have set the target project construction plan. As a high-purity metal producer, Xinjiang Zhonghe has set a project plan in the field of ultra-high-purity aluminum-based sputtering target blank, so as to realize the bulk supply of target raw materials.
For the above data, refer to the Foresight Industry Research Institute's Analysis Report on the Development Prospect Forecast and Investment Strategy Planning of China's Target Industry. At the same time, Foresight Industry Research Institute also provides solutions such as industrial big data, industrial research, industrial chain consulting, industrial map, industrial planning, park planning, industrial investment attraction, IPO investment feasibility study, and prospectus writing.
