Recently, CapitaLand Quartz released its 2024 annual report. Last year, the company achieved revenue of 306 million yuan, a year-on-year increase of 17.95%, of which quartz products for semiconductor integrated circuit chips achieved revenue of 237 million yuan, an increase of 36.35% over the same period last year; net profit attributable to the parent company was 32.9059 million yuan; net cash flow from operating activities was 21.8022 million yuan, an increase of 259.54% over the same period last year
Kaide Quartz emphasized that the main reason for the company's performance growth is the increase in demand for the company's semiconductor industry customers, especially the rapid growth in orders from compound semiconductor customers. In the future, the continued improvement in the downstream demand side will provide more obvious policy guarantees and support for the company's business development.
Strong customer demand leads to a 36% increase in semiconductor quartz product revenue
In the semiconductor field, quartz products are important materials in the semiconductor manufacturing process, and their application runs through almost the entire process of semiconductor wafer manufacturing. However, at present, the localization rate of high-end quartz materials for semiconductors is low, and the market is almost dominated by foreign companies.
Kaide Quartz is one of the few semiconductor quartz companies in China that has mastered core technologies. Last year, the company's quartz products for semiconductor integrated circuit chips achieved revenue of 237 million yuan, accounting for 77% of the company's main business revenue, an increase of 36.35% over the same period last year.
The three major production bases are progressing smoothly and have received formal orders from SMIC
-CapitaLand Quartz 's fundraising project - the high-end quartz product industrialization project, namely the new Yizhuang factory. CapitaLand Quartz said that the factory is in the production capacity ramp-up period, and currently many high-end quartz product customers have come to the site for review. The new Yizhuang factory will release more performance in the future.
-Kaimei Quartz, which was established by Kaide Quartz and Tongmei Crystal. The company is the main construction entity of the large-diameter high-quality quartz glass tube and high-purity quartz sand project for semiconductors and integrated circuits. The project is currently progressing smoothly, and the first phase of the quartz glass tube project has been put into production. In 2024, the total operating income will be 13.1081 million yuan, and the production capacity will be gradually released.
-CapitaLand Quartz's subsidiary CapitaLand Xinbei. In 2024, CapitaLand Xinbei achieved revenue of 87.1989 million yuan. On the basis of stable operation of existing businesses, the construction project of CapitaLand Xinbei Semiconductor Precision Parts R&D and Production Base is progressing normally, which will bring further improvement in production capacity after it goes into production.
In the field of compound semiconductors, Kaide Quartz's main customer is Tongmei Crystal, and its products are mainly supplied to Tongmei Crystal's indium phosphide and gallium arsenide production lines. It is reported that indium phosphide substrate products are mainly used to produce lasers and detector chips in optical modules; gallium arsenide substrate products are mainly used for radio frequency device products, laser devices, sensors, and are often used in high-brightness light-emitting diode (HBLED) device products for mobile phones and liquid crystal display (LCD) TV backlight sources.
In terms of 12-inch semiconductor high-end quartz products, Kaide Quartz emphasized that as more and more of the company's 12-inch semiconductor high-end quartz products pass downstream customer certification, the company's 12-inch semiconductor quartz product orders will gradually increase. It is worth mentioning that Kaide Quartz's product certification at SMIC is progressing smoothly and has already received formal orders.