The company's main PVA coating materials, mainly sputtering targets and evaporation materials two categories, covering metal elements, non-metal elements, alloys, compounds and so on. At present, the company's products are mainly used in optical components, flat panel display, energy-saving glass, and have developed products used in semiconductors, solar cells and other fields. The main customers are BOE, Qunchuang Optoelectronics, Lance Technology, Bourne Optics and so on. The company is a comprehensive PVD coating material manufacturer with a complete variety of products, a wide range of applications and a more comprehensive process technology in the domestic PVD coating industry.
Point one: the company has core technologies such as large area target binding technology, rotating target binding technology, high purity metal target grain refinement and testing technology, plasma spraying technology, metal melting technology, friction stir welding technology, ITO nanometer powder preparation technology and so on. At present, the company can bind an area of up to 3 square meters at one time, and achieve 95% bonding rate, which has been successfully applied to the binding of 5.5 generation flat panel display targets with the largest single area. And it is one of the few domestic manufacturers with rotating pipe target binding technology and large-scale waterway backplane manufacturing technology.
Point 2: the global market for high-purity sputtering targets was US $11.36 billion in 2016 and will reach US $16.3 billion by 2019, with a compound growth rate of 13%. At present, the field of flat panel display and optical components, which are mainly used in the company's products, are developing rapidly. The field of flat panel display is mainly LCD panel and touch module. In terms of LCD panels, the mainland panel factory continues to expand its production capacity, with shipments increasing by 51.3 per cent in 2015 compared with the same period last year, and the global market share is expected to reach 35 per cent in 2018. Touch modules are mainly used for mobile tablets, with 1.47 billion mobile phones shipped worldwide in 2016. In terms of optical components, they are mainly used in smart phones, car lenses, security monitoring equipment, digital cameras and many other fields. With the sharp increase in smartphone shipments, reaching 1.47 billion in 2016, the demand for mobile phone lenses has also increased significantly. In addition, shipments of security monitoring equipment and vehicle cameras have also increased significantly. According to IHS data, the compound growth rate of China's car cameras will reach 30 per cent from 2015 to 2020.
Point 3: with the investment project with an annual output of 3.5 million tons of flat panel display sputtering target construction project put into production, the company will further expand its market share in the field of flat panel display coating materials.
Risk hint: the fund-raising project does not meet expectations.