高端晶圆光刻胶首次获得订单 鼎龙股份推进发行可转债计划

Core Viewpoint - Dinglong Co., Ltd. has achieved a significant market breakthrough by receiving its first orders for high-end wafer photoresists, marking a milestone in its semiconductor materials business [1][3]. Group 1: Company Developments - Dinglong's subsidiary, Qianjiang Dinglong, has successfully passed customer validation for its immersion ArF and KrF wafer photoresist products, receiving orders from two major domestic wafer manufacturers totaling over one million RMB [1][2]. - The company has developed over 20 high-end wafer photoresist products, with eight currently in the customer testing phase and others in research and internal testing [2][3]. - Dinglong is in the process of issuing convertible bonds to raise up to 910 million RMB, with 480 million RMB allocated for the annual production of 300 tons of KrF/ArF photoresist [4]. Group 2: Market Position and Strategy - The recent orders for high-end photoresists enhance Dinglong's innovation capabilities in the semiconductor and related sectors, solidifying its competitive advantage in the domestic market for innovative materials [3]. - The company has shifted its industry classification from "C26 Chemical Raw Materials and Chemical Products Manufacturing" to "C39 Computer, Communication and Other Electronic Equipment Manufacturing" to better align with its focus on semiconductor innovation materials [4]. - Dinglong's production capacity includes a first-phase line capable of producing 30 tons of high-end photoresist annually, with a second-phase line under construction to produce 300 tons [4]. Group 3: Industry Insights - The global semiconductor photoresist market is valued at $2.547 billion in 2023 and is projected to reach$4.375 billion by 2030, with a compound annual growth rate (CAGR) of 8.28% [5]. - ArF and KrF photoresists currently hold a combined market share of 67.8% within the semiconductor photoresist market [5]. - As competition increases in the semiconductor photoresist market, prices are expected to decline, with Dinglong's pricing strategy reflecting a discount based on current import prices [5][6].