Group 1: Company Products and Development - The main products include ceramic structural components for semiconductor equipment and powder crushing and classification, with ceramic heaters expected to see increased volume starting in 2024 [1] - The company has achieved a full industry chain layout covering oxides, nitrides, and carbides, with alumina used for electrostatic chucks and aluminum nitride for ceramic heaters [2] - The company has undergone significant development phases, including early entry into semiconductor equipment, breakthroughs in ceramic heater technology, and domestic substitution for ceramic heaters and electrostatic chucks starting in 2024 [2] Group 2: Market Position and Competition - High-barrier ceramic components are critical parts and consumables, accounting for 14.4% of equipment costs, with a domestic market localization rate of approximately 14%, where the company holds about 80% market share among domestic suppliers [2] - Surface treatment business, primarily cleaning and spraying, has stable future demand, mainly serving panel manufacturers [2] - The company faces competition from Ferrotec's Hangzhou factory in the traditional ceramic structural component market, where it holds a significant market share [2] Group 3: Supply Chain and Customer Dynamics - Alumina is primarily imported, and changing suppliers requires customer re-certification, posing minimal risk of supply chain disruption [2] - Over 70% of aluminum nitride is now sourced domestically, while zirconia is entirely sourced from domestic suppliers [2] - Customer validation cycles for new products are lengthy and costly, leading to high customer retention and reluctance to switch suppliers [3]
珂玛科技(301611) - 珂玛科技投资者关系管理信息(1)