Three super new materials: rationally respond to the overcapacity of King Kong line technology innovation to enhance market competitiveness
In the first half of 2018, the industry environment in which Sanchao New Materials is located is facing major changes and challenges. Due to the explosive growth of the diamond line industry in 2017, the Jinang line production enterprises have invested heavily in expansion, and the competition in the industry has intensified. On the one hand, the overall overcapacity of the downstream PV chip industry, the technology and cost competition is becoming increasingly cruel, customers' requirements for product technology, quality and cost are constantly improving, and the introduction of the PV 531 policy has caused a large short-term impact on the PV industry. Affected by the above factors, although the diamond line industry maintained a high inertia growth in the first quarter, since the second quarter, the price of products has dropped significantly. Especially after the introduction of the new PV policy, the market demand has decreased or even shrunk sharply. The overall overcapacity situation has already emerged.
Under the environment of sudden changes in the market situation, the management of Sanchao New Materials seriously studied and responded, responded positively, quickly adjusted its business strategy, and strived to turn the crisis into opportunity to lay a solid foundation for the company's long-term development. In the first half of the year, the company achieved operating income of RMB 21,384,700, a year-on-year increase of 145.44%, and realized net profit attributable to shareholders of listed companies of RMB 65,570,100, a year-on-year increase of 241.114%.
Continue to increase investment in research and development, enhance product market competitiveness, and accelerate the development of new products
Sanchao New Materials insisted on technological innovation and product development as the core driving force for the sustainable development of the company. In the first half of the year, Sanchao New Materials continued to increase R&D investment, and invested a total of 14.8291 million yuan in research and development, an increase of 177.97%. Sanchao New Materials and its subsidiary Jiangsu Sanchao obtained 41 patents, including 11 invention patents, 30 utility model patents, and a total of 10 new patent applications. Through continuous upgrading and improvement of equipment and a number of technical improvement measures, efforts have been made to improve the quality of the diamond wire products, and the development of key new products such as grinding wheels, dicing blades and CMP-DISK has been accelerated. The back-reduction grinding wheels have been sold in small quantities, some products. A staged breakthrough has been achieved.
Strengthening the construction of talent ladders through internal training
Sanchaoxin is deeply aware that talent and team building are fundamental to the company's sustainable development. The company actively promotes the introduction of talents and technology through the internal and external guidance, and gives full play to the role of the Japanese subsidiary. It has effectively enriched the company's technology and management team and injected new energy into the company's subsequent development.
Rationally respond to the new PV policy, strengthen cost control, and strictly control business risks
Since the introduction of the new PV strategy, the management of Sanchao New Materials has analyzed rationally and calmly responded. They believe that the short-term impact of the PV New Deal on the industry is self-evident. The survival of the fittest caused by industry competition may accelerate. The real winner must have a technological advantage. For enterprises with better cost control, for the three super new materials, we must not only pay attention to technological progress, but also strengthen cost control, especially to prevent business risks. To this end, the company has appropriately adjusted its business strategy. Strengthen refined management, reduce unnecessary consumption and blind expansion, strengthen credit policy management and accounts receivable recovery, and strictly prevent operational risks.
Steadily promote the construction of fundraising projects
In the first half of the year, the construction of the three super-new materials projects was steadily advanced. The second-phase infrastructure project for the annual production of 1 million kilometers of diamond wire saws was successfully completed, and the technical transformation project of the super-hard materials research and development center accelerated. The raised funds have accumulated a total of 123,385,500 yuan, accounting for 74.29% of the net proceeds, and the benefits of the fundraising project have reached expectations.
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