On October 28, 800 million spacetime released its third quarterly report, saying that from July to September 2021, the company achieved operating revenue of 229 million yuan, up 39.01% year-on-year, and net profit attributable to shareholders of listed companies was 65 million yuan, up 35.11% year-on-year.
In the first three quarters of 2021, 800 Million Spacetime achieved operating revenue of 652 million yuan, up 45.51% year-on-year, and net profit attributable to shareholders of listed companies was 169 million yuan, up 26.94% year-on-year.
800 million space-time said that the company's revenue growth is mainly LCD panel demand growth, customer demand for LCD materials, while the company's product quality, supply and service to maintain a high degree of recognition, order scale continues to expand. At the same time, the company improved production efficiency and reduced costs through fine management, technological improvement and core cost control, resulting in an increase in net profit.
In the first three quarters, 800 million spatial-temporal R&D investment was 33.8988 million yuan, up 45.78% year on year. It said that the company has steadily promoted the RESEARCH and development of liquid crystal materials, while accelerating the research and development process of OLED, polyimide and photoresist materials, and increased the corresponding investment in research and development.
In the first half of this year, the sales revenue of 800 million space-time to BOE accounted for 61.71% of its operating revenue. In order to achieve customer diversification, reduce the dependence on a single customer, 800 million space-time is actively expanding new customers. Zhao Lei, chairman and General manager of 800 Million Time said, "On the basis of maintaining good cooperative relations with BOE, Huicke and Innolux, 800 Million Time is also exploring other LCD panel manufacturers, and its LCD materials have passed the test and certification of some potential customers."
In addition to customer diversification, 800 Million space-time is realizing business diversification, looking for new growth points. At present, 800 million space-time is actively developing OLED materials, polyimide, photoresist and other materials, which will lay a good foundation for further industrialization.
At present, the OLED panel industry in Mainland China is developing rapidly, bringing huge market opportunities to the OLED material market. Zhao lei said that OLED material synthesis process and equipment are similar to liquid crystal materials, but the sublimation part is different, 800 million space-time has certain advantages in the FIELD of OLED materials. At present, 800 Million space-time is strengthening the design and development of new structures of OLED materials, and preliminarily realizing the layout of INTELLECTUAL property rights of OLED materials. According to the semi-annual report of 800 Million Space in 2021, 44 kinds of intermediates and monomers have been newly developed, and the production process of 5 kinds of products has been optimized. The company has established business and cooperative relations with a number of domestic and foreign OLED material enterprises, and has begun to achieve stable supply overseas.
In addition, the 5G industry is developing rapidly, and the demand for PI paste (MPI) will increase significantly. At present, 800 million spacetime PI paste (MPI) has passed the pilot test of major manufacturers in the industry, and its performance indexes have basically reached the international level. According to the semi-annual report of 800 million space-time 2021 in the research project to achieve the target, the high-frequency use of low dielectric polyimide research, design new structural monomer, debugging polyimide slurry formula. Colorless transparent high temperature resistant polymer optical film for flexible OLED display was studied, and a new monomer structure was designed to achieve good transparency effect.
"Photoresist is the weakness of China's display and semiconductor industry." Zhao Lei pointed out that China is not only a big gap between photoresist technology and foreign countries, but also lack of resin raw materials for photoresist, and 800 million time is focusing on resin raw materials. At present, the pilot synthesis of 800 million space-time photoresist raw materials photoacid and PHS resin has been basically completed, and is now in the stage of preparation for mass production. The synthesis, purification and development of PHS resin materials for 248 nanometers have been successfully carried out in pilot scale. According to the semi-annual report of 800 million Space-time 2021 in the research project to achieve the goal shows that the research and photoresist performance and quality can match the use of polymer resin, and smoothly achieve industrial production.
