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万业企业(600641) Corporate Day. Mgmt. was optimistic on booming demand from domesticsemiconductor equipment driven by localization and domestic foundries’ rapidcapacity expansion. Its subsidiary, Kaishitong, is a domestic ion implanter leaderwith major focus on low-energy large beam ion implanter and high-energy ionimplanter, and mgmt. expected strong order visibility in 2023. Mgmt. believed thecompany will leverage its leading technology, R&D expertise and “1+N” productplatform to drive future growth. Kaishitong’s ion implanter to accelerate client penetration; good ordervisibility in FY23E. Kaishitong obtained batch orders including 12-inch lowenergy large beam ion implanter and low-energy large beam ultra-lowtemperature ion implanter from major customers, with order amountexceeding RMB680mn in 1Q22. On 26 Apr 2022, Kaishitong successfullydelivered the first batch of multiple sets of large beam ion implanters’ ordersto customers. Mgmt. expected fast penetration into customers once productcompetence is verified, and remained confident on order visibility going into2023. Jiaxin Semiconductor to benefit from robust 8 & 12-inch productiondemand. Subsidiary Jiaxin Semiconductor offers an established front-endequipment product line, including etching, film deposition, rapid heat treatment,annealing and cleaning equipment. Mgmt. expected strong demand fromdomestic 8-inch &12-inch capacity expansion, and targeted an annual outputof 2,450 new equipment (95%+ of total equipment) and 50 re-manufacturedequipment in the future. “1+N” product platform strategy to drive growth momentum. Mgmt.believed the dual layout of Kaishitong’s ion implanter and JiaxinSemiconductor’s products provides a solid foundation of “1+N” platformstrategy, which offers customers with greater flexibility in selecting variousfront-end equipment. We believe this strategy will provide long-term growthopportunities and further drive market share gain in front-end equipmentmarket.
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（以下内容从招银国际《Corp Day Takeaways:Positive outlook on “1+N” product platform 》研报附件原文摘录）万业企业(600641) Corporate Day. Mgmt. was optimistic on booming demand from domesticsemiconductor equipment driven by localization and domestic foundries’ rapidcapacity expansion. Its subsidiary, Kaishitong, is a domestic ion implanter leaderwith major focus on low-energy large beam ion implanter and high-energy ionimplanter, and mgmt. expected strong order visibility in 2023. Mgmt. believed thecompany will leverage its leading technology, R&D expertise and “1+N” productplatform to drive future growth. Kaishitong’s ion implanter to accelerate client penetration; good ordervisibility in FY23E. Kaishitong obtained batch orders including 12-inch lowenergy large beam ion implanter and low-energy large beam ultra-lowtemperature ion implanter from major customers, with order amountexceeding RMB680mn in 1Q22. On 26 Apr 2022, Kaishitong successfullydelivered the first batch of multiple sets of large beam ion implanters’ ordersto customers. Mgmt. expected fast penetration into customers once productcompetence is verified, and remained confident on order visibility going into2023. Jiaxin Semiconductor to benefit from robust 8 & 12-inch productiondemand. Subsidiary Jiaxin Semiconductor offers an established front-endequipment product line, including etching, film deposition, rapid heat treatment,annealing and cleaning equipment. Mgmt. expected strong demand fromdomestic 8-inch &12-inch capacity expansion, and targeted an annual outputof 2,450 new equipment (95%+ of total equipment) and 50 re-manufacturedequipment in the future. “1+N” product platform strategy to drive growth momentum. Mgmt.believed the dual layout of Kaishitong’s ion implanter and JiaxinSemiconductor’s products provides a solid foundation of “1+N” platformstrategy, which offers customers with greater flexibility in selecting variousfront-end equipment. We believe this strategy will provide long-term growthopportunities and further drive market share gain in front-end equipmentmarket.
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