Jingsheng Electromechanical: Failed to complete semiconductor equipment contract worth 644 million yuan

Recently, Jingsheng Electromechanical said in an institutional survey that as of June 30, 2021, the company had unfinished contracts for crystal growth equipment and intelligent processing equipment totaling 11.45 billion yuan, of which 644 million yuan were unfinished semiconductor equipment contracts. (The above contract amounts are all inclusive of value-added tax). The company has many product categories, and the delivery cycle of different products is different, mainly around 3-6 months. Revenue is recognized when the equipment is accepted.

It said that in the first half of the year, driven by downstream demand and trade policy, the domestic semiconductor industry showed a rapid development momentum, and the company's semiconductor equipment business also achieved rapid development. With the implementation of major domestic semiconductor 8-12 inch silicon wafer projects, the company actively promoted the sales of single crystal furnaces, polishing machines, epitaxial furnaces and other equipment to domestic mainstream semiconductor material manufacturers, and the shipment and verification of related semiconductor equipment were accelerated. In terms of key semiconductor auxiliary materials and consumables, the key auxiliary materials and consumables business, mainly high-purity quartz crucibles, also achieved rapid growth.

In the sapphire field, Jingsheng Electromechanical can provide sapphire ingots and wafers required for LED lighting substrate materials and window materials. The company has the world's leading super-large sapphire crystal growth technology, and has established production capabilities from crystal growth to cutting, grinding and polishing. It has successfully grown the world's leading 700Kg-level sapphire crystals. The company has established a large-scale production base and is a leading enterprise that masters core technologies and scale advantages.

Jingsheng Electromechanical cooperated with Lens Technology, a leading manufacturer in the field of consumer electronics window protection, to establish Ningxia Xinjingsheng Electronic Materials Co., Ltd., which is engaged in the production and processing of sapphire materials, and laid out in advance the large-scale application of sapphire materials in the field of consumer electronics applications. Currently, the construction of Ningxia Xinjingsheng is progressing in an orderly manner, and the construction of the plant and the arrival of equipment are proceeding smoothly as expected.