According to Zhitong Finance App, Sdic (300806.SZ) announced that in order to further implement the company's future development strategy plan, make up for the shortcomings of upstream high-end functional BOPET substrate films, improve the layout of the entire industry chain, and enhance the market share and comprehensive core competitiveness of high-end substrate products, the company plans to invest in the construction of a high-end functional BOPET substrate production expansion project with an annual output of 103,000 tons. The project was implemented by Jiangsu Xingyuantai New Material Technology Co., Ltd. (“Xingyuantai” for short), a wholly-owned subsidiary of the company. According to the company's investment plan, the total investment amount of the project is estimated to be 1,652 billion yuan (the final total project investment is based on actual investment). The source of project funding is Xingyuantai's own capital and self-financing, and the construction site is located in Sihong, Jiangsu.
The project's production capacity has the dual market guarantee of “internal self-use and increased external export sales”. The production capacity digestion logic is clear and the support is sufficient. In terms of internal demand, the company currently has a large production capacity for products such as MLCC release film, OCA optical film, and functional protective film. After the project is put into operation, it can achieve full self-sufficiency in core substrates, and rigid internal demand can provide a stable basic market for project production capacity. In terms of external markets, downstream microelectronics, special optics, PCB precision manufacturing, automotive energy saving, industrial protection and other industries continue to thrive. A large number of domestic film, electronic materials, and optical manufacturers all have clear demand for high-end substrate import substitution, and the industry has broad scope for growth.
At the same time, after years of deep industry cultivation, the company has accumulated a large number of stable and high-quality downstream customer resources. The brand awareness and market recognition are high, and it can quickly achieve market-based promotion and batch delivery of new products. The project products cover a variety of high-end substrates, which can meet the differentiated and customized needs of customers in different segments, with strong market adaptability and wide customer coverage. Stable internal demand and a broad external market have laid a solid market foundation for long-term, efficient and stable digestion of project production capacity.