Dragon Optical (300 029) R & D focused their attention on high-margin _ysxbt backing.

China Securities Journal, the article text 2011-01-25 08:33 <wbr> ���� <wbr> <wbr> <wbr> <wbr> significant growth this year is no suspense <wbr> <wbr> <wbr> <wbr> <wbr .> January 10, 2011, Dragon Optical (300 029) of the photovoltaic equipment manufacturing plant is a little empty, the original deposited silicon growth furnaces have basically sold out. .Factory, the workers told the China Securities News, since the second quarter of 2010, the single crystal silicon growth furnaces have been in short supply state, the company product line expansion to 70% at full capacity, is still difficult to meet market demand. .<wbr> <wbr> <wbr> <wbr> 2011 Denon years many types of optical business, "full flowering" of the crucial year. .Dragon Optical Deputy General Manager Chen Liu told the China Securities News, following the realization of single crystal silicon growth furnaces leading domestic market share, the company has already done the polycrystalline silicon ingot furnace and slicing machine for mass production of polycrystalline silicon ingot furnace and slicing machine .heavy volume in 2011. .<wbr> <wbr> <wbr> <wbr> addition to photovoltaic devices, Dragon Optical is also generous, "betting" newer than the photovoltaic device LED equipment market, mass production of LED sapphire 2011 growth furnace. .The reason is, photovoltaic equipment, crystal growth furnace import substitution has been basically completed, and the LED device market basically did not start the import substitution, Dragon intends to seize the LED optoelectronic devices made of the "first chair." .<wbr> <wbr> <wbr> <wbr> market share leader in <wbr> <wbr> <wbr> <wbr> steady growth of single crystal silicon growth furnaces <wbr> <wbr> <wbr> <wbr> 2005, the .Denon a chance opportunity to make a production of photovoltaic from the traditional ball-based PV equipment manufacturers transition to the upstream device manufacturers, and became the first areas cut into the silicon business growth furnace. .<wbr> <wbr> <wbr> <wbr> Thereafter, the Dragon silicon photovoltaic equipment sales growth furnace climbing, formed a relatively stable customer resources and sales channels, and in 2009 landed the GEM. .<wbr> <wbr> <wbr> <wbr> this point, the PV industry, import substitution upstream of the device known only gradually, revealing a great potential for development. .The PV market in 2010 the rapid development of photovoltaic equipment for many domestic provided a rare opportunity for development. .<wbr> <wbr> <wbr> <wbr> Chen Liu said that the supply and marketing PV products in 2010 very well, so the number of imported PV equipment production can not meet the needs of the domestic photovoltaic market demand gap for many new emerging .domestic equipment manufacturers to provide a survival and development, now China has formed, including Dragon Optical, Beijing Express Beijing, Shanghai, Han Hong, Yu Jingsheng Zhejiang on several large equipment manufacturers. .<wbr> <wbr> <wbr> <wbr> It is because of the development in 2010, China's photovoltaic silicon growth furnaces have basically completed the import substitution, localization rate of up to 90%, are buying monocrystalline silicon growth furnaces .domestic photovoltaic companies have very few because of the domestic equipment is technically close to international standards. .Dragon Optical <wbr> <wbr> <wbr> <wbr> first three quarters of 2010, produced more than 500 silicon growth furnaces, is expected to realize an annual output of 700 is not a problem. .The 2009 production of the company's silicon growth furnaces, only 400 sets. .Dragon Optical is currently the market share of single crystal silicon growth furnace has reached 20% -30%. .<wbr> <wbr> <wbr> <wbr> Dragon Optical IPO raised investment projects show, the company will establish an annual output of 1,200 single crystal silicon growth furnace production line. .In response, Mr Liu said that to achieve this goal, the requirements of the market share is very high. .<wbr> <wbr> <wbr> <wbr> fact, Dragon Optical's interest has quietly emerged transfer. .Mr Liu said that in 2011 the company will not simply pursue the production and sales of single-crystal furnace volume, the company's strategic focus will be gradually shifted from single crystal to polycrystalline furnace furnace transfer. .<wbr> <wbr> <wbr> <wbr> Chen Liu opinion, the growth of single crystal silicon growth furnaces business has entered the "stable period", as more competitors entering the next competition will be more intense, .The company will strive for in the field of existing market position, but the future will focus more on developing new equipment. .<wbr> <wbr> <wbr> <wbr> yields close to international standards <wbr> <wbr> <wbr> <wbr> polycrystalline ingot furnace "Posterior" <wbr> <wbr> <wbr> <wbr> in .silicon growth furnaces after the basic completion of import substitution, the next will be on stage, and biopsy of polysilicon ingot furnace and other high-tech equipment. .<wbr> <wbr> <wbr> <wbr> Chen Liu said frankly to the China Securities Journal, the upstream photovoltaic devices, a high degree of localization are basically low value-added equipment, the equipment is usually high value-added .monopoly of the international companies, some domestic ingot furnace to try and make the equipment only be able to "cross the river by feeling the stones." .<wbr> <wbr> <wbr> <wbr> It is understood that the localization rate of polycrystalline silicon ingot furnace only about 20%. .The U.S. GT <wbr> Solar domestic polysilicon ingot furnace occupies more than 70% share, while domestic production of polysilicon ingots furnace equipment manufacturers less, Seiko Technology, Shanghai, Hong Han Precision (Japan), Beijing and the Beijing Express .where the electric field of 48 go relatively early, which Seiko technology in the second half of 2010 began to take over the order. .<wbr> <wbr> <wbr> <wbr> compared to the "champion", Dragon Optical polysilicon ingot furnace equipment, the "striking" is facing many challenges. .<wbr> <wbr> <wbr> <wbr> The first is how to quickly develop the market. .In this regard, in addition to full use of single crystal silicon growth furnaces customer resources accumulated, the Denon 2011 will build photovoltaic polycrystalline silicon ingot furnace pilot demonstration plant project, building a 50-75 MW of polysilicon film production line, you can complete demonstration .ingot furnace equipment, stability and yield situation. .<wbr> <wbr> <wbr> <wbr> China Securities Journal reporter saw 15 for project preparation has been polysilicon ingot furnace plant in ready. .At present, polycrystalline silicon ingot furnace Dragon Optical yield was 68%. .This level is close to international standards. .Analysts said that, if the 2.8 million yuan / set prices, the company's gross profit margin of the business up to 40%. .<wbr> <wbr> <wbr> <wbr> However, in many of the industry view, the PV market in 2011 will be a year of relatively stable, difficult to reproduce the high growth in 2010. .This means that the equipment downstream customer demand will be discounted, which could have introduced new products to bring a certain extent. .<wbr> <wbr> <wbr> <wbr> Nevertheless, Chen Liu on furnace ingot sales in 2011 was full of confidence, he said, the company compared with other domestic enterprises, the company's reputation in the industry, customers, etc. .has certain advantages. .It is understood that some photovoltaic solar companies have expressed to the Denon polycrystalline ingot furnace equipment purchase orders intentions. .<wbr> <wbr> <wbr> <wbr> addition ingot furnace, Dragon Optical will begin in 2011 volume sales wafer cutting machine, the device used to slice silicon wafers made into a link, the company's silicon .film cutting machine in 2010, has small batch production. .<wbr> <wbr> <wbr> <wbr> According to reports, both the ingot furnace or a slicing machine, the production cycle, but four or five months, so it is difficult to predict the year 2011, orders. .However, many PV companies are optimistic about the crystal furnace, ingot casting furnaces, cutting machines and other photovoltaic equipment market. .Chen Liu's view in accordance with the global photovoltaic equipment manufacturing industry to shift the trend is clear in China, domestic equipment manufacturers for development or the overall optimistic, but whether there is explosive growth also depends on demand growth in the domestic PV market. .<wbr> <wbr> <wbr> <wbr> localization "ice-breaking" <wbr> <wbr> <wbr> <wbr> preparing for LED devices to capture the lead <wbr> <wbr> <wbr> <wbr> "Now we .do photovoltaic saw can make money, in fact, LED lighting market than the PV market update, more potential. "Mr Liu told the China Securities News, and some equipment at home photovoltaic area has been ongoing for some time, and LED .upstream equipment in China can be said that no "ice-breaking", the basic need to import key equipment. .Dragon Optical <wbr> <wbr> <wbr> <wbr> After a year of technical reserves, the intention of mass production in 2011 sapphire LED materials growth furnaces, and as a notch in the LED industry chain looking for the whole device .the next "breakthrough." .<wbr> <wbr> <wbr> <wbr> It is understood that foreign manufacturers of sapphire production process there is no export restrictions, and the price is expensive. .However, only the price advantage does not guarantee the sapphire growth furnace will be able to heavy volume. .The reason is, Dragon Optical, as the few equipment manufacturers involved in the field, while the production side of the need to develop the market. .After all, the market has just begun. .<wbr> <wbr> <wbr> <wbr> now, still can not determine the Dragon LED optoelectronic materials growth furnaces sapphire specific capacity in 2011. .The reason is that the release of capacity constraints in several aspects, in addition to the company's own production conditions, there are aftermarket sapphire technology to support the growth furnace, because the sale of the device debugging is very important, is also very labor intensive, in addition, the device .subject to the upper reaches of the number of key components, this part of the company made some parts, and some need or other domestic manufacturers from foreign countries to buy. .<wbr> <wbr> <wbr> <wbr> Nevertheless, the sapphire growth furnace industry market prospects are still very good. .Analysts said that the current price of sapphire growth furnace is very expensive, and domestic demand is very large, localization rate of products with higher gross margins than more photovoltaic devices. .<wbr> <wbr> <wbr> <wbr> Also, Denon is more optimistic about the LED optical whole industry chain of equipment. .The company is investing huge human and material resources, digging for talent, investment fund independent research and development of equipment, hoping to find the next breakthrough. .<wbr> <wbr> <wbr> <wbr> CITIC Securities researcher TANG Chuan said that with the Denon and sapphire optical silicon ingot growth furnaces furnace to start mass production, these two high-margin products will drive growth in new wave of performance of the company, its .Company sales in 2012 will account for 44% of equipment revenue. .<wbr> <wbr> <wbr> <wbr> results for 2011, Mr Liu said that in 2011 there will be, including ingot furnace, cutting machine, sapphire growth furnaces and other types of equipment, while mass production, the results will certainly be .significant growth; but it should also take into account the company's huge R & D investment, may have results of short-term adverse effects. .Sharing top.