Policy: Support the research and development of optoelectronic materials and help improve the strength of industrial manufacturing
The "Thirteenth Five-Year Plan" special plan for scientific and technological innovation in the field of materials", "Opinions on Several Policies for Further Promoting the High-quality Development of the Optoelectronics Industry", "The 14th Five-Year Plan" Raw Material Industry Development Plan", "Implementation Plans for Promoting the High-quality Development of New Energy in the New Era" The "Notice" and other policies propose that China should strengthen the production technology research and development of optoelectronic materials such as large-scale silicon materials, large-scale silicon carbide single crystals, and high-purity luminescent materials, and support material production and application enterprises to cooperate with scientific research units to develop wide-bandgap semiconductors and display materials. Coordinated research on key materials for integrated circuits and integrated circuits, and guide enterprises to use new-generation information technologies such as the Industrial Internet on the basis of optimizing production processes to enhance the comprehensive competitiveness of steel, high-performance membrane materials, and new fiber materials for advanced manufacturing of basic components. Promote the improvement of the manufacturing strength of China's optoelectronic material industry, and help the development of smart electronics, new energy, new energy vehicles and other industries.
Industry chain: The market in some subdivided fields is growing rapidly, and the industry has a broad space for development
OLED materials are one of the key segments of the optoelectronic materials industry. From 2015 to 2021, the output of my country's OLED materials industry will increase year by year, and the market size will continue to develop. In 2020, the domestic output of OLED materials will reach 3.6 tons, a year-on-year increase of 51%; in 2021, the growth rate of market demand will maintain, the industry output will further break through, and the OLED material market will grow to 876 million yuan. Affected by multiple factors such as the epidemic and market demand, at present, the overall scale of my country's optoelectronic material market is stable at around 3 billion yuan. With the accelerated growth of demand in emerging industries such as smart cities, solar power generation, and new energy vehicles, it will continue to provide impetus for the development of my country's optoelectronic materials industry, and the industry has a broad space for development.
Enterprise structure: Business profits are increasing year by year, and we continue to pay attention to product technology research and development
In the first half of 2022, the operating income and cost of Fosu Technology's optoelectronic materials business were 280 million yuan and 164 million yuan, respectively, with a year-on-year change rate of 14.06% and -1.37% respectively; the business gross profit rate reached 41.5%. From 2019 to 2022, thanks to the growth of downstream emerging application market demand and the company's good raw material cost control ability, Fosu Technology's optoelectronic material business has accelerated its development, and its business profitability has increased year by year. At the same time, in order to improve the competitiveness of products in the corporate market and increase the variety of corporate products, Fosu Technology continues to focus on the field of new material products such as optoelectronic materials, increase investment in corporate product and technology research and development, and continuously strengthen independent innovation and research and development projects. In 2022, 1- In June, the company invested 69.4025 million yuan in research and development, a year-on-year increase of 19%.
Development trend: domestic high-end production capacity continues to increase, and the industry market accelerates expansion
With the expansion of the downstream application fields of the industry to high-tech and intelligent technology fields such as smart home, smart transportation, smart city, and artificial intelligence, the industry demand market continues to grow, and the industrial market is accelerated to expand. At the same time, emerging high-tech application industries have more high-end, intelligent, and miniaturized consumer demand for optoelectronic components, and put forward higher standards for the performance of optoelectronic material products such as conductivity and transmission efficiency. The demand for domestic high-end production capacity continues to grow. Optoelectronic materials Enterprises accelerated the construction of high-end production capacity, and the localization rate of high-end optoelectronic materials in the market continued to increase.
Keywords: optoelectronic material industry policy, optoelectronic material industry status, optoelectronic material industry industry chain, optoelectronic material industry development trend
1. Policy: Support the research and development of optoelectronic materials and help improve the strength of industrial manufacturing
"Guidelines for the Development of New Materials Industry", "The 13th Five-Year Plan" Special Plan for Scientific and Technological Innovation in the Field of Materials", "Opinions on Several Policies for Further Promoting the High-quality Development of the Optoelectronics Industry", "The 14th Five-Year Plan" for the Development of Raw Materials Industry "On Promoting the New Era The "Notice of the Implementation Plan for the High-quality Development of New Energy" and other policies propose that in order to cater to and meet the needs of the domestic "dual carbon" development strategy and the needs of information and communication industries, China must strengthen the use of large-size silicon materials, large-size silicon carbide single crystals, and high-quality materials. Research and development of optoelectronic materials production technology such as pure luminescent materials, support material production and application enterprises to cooperate with scientific research units, carry out collaborative research on wide bandgap semiconductors and display materials, key materials of integrated circuits, etc., and guide enterprises to use the industrial Internet on the basis of optimizing production processes and other new-generation information technology, enhance the comprehensive competitiveness of steel high-performance film materials and new fiber materials for advanced manufacturing basic parts, continue to promote the improvement of China's optoelectronic material industry manufacturing strength, and help the development of smart electronics, new energy, new energy vehicles and other industries .
2. Industrial chain: the market in some subdivided fields is growing rapidly, and the industry has a broad space for development
Optoelectronic materials refer to materials used to manufacture various optoelectronic devices (mainly including various active and passive photoelectric sensors, optical information processing and storage devices, and optical communications, etc.), mainly including infrared materials, laser materials, optical fiber materials, nonlinear optical materials, etc. , can be applied to photographic photography, projection, security, smart car, smart projection, biological detection, semiconductor manufacturing, smart home, smart transportation, smart city, artificial intelligence, Internet of Things, Metaverse, photovoltaics and other industrial fields. It is an industrial manufacturing One of the important basic industries for industry development.
As of December 29, 2022, Brent and WTI crude oil futures prices closed at US$82.26/barrel and US$78.4/barrel respectively. Since the outbreak of the global epidemic, the price of the international crude oil market has been rising all the way, superimposed on the impact of the Russia-Ukraine conflict that broke out in February 2022. In 2022, the price of the international crude oil market will remain high for a long time, which will put greater pressure on the smooth operation of my country's oil market and continue to affect the domestic market. The transaction price of the bulk commodity market has caused changes in the domestic optoelectronic material market.
Polypropylene is one of the representative raw material products required for the production of optoelectronic materials industry. From 2021 to June 2022, the market price of polypropylene in my country will continue to rise, which will bring greater raw material cost pressure to some domestic optoelectronic material manufacturers. In the second half of 2022, affected by OPEC's downward adjustment of global demand forecasts and the West's actions to curb Russian oil exports, international oil prices will fall as a whole, and the market prices of bulk raw materials required for the production of my country's polypropylene and other optoelectronic materials will decline. As of December 30, 2022, the market price of polypropylene in my country is 8075 yuan/ton, a decrease of 40% from the previous month.
OLED materials are one of the key segments of the optoelectronic materials industry. From 2015 to 2021, the output of my country's OLED material industry will increase year by year, and the market scale will continue to develop. In 2020, the domestic output of OLED materials will reach 3.6 tons, a year-on-year increase of 51%; in 2021, the growth rate of market demand will maintain, the industry output will further break through, and the OLED material market will grow to 876 million yuan. Affected by multiple factors such as the epidemic and market demand, at present, the overall scale of my country's optoelectronic material market is stable at around 3 billion yuan. In order to meet downstream consumer demand, break through technical level limitations, and promote industry development, since the beginning of the 21st century, my country's research and development investment in the field of optoelectronic materials has continued to increase, and the number of related technology patent applications has continued to increase. In 2022, the number of patent applications in the field of optoelectronic materials in my country will reach 337, and the level of domestic optoelectronic material technology will continue to improve.
In recent years, the market size of traditional application fields of optoelectronic materials such as photography, projection, and security has gradually shrunk, but the accelerated growth of demand in emerging industries such as smart cities, solar power generation, and new energy vehicles continues to provide impetus for the development of my country's optoelectronic materials industry. From January to November 2022, the new installed capacity of my country's photovoltaic power generation industry will be 65.71 million kilowatts, and the cumulative installed capacity of the industry will reach 372 million kilowatts. They are 106.85% and 100.6% respectively.
3. Enterprise structure: Business profits are increasing year by year, and we continue to pay attention to product technology research and development
The photoelectric materials produced by Fosu Technology include polarizing film, roughened electrical film, high temperature resistant capacitor film and other products, which are mainly used in liquid crystal display, UHV power transmission and transformation projects, power grid projects, capacitors, new energy, new energy vehicles and other industries. In the first half of 2022, the operating income and cost of Fosu Technology's optoelectronic materials business were 280 million yuan and 164 million yuan, respectively, with a year-on-year change rate of 14.06% and -1.37% respectively; the business gross profit rate reached 41.5%. From 2019 to 2022, thanks to the growth of downstream emerging application market demand and the company's good raw material cost control ability, Fosu Technology's optoelectronic material business has accelerated its development, and its business profitability has increased year by year.Related report: "2023-2029 China Optoelectronic Materials Industry Market Research Analysis and Strategic Consulting Research Report" released by Zhiyan Consulting In 2021, the production and sales volume of Fosu Technology's optoelectronic materials will be 10138.04 tons and 10122.85 tons respectively, with year-on-year change rates of 24.6% and 20.42% respectively. With the accelerated development of downstream photovoltaics, new energy vehicles and other industries, the production and sales of Fosu Technology's optoelectronic materials continue to improve, which continues to drive the growth of the company's operating income. In the first half of 2022, the investment in research and development of Fosu Technology reached 69.4025 million yuan, a year-on-year increase of 19%. In order to improve the product competitiveness of the enterprise market and increase the types of enterprise products, Fosu Technology continues to focus on the field of new material products such as optoelectronic materials, increase investment in enterprise product and technology research and development, continuously strengthen independent innovation and research and development projects, and enhance the enterprise's optoelectronic material research and development and production level and consolidate the company's market position in the industry.