Roshow Technology Co., Ltd. (hereinafter referred to as “Roshow Technology”) announced the “Announcement on the Progress of the Company’s Silicon Carbide Project” on November 8, 2021. Roshow Technology announced that the first phase of Hefei Roshow Semiconductors has completed the main The installation and commissioning of the equipment has entered the stage of formal production. In the follow-up, the company will complete the further expansion of production capacity according to the market order situation and the first phase of production.
Source: Screenshot of Roshow’s official website
Roshow Technology’s 2021 third quarterly report shows that the company’s main revenue is 2.676 billion yuan, a year-on-year increase of 39.93%; in the third quarter of 2021, the company’s single-quarter main revenue is 821 million yuan, a year-on-year increase of 6.94%.
According to official sources, the completion and commissioning of the silicon carbide project has enabled the company to achieve a breakthrough in the domestic 6-inch conductive silicon carbide substrate, and in line with the huge demand in the downstream electric vehicles, charging piles, photovoltaic new energy and other markets, it will have a significant impact on the company’s operating performance in the future. positive influence.
According to official information, Roshow is mainly engaged in silicon carbide business, photovoltaic power generation business, and enameled wire business. Among them, the silicon carbide business is mainly for the production and sales of silicon carbide substrate wafers, epitaxial wafers and crystal growth furnaces.
It is reported that on October 16, 2020, Roshow Technology signed the “Joint Venture Agreement” with Hefei Beicheng and Changfeng Tetrahedron. The agreement stipulates that the three parties will cooperate in the investment and construction of the “third-generation power semiconductor (silicon carbide) industrial park project in Changfeng County, Hefei.” ”, and jointly invested in the establishment of a limited liability company as the project company of this project. The joint venture company is “Hefei Roshow Semiconductors Materials Co., Ltd.” (hereinafter referred to as “Hefei Roshow Semiconductors”), with a registered capital of 200 million yuan, of which Roshow Technology accounts for 47.5%.
Subsequently, on June 25 and October 29, 2021, Hefei Roshow Semiconductors experienced two rounds of capital increase. Currently, Roshow Technology holds a 50.98% stake in Hefei Roshow Semiconductors, and Hefei Roshow Semiconductors has become a holding subsidiary of the company.
Before this round of capital increase, in order to better focus on the silicon carbide industry, further improve the company’s asset structure, and enhance the company’s sustainable development and profitability, Roshow Technology will also hold a wholly-owned subsidiary, Zhejiang Lutong Electromechanical Co., Ltd. 100% of the shares were transferred at a price of 250 million.