China's leading polyimide film/PI film for FPC/FCCL substrate manufacturer AHGF Polymer Technology Group recently released a semi-annual performance forecast. The report shows that the profit in the first half of this year has increased significantly compared to last year. In addition, AHGF plans to raise 902 million yuan to build 6 PI film production lines.
AHGF's 2020 semi-annual performance forecast shows that the company last year was expected to make a profit of 22.8 million-29.6 million yuan, and a profit of 14.9255 million yuan in the same period last year, a year-on-year increase of 50%-100%.
AHGF mainly produces and sells packaging film materials such as biaxially oriented polypropylene film and biaxially oriented polyester film, pre-coated film materials, capacitor films, polyimide films, polymer functional film materials and electronic information film materials.
AHGF disclosed the progress of the polyimide film project in the first half of this year: the company has mastered the full set of core technologies for the formulation and production process of polyimide film in the field of flexible circuit boards, and independently developed polyimide for masking. Black film, and has entered the product sample verification stage. In addition, the company further increased R&D investment, built a polyimide film test line, equipped with a set of international advanced analysis and testing instruments, and actively prepared technical reserves for the development of the polyimide film industry.
On August 17, 2017, in order to accelerate the industrial transformation and upgrading of enterprises and develop high-end functional film materials, the polyimide black film investment fund was 179 million yuan to invest in the construction of "180 tons of high-performance microelectronic grade polyimide film materials per year." ". The project plans to build 2 domestic production lines of polyimide film, with an annual output of 180 tons of polyimide film. The project construction period is 1.5 years, and the main products are 12. 5μ-25μ high-end electronic substrate film, cover film, and high thermal conductivity carbon-based film.
The project production line began equipment installation and commissioning in December 2018, and completed all installation and no-load commissioning work in June 2019 and started commissioning. After the feed, the production line equipment and supporting facilities are operating stably, the film formation is good, the product thickness uniformity, mechanical performance, electrical performance and other indicators have reached the advanced level of domestic counterparts, and the test run has reached the expected goal.
Starting from October 2019, polyimide film products have entered the stage of sample delivery verification. At present, the stable mass production of electronic grade polyimide film products has been basically achieved. The products have successively passed the EU REACH and ROHS and the US UL certification, and have been verified by many downstream customers, and some customers have achieved mass use.
On April 16, 2020, AHGF raised funds through a non-public offering to invest in the "High-performance Microelectronic Grade Polyimide Film Material Project", with a total investment of 902 million yuan, mainly used for the construction of six polyimide film production lines Costs and equipment purchase costs, of which two production lines need to be self-raised in advance.
After the start of the project, it is expected that the annual output of polyimide film will be 790 tons when the capacity is reached. The project aims to improve the company’s production capacity of polyimide film products, conform to the high-performance development trend of the film material market, alleviate the imbalance between the supply and demand of high-performance products in the market, and conform to the technological progress and industrial upgrading of the film material market. An important move of the company.