On August 24, SXYL Diamond Wire Saw Technology Group, the world's largest diamond wire saw "unicorn", officially IPO on the Shenzhen Stock Exchange.
The share capital of SXYL A shares is 4.0001 million shares, of which 37,575,780 shares will be listed for trading starting today, with an issue price of RMB 43.76 per share, and the total amount of funds raised is RMB 1,750,837,600.
SXYL Chairman Wu Ying said that the company will take this issuance and listing as a new opportunity to continue to use multi-dimensional innovation and unremitting efforts to strengthen corporate management and mission. While striving to promote the development of the green energy industry, we will copy the experience of silicon cutting in the photovoltaic industry to other high-end material cutting, expand the application field of diamond wire saws, continue to focus on the technological progress of the entire industry chain, and be the world's leading diamond tool manufacturing Service provider.
Upgrade the diamond wire saw "Made in China" to "Created in China"
SXYL's main product is electroplated diamond wire, which is mainly used for cutting hard and brittle materials such as photovoltaic silicon, crystal, magnetic materials, sapphire, etc. The electroplated diamond wire products have the following quality and performance advantages:
1. Stable quality and high consistency. The quality of the head, tail and the middle part of each coil of diamond wire saw is high, and the consistency of each batch of products is good.
2. The diamond particles are evenly distributed and have strong binding force. The company's diamond wire saw products have high fracture strength and stability; the diamond particles are uniformly distributed without agglomeration, which can ensure that the diameter of the diamond wire is uniform under different diamond densities; the coating is uniform, the bonding force is strong, no peeling and cracks, dense and smooth, and appearance Silvery white, beautiful color.
3. High cutting efficiency and low single chip line consumption rate. The company's diamond wire products have high cutting efficiency and can cut high-quality 8-inch monocrystalline silicon wafers within 1 hour, and the single-chip wire consumption rate is relatively low.
4. The cutting process has strong applicability and wide process window. The company's diamond wire products have low requirements for cutting technology, and downstream manufacturers can use a variety of machines for cutting; under general cutting conditions, downstream manufacturers can use a variety of company products to complete high-quality cutting.
5. The product can be customized.
The company can provide a variety of diamond wires that meet the different requirements of customers, including appearance dimensions (diameter, length, etc.), customized wire amount and cutting time, adjustment of thread depth, and equipment and customer process matching requirements; We can provide customized wire saw products for different customers and different machines.
Wu Ying said that since its establishment in 2015, SXYL has been focusing on the R&D, production and sales of electroplated diamond wire saws. Its products are mainly used for cutting hard and brittle materials such as crystalline silicon and sapphire. The company insists on technology-driven and innovation-driven.
SXYL's self-developed "six-line single machine" production line combined with international advanced technology enabled the company to seize the industry opportunity of domestic substitution of diamond wire in just two years after its establishment, and quickly became bigger and stronger. With the implementation of the "Five Modernizations" technical route and the technical integration of the entire industry chain, SXYL upgraded the diamond wire "Made in China" to "Created in China", and grew into a leading global diamond wire manufacturing service provider in all aspects. It is the Chinese photovoltaic industry An important participant in technological innovation and an important promoter of cost reduction and efficiency increase in China's photovoltaic industry.
Diamond wire market share in China, the world's leading
According to data from China Energy News, each wafer (about 4W) needs to consume about 1.5 meters of electroplated diamond wire; according to the "PV Installations Tracker-Q2 2018" and "PV Installations Tracker-Q2 2019" databases released by IHS Markit, in 2017, In 2018 and 2019 (forecast), the global new photovoltaic installed capacity will be 94.83GW, 103.79GW and 128.95GW respectively. According to the data of China Photovoltaic Industry Association, China's silicon wafer production capacity in 2017 accounted for about 83% of global silicon wafer production. Wire demand accounts for about 80% of the world. Based on the above information, it can be estimated that SXYL China and the global market share are 47.31% and 37.85% respectively, with the market share ranking first.
Strive to become the world's advanced diamond tool manufacturing service provider
SXYL plans to publicly issue no more than 40.01 million A shares, accounting for no less than 10% of the total share capital after the issuance. The proposed fundraising will be used for SXYL industrial park construction projects, R&D centers, high-efficiency diamond wire construction and supplementary liquidity.
The "High-Efficiency Diamond Wire Construction Project" in the fund-raising investment project plans to expand the production of 300 diamond wire production lines.
The company takes micron electroplated diamond wire as its main product, takes "leading technology, quality first, scale first" as its product research and development goal, "independent and domestically based" as its business strategy, and is supported by technological innovation. On the basis of ensuring leading technology, reliable quality and high cost performance, we strive to expand the product market share, provide users with tailor-made products and a full range of product services, achieve full coverage of market product varieties and needs, and become a global iconic diamond Wire manufacturer and service provider; while ensuring the company’s leading advantages in its main products, it will continue to expand the application range of diamond wire products, develop a variety of new diamond products, and strive to become a global advanced diamond tool manufacturer and service provider.