上市捷报丨沙利文祝贺南京茂莱光学科技股份有限公司成功登陆科创板(688502.SH)

Nanjing Maolai Optical Technology Co., Ltd. (Stock Code:688502.SH) on2023year3month9Successfully logged into the Sci-tech Innovation Board on the same day. As a provider of comprehensive precision optical solutions, Maolai Optics focuses on the research and development, design, manufacturing, and sales of precision optical devices, optical lenses, and optical systems. It serves the semiconductor industry (including lithography machines and semiconductor inspection equipment), life sciences (including gene sequencing and oral scanning, etc.), aerospace, autonomous driving, biometrics,AR/VRApplications such as detection. Frost & SullivanFrost & SullivanFrost & Sullivan, hereinafter referred to as 'Frost & Sullivan', hereby warmly congratulates the company on its successful listing.

Nanjing Maolai Optical Technology Co., Ltd. (hereinafter referred to as 'Maolai Optical') was established in2023year3month9The company was successfully listed on the stock market, with the number of shares issued being1,32010,000 shares, issue price per share69.72yuan.

The company focuses on the research, development, design, manufacturing, and sales of precision optical devices, optical lenses, and optical systems. Its products can be applied in semiconductors (including lithography machines and semiconductor inspection equipment), life sciences (including gene sequencing and oral scanning), aerospace, autonomous driving, biometrics,AR/VRHigh-end technology application fields such as detection;
The company has established a complete operation management system and marketing service system, with sales networks covering Europe, North America, the Middle East, and other countries and regions;
The company has already entered intoCamtek,KLAShanghai Microelectronics,ALIGNGoogle's parent companyAlphabetAutonomous Driving Platform under the GroupWaymo,Microsoft,Facebook,IDEMIABeijing Institute of Space Electromechanics and Automation508It has established long-term strategic partnerships with many globally leading high-tech enterprises and research institutions in key technology fields;
The company has a vast and complete product system, with up to700Yu Zhong, holding nearly80Registration and filing of medical devices both within and outside the province;
The company has established a complete intellectual property system and holds more than twenty invention patents.
The company has achieved multiple breakthroughs through the high integration of market and technology, becoming one of the earliest in China to700Nanogenomic sequencing optical module,30An optical enterprise specializing in the mass production of nano-wafar inspection optical modules and aerospace narrow-band four-color filters;

Frost & Sullivan has long been focusing on the global and Chinese precision optics industry, publishing a large number of research reports that are widely cited in the prospectuses of leading science and technology innovation board listed companies in the industry, helping clients accelerate growth.

Industry position

According to the company2021Based on the revenue estimate for the year, its market share in the global precision optical industrial application field is approximately2.4%According to different downstream application areas, the company's precision optical products are used in semiconductor equipment (mainly including semiconductor inspection equipment and lithography machines), life sciences (mainly including gene sequencing and oral healthcare), andAR/VRThe company ranks first among domestic enterprises in terms of global market share in application domains.

Precision Optical Market Overview

Since the birth of laser technology in the mid-20th century, precision optics has gradually become the backbone21One of the core technologies for high-tech development in the 21st century. Especially since last century90At the end of the decade, after the digital wave swept through optoelectronic application products, the optoelectronics industry, including the precision optical subfield, welcomed development opportunities. The scope of precision optical applications has also become increasingly broad, with various types of imaging output and input basically requiring the use of optical products, laying the foundation for the long-term development of the entire industry.

Industrial Precision Optical Market Overview

In recent years, driven by the demand in downstream application fields such as life sciences, semiconductors, and biometrics, the industrial-grade precision optics market has shifted from2019year110.6RMB 10 billion rose to2021year135.7RMB 10 billion, with an average annual compound growth rate of10.8%As a frontier of current technological development, semiconductors and life sciences will continue to attract significant investment in the coming years, with demand for industrial-grade precision optical products expected to expand.

In addition, in the metaverse, big data,AIDriven by technical concepts, coupled with the continuous upgrading of people's living and consumption concepts, autonomous driving andAR/VRand other fields show a trend of explosive development, driving the industryPrecision optical products offer broad prospects. It is estimated that the global industrial precision optical market size will grow from2022year159.4RMB 10 billion grew to2026year267.6100 billion RMB, with an average annual compound growth rate of13.8%.

Source: Frost & Sullivan report

semiconductor testing

Industrial Precision Optical Market Overview

The lithography machine is a key core device in the midstream of the semiconductor industry chain, focusing on wafer manufacturing and processing. The optical lens is one of the core components of the lithography machine, and as a precision optical component, it has very high requirements for size and accuracy. The entire exposure optical system of the lithography machine consists of dozens of lenses connected in series, and the precision of its optical devices needs to be controlled within a few nanometers, with extremely demanding requirements for error and stability.

Photolithography machines can be divided intoArFiphotolithography machine,ArFphotolithography machine,KrFphotolithography machine,i-lineLithography machines and extreme ultraviolet lithographyExtreme ultraviolet) etc., whereEUVAlthough it currently has the lowest sales volume share in the market, it ranks first in terms of sales revenue share due to its extremely high value. The future development trend is promising.

EUVIt is a wavelength-based13.5 nmExtreme ultraviolet lithography (EUV lithography) is a projection lithography technology with working wavelengths at the extreme ultraviolet range, which is a reasonable extension of traditional lithography technology to shorter wavelengths. As the next-generation lithography technology, EUV lithography has been entrusted by the industry with the mission of saving Moore's Law. EUV lithography optical technology represents the highest level of current applied optical development and is forward-looking.EUVResearch on key lithography technologies involves high project indicators, technical difficulties, numerous bottlenecks, a high degree of innovation, and severe foreign technological blockade.

The optical system is one of the most important functional components of extreme ultraviolet lithography technology. The bottleneck in core unit technologies such as ultra-high precision aspheric machining and inspection, extreme ultraviolet multilayer films, and integrated testing of projection objective systems has become an important factor restricting the development of extreme ultraviolet lithography technology in China. It also reflects the development direction of forward-looking optical science and technology.

2021In the year, the industrial-grade precision optics market in the global semiconductor equipment sector grew from22.3RMB 10 billion, an increase of2021year29.9100 billion RMB, with an annual compound growth rate of15.8%by2022At the beginning of the year, chips are still in short supply on the global market. It is expected that semiconductor manufacturers will continue to increase their investment in semiconductor manufacturing equipment, and it is anticipated that by2026The global industrial market scale for semiconductor equipment will reach55.81000 million RMB.

Source: Frost & Sullivan report

Life Sciences

Industrial Precision Optical Market Overview

From the perspective of research scope, industrial precision optical technology mainly covers optical sensing, optical manipulation, and optical imaging in life sciences and medicine, aiming to achieve the purpose of disease detection and treatment through a series of means.

Source: Frost & Sullivan report

2019In [year], the global industrial-grade precision optics market in the life sciences, mainly driven by gene sequencing and dental scanning, was28.61000 million RMB.COVID-19 pandemicAfter the outbreak of the pandemic, the global economy was severely affected, which had a certain impact on the manufacturing of gene sequencers.2020The annual related market scale dropped to25.8Yuan billion. As the epidemic gradually eases, market size is gradually recovering.2021more than301000 million RMB.2019Year-end2021Annual Compound Growth Rate over the Period3.1%expected2022Year-end2026In [X] years, the global industrial precision optics market size in the life sciences field will grow from35.0RMB 10 billion grew to52.5RMB 10 billion, with an average annual compound growth rate of10.7%.

Source: Frost & Sullivan report

This project is led by Yang Xiaocheng, Partner and Managing Director of Frost & Sullivan Greater China, with the participation of several core members from the Advanced Manufacturing Business Unit.

Frost & Sullivan has extensive research experience in advanced manufacturing, automotive and transportation industries. It assists well-known enterprises in successfully accessing the capital market. Successful listings include: Hesai Technology (HSAI.NASDAQ), Yikatong Technology ECX.NASDAQ), Buyang International2457.HK), Newton GroupNWTN.NASDAQ), Zhongchuang New Aviation3931.HK), Leapmotor9863.HK), Deutsche Bank Worldwide2418.HK), Kuaidao Taxi2246.HK), NIO AutoNIO.SGX), NIO Auto9866.HK), Canggang Railway2169.HK), Yanguang PearlYGMZ.NASDAQ)Asia Express8620.HK),InfinityL&T（1442.HK),TOMOHOLDINGS（6928.HK), iFlytek IntelligenceEH.NASDAQ), Aodima8418.HK), Xiangxing International8157.HK), CIMC Trucks1839.HK), Xunlong1930.HK), CSSC Leasing3877.HK), Chengdu Expressway1785.HK), Tianrui Auto Interior (6162.HK), Beping Holdings2885.HK), Huazhi International2258.HK), Pulin Mountain Formation1809.HK), NIO AutoNIO.NYSE), Wanlida8482.HK), Qilu Expressway1576.HK), Yingheng Technology1760.HK), Asia Industry1737.HK), Ruifeng Power2025.HK), Gaomeng Technology8065.HK), Hebei Yichen1596.HK), Zhengli Holdings8283.HK), JunGao Holdings8035.HK), Yadi Group1585.HK), Yihai Car RentalEHIC.NYSE), Xincheng Power (1148.HK), Zhengxing WheelsZX.NYSE), Shuanghua Holdings1241.HK), Changfeng Axle (1039.HK).