Cleanroom equipment Manufacturer Sheng Hui's chemical supplier is expected to the next half of the December 2017 cabinet, friends billion main customers for Taiwan, mainland China Semiconductor and leading panel manufacturers, friends billion and from the chemical supply system core skills into environmental reduction recycling business, the market bullish on friends billion in the first 3 quarters of this year, the profit greatly increased, After 30%, the 4th quarter of the operation still have the opportunity to even more 3rd quarter, next year hand-held orders more than a year's revenue, visibility of about 1 years. Friends with their core skills and access, cooperation with international manufacturers to develop waste organic solvent recovery Refining (SRS) system, and expand to water, gas and other related energy-saving, waste reduction, reuse, and with the Israeli seawater desalination companies to work together to win the Taiwan water Resources case, to become the future operation of new growth momentum. Friend billion chairman Liang said, can let Taiwan semiconductor and panel factory affirmed that the main product quality and the Mainland China layout time earlier caused. The chemical supply system affects the Chengliang rate of the system, and if the quality can be affirmed by the industry, including safety, stability, customer adhesion is relatively high. At present, the main customers include UMC, Taiwan United States Light (original Hua ya), South Asia, Friends Tatsu, the moon, Silicon, the mainland's largest wafer foundry core international, land OLED panel factory and FAI photoelectric, Land series panel giant huaxing Photoelectric, China Electric Panda and so on. Punk executive Vice president and spokesman Ma Wei said, China's strong development of the semiconductor industry, including memory, although this year to reduce the expansion of some of the deferred, but is now active in the future, the company from the semiconductor-related customers in the proportion of revenue will be slightly more, such as wafer manufacturers SMIC is continuing to expand production. Panel factory part, many of the Land series Panel factory is strongly expanding OLED capacity, are being developed. In addition, in the area of environmental reduction and recycling, the Taiwan Science Park is facing the problem of water resources, and it is expected that the government's tendering plan will be available in the last half of 2018, whether it be semiconductor, photoelectric, environmental protection and waste reduction, the overall growth opportunities. Liang, the chairman of St. Hui and Peng billion, said that the company was originally a 100%-owned subsidiary of San FAI, after the IPO, the shares have been diluted to 73%, 27% released into the investment market, until after the official IPO, the Holy FAI is legally regulated must be less than 70%, but the 70% threshold will no longer adjust the San Hui to the friend billion stake . Hope that through the IPO to retain talent, to win more support in the market, this move is not to marry the subsidiary, but to fight for more loved ones to cherish. There will also be more complementarities between the Saints and the Friends. Liang said that for 30 years, St. Hui focuses on the semiconductor, panel factory surrounding industry, but has not entered the semiconductor core wafer, or panel cell, color filter area, but in these areas of the chemical supply system market is quite good, almost more than 30% of the share, This part is in addition to the equity of cooperation, in addition to the Holy Hui also have a test, assembling customers, can also be introduced to the subsidiary of a friend billion, both sides of the business group not only a low similarity, but also can continue to expand. Liang said, San Hui plus friends at the same time clean room, mechanical and electrical capacity, and water purification niche, this team is not on the market. In the same individual department, there are many opportunities for system integration to provide holistic solutions. The combined revenue of 2015 and 2016 is NT $2.624 billion and 2.651 billion yuan respectively, the net profit is 150 million yuan and 264 million yuan after tax, EPS is 6.62 yuan and 9.83 yuan. The dividend policy of the last three years is also to repay the shareholder mainly, the allotment of dividend is 5 yuan (cash 3 yuan, stock 2 yuan), 4.0 yuan (cash 3.5 yuan, stock 0.5 yuan) and cash 6.0 Yuan. The market estimates that the future ownership of friends will increase by about 15%, the share capital from NT $299 million to raise to about 340 million yuan. Friends quoted market research data that the mainland gradually became the world's largest terminal electronics market, semiconductor demand forecasts will continue to strengthen in the next few years, 2017 market size is expected to reach $223 billion trillion, accounting for about 60% of global demand.
