Feikai Materials: The company's competitive advantages mainly lie in product layout, technological accumulation, research and development innovation, and customer relationships.

Securities Daily Network News: On March 9th, Feikai Materials responded to investor questions on the interactive platform, stating that the company’s competitive advantages mainly lie in product layout, technological accumulation, R&D innovation, and customer relationships. First, the company’s photoresist products have established a clear layout: in the display panel field, the company’s positive and negative photoresist products have been certified and purchased by major domestic display panel manufacturers, forming a stable revenue stream; in the semiconductor field, the company focuses on key materials for mature processes. Among them, i-line photoresist and KrF lithography supporting Barc materials are mainly supplied to large domestic semiconductor manufacturing and packaging companies, all of which have achieved stable mass production, but their impact on the company’s revenue is limited. At the same time, the company’s self-developed thick film negative photoresist for advanced semiconductor packaging can well adapt to 2.5D/3D advanced packaging processes, with excellent performance such as high resolution. This product has completed verification and is being introduced to clients, but has not yet achieved mass production, so its impact on revenue is limited. Second, the company has the ability to achieve vertical integration and supply chain collaboration, realizing a vertical layout from fine chemical raw materials to high-end functional materials. This helps maintain supply chain security and cost competitiveness, making the company’s profitability more resilient. Additionally, relying on strong product R&D and innovation capabilities, high-quality services, and good reputation, the company has gained the trust of many domestic and international customers and established long-term stable partnerships, thereby forming a sustainable business foundation and joint innovation mechanism.

(Edited by Cong Kexin)