Crystal Clear Electronic Materials
Its subsidiary Ruihong Suzhou is one of the earliest domestic producers to achieve mass production of i-line and KrF photoresists, while also holding a significant position in high-purity wet electronic chemicals.
i-line and KrF photoresists have achieved volume supply, with customers covering major domestic wafer fabs. Its wet electronic chemicals (high-purity hydrogen peroxide, sulfuric acid, etc.) lead the domestic market in production capacity.
Company Overview
Crystal Clear Electronic Materials was founded in 2001, headquartered in Suzhou, Jiangsu, and listed on the Shenzhen Stock Exchange in 2017. The company's core business consists of two major segments: semiconductor photoresists and wet electronic chemicals.
Its subsidiary Ruihong Suzhou is one of the earliest semiconductor photoresist R&D enterprises in China, with mature mass-production capabilities in i-line and KrF photoresists. In addition, Crystal Clear Electronic Materials is one of the largest domestic suppliers of semiconductor-grade high-purity hydrogen peroxide, widely used in wafer cleaning processes.
Core Business
KrF / i-line Photoresists (In Mass Production)
Ruihong Suzhou's KrF and i-line photoresists have achieved volume supply to domestic wafer fabs, making it one of the main forces in the industrialization of photoresists in China.
ArF Photoresists (Under Development)
ArF-level photoresists are under development, but mass-production breakthroughs have not yet been achieved.
Wet Electronic Chemicals
High-purity hydrogen peroxide, sulfuric acid, ammonia water, and other chemicals for wafer cleaning, with domestic-leading production capacity and purity.
Risks & Summary
Crystal Clear Electronic Materials' photoresist products are mainly concentrated in the mid-to-low end (i-line / KrF), while high-end ArF products have not yet broken through. However, its advantageous position in the wet electronic chemicals segment provides the company with stable revenue and cash flow support.