Longhua Technology Group (Luoyang) Co., Ltd. stated in response to investor inquiries that with the continuous evolution of thin-film solar technology, particularly the rapid development of technical routes such as perovskite and heterojunction, the market has presented new demands for related supporting materials. In recent years, the company has achieved steady development in the field of ITO targets for photovoltaics. Despite the overall challenges faced by the photovoltaic industry over the past two years, the company has persistently tracked the development trends of next-generation PV technologies, focusing on thin-film battery directions like heterojunction and perovskite through a combination of industry-academia collaboration and internal R&D.
During this process, the company is paying close attention to the evolutionary trends of next-generation TCO (Transparent Conductive Oxide) materials, with a primary focus on technological development pathways aimed at reducing indium content and lowering costs. In July 2024, the new 500-ton capacity of Jinglian Optoelectronics officially commenced production, further enhancing the company's mass production capability of ITO targets for the photovoltaic field and marking the substantial completion of its industrial layout in the PV market.
Based on the aforementioned industry status and the company's development plans, its recent strategic layout in the photovoltaic materials sector has primarily unfolded along two main lines. The first is the research, development, and application of IZO (Indium Zinc Oxide) targets; this product is mainly targeted at the perovskite battery sector. Although large-scale downstream production capacity has not yet materialized, it has already been implemented in numerous laboratories and pilot lines, positioning it as the next-generation TCO target product the company is prioritizing after ITO targets.
According to market feedback, the company's current IZO targets outperform industry peers in key performance indicators such as mobility and conversion efficiency, demonstrating outstanding performance on test lines. The second line involves the R&D of AZO (Aluminum-doped Zinc Oxide) targets, focusing on advancing the development of new doping systems and striving to enhance core product properties like durability and radiation resistance, thereby further完善ing the company's portfolio in this material area.
Furthermore, the company is concurrently advancing the development of other TCO materials, such as nickel oxide, and has overall established a relatively systematic product plan for TCO materials. Beyond this, the company is also actively cooperating with relevant national model projects to provide precious metal target products, including gold targets, for fields such as photovoltaics.
Overall, the company has established a tiered layout system in the photovoltaic materials field, spanning from first to third-generation products, and is continuously promoting technological iteration and the practical implementation of market applications.