BOE HC SemiTek Corporation
华灿光电
300323
Shenzhen Stock Exchange
Company Profile
1、Industry-Leading Technological Innovation Strength and Internationally Competitive Technical Team The Company adheres to technology leadership and innovation-driven development, continuously increases R&D investment, strengthens forward-looking technology layout and product development, achieves product competitiveness through technological innovation, and vigorously promotes the building of its technical team, forming an internationally competitive R&D team. The core members of the team consist of numerous returnee doctors, experts from Taiwan, China, and senior industry professionals with profound compound semiconductor expertise and extensive industrial experience. Core technical personnel have long been engaged in R&D in related fields at renowned universities and leading LED enterprises at home and abroad, possessing internationally advanced capabilities in basic research, product development and application. The Company has established a Technical Expert Committee covering various fields of its operations, focusing on the iteration and upgrading of existing mass-production technologies, as well as in-depth development and mass-production breakthroughs in future forward-looking technologies such as Micro LED. Meanwhile, the Company fully leverages its industrial chain integration advantages to achieve full-process technology connectivity and comprehensive technological advancement from substrate wafers, PSS, epitaxy to chip manufacturing. 2、Remarkable Scale Advantages and Excellent Lean Management Capabilities Currently, the Company ranks among the first-tier players in the LED chip industry, with leading advantages in production capacity scale, capital strength, customer resources and brand awareness. Relying on its advanced technologies and stable product quality, the Company has become a chip supplier to mainstream LED packaging and application enterprises at home and abroad, earning wide recognition and trust from customers. The Company actively optimizes the product structure of its production lines, promotes the implementation of capacity expansion plans, and builds large-scale production lines for cutting-edge products such as Micro LED. It coordinates and optimizes the LED industrial chain layout from substrate, PSS and epitaxy to chips, continuously expanding its scale advantages and adding nearly 100 high-margin product models. Incorporating BOE’s advanced manufacturing management philosophy, the Company has gradually implemented hardware upgrades and management optimization measures in production line layout, capacity utilization improvement, automation upgrading, yield enhancement, raw material cost reduction and labor efficiency improvement. As a result, factory production capacity has steadily increased and unit manufacturing costs have decreased significantly. The Company has further deepened its production-supply-marketing coordination mechanism and product introduction mechanism, accelerating customer-oriented chip development and ensuring stable supply to customers. 3、Leading Positions in Multiple Segments, High-Quality Customer and Supply Chain Resources Since its establishment, the Company has focused on the R&D, production and sales of LED chips, adhered to a customer-centric approach and provided customers with comprehensive chip-level solutions. Its LED chip products are widely used in consumer electronics such as televisions, computers and mobile phones, indoor and outdoor displays, ultra-high-definition displays, automotive lamps, various lighting applications, UV and IR markets, achieving industry-leading positions in multiple segments. The Company’s segmented product portfolios cover both general-purpose products to meet mainstream market demand and customized solutions to satisfy tailored requirements, with its market share and ranking steadily rising. Through in-depth cooperation with industrial chain partners, the Company has accumulated high-quality customer relationships and premium supply chain resources. Upholding a customer-oriented philosophy, the Company consistently focuses on customer needs and creates value for customers, while promoting industrial development through long-term technological innovation. It has gained recognition and trust from numerous highly synergistic key customers, forming win-win strategic partnerships. The Company maintains friendly and long-term in-depth cooperation with suppliers, continuously strengthens supply chain management, enhances supply chain resilience, and establishes a sound upstream and downstream ecosystem. Together, the Company and its partners provide customers with integrated chip-level solutions, enabling innovation collaboration and value co-creation. 4、Optimized Quality System to Build a Strong Product Quality Moat During the reporting period, the Company strictly implemented its quality policy, quality objectives and procedural documents, and persisted in continuous improvement based on actual operation. It has continuously upgraded and improved its quality management system from three aspects: optimization of systematic standard processes, improvement of production process quality control, and enhancement of product evaluation and verification, with a particular focus on the production and application of high-reliability products such as automotive-grade chips, thus forging a solid quality moat for its products. To further strengthen customer service, the Company has systematically sorted out and improved the quality complaint handling process. From capturing customer issues, dispatching teams to the site promptly to provide temporary solutions, conducting root cause analysis and issuing improvement plans, to verifying effectiveness to ensure problem resolution, all professional teams participate collaboratively, improving the efficiency of full-process quality issue handling. 5、Patents As of December 31, 2025, BOE HC Semitek and its subsidiaries held a total of 1,991 patents and software copyrights, including 1,202 granted ones and 789 under examination. Five invention patents have been awarded the China Patent Excellence Award.
Full description
The Company is a world-leading supplier of LED chips and advanced semiconductor solutions, principally engaged in the research and development, production and sales of LED chips, LED epitaxial wafers, sapphire substrates, and GaN power electronic devices, a third-generation semiconductor compound. Its products include LED chips and epitaxial wafers, sapphire products, and GaN power electronic devices. Specific segments are as follows: (1) General LED Lighting, Traditional LED Backlight and High-End LED Display MarketsThe Company’s production capacity and sales volume of lighting chips have continued to rise, gaining increasing recognition from major international brand customers. Meanwhile, the Company has actively promoted high-efficiency general lighting chips and achieved a substantial increase in sales, helping optimize its product mix and improve profitability. For traditional backlight chips, the Company has continuously enhanced luminous efficacy and antistatic performance, and its full product lineup has entered the supply chains of domestic and international terminal brand manufacturers. Among them, the traditional small-size backlight business has established cooperation with a number of key customers and achieved significant growth. In the Mini backlight sector, the independently developed high-voltage multi-cell chip solution has been successfully put into mass production. The high-end LED display market has long been the Company’s most deeply cultivated and consistently leading segment. Through continuous technological upgrading, the Company has achieved top-tier performance in terminal reliability and display image quality for both indoor and outdoor products. Addressing pain points and challenges plaguing the display industry, the Company provides customers with original and innovative solutions that effectively deliver superior display uniformity and higher color saturation for display panels. (2) Mini/Micro LED MarketThe Company is one of the earliest chip manufacturers in the industry to conduct R&D on Mini/Micro LED technologies, and currently ranks among the industry leaders in both technological capability and shipment volume. It took the lead in achieving mass production and sales of Mini LED chip products in the industry in 2019. Its Mini LED RGB chips maintain industry-leading brightness and feature high contrast, high reliability and excellent light-color consistency; such products have been applied in multiple key projects of mainstream Mini LED terminal manufacturers. Mini LED backlight chips have been adopted in terminal products including smart screens, televisions, notebook computers, esports monitors and automotive central control panels, with partners covering most leading enterprises in the industry. The Company has maintained close collaboration with upstream and downstream partners in the industrial chain, achieved breakthroughs in collaborative cost reduction, and led the industrialization of new high-end display products. In the Micro LED sector, the Company continues to cooperate with renowned leading consumer electronics and technology enterprises worldwide to promote the commercialization of various terminal products. The Micro LED wafer manufacturing and packaging & testing base project in Jinwan, Zhuhai, Guangdong Province, was successfully put into operation in 2024 and passed customer verification in March 2025. The project has built a 6-inch Micro LED wafer and pixel device production line, which has successively resolved abnormalities such as delamination, low-gray uneven brightness, and red light leakage, providing high-quality Micro LED products to customers with diverse application requirements. The production line has realized stable mass supply of Micro LED MPD products to customers, and achieved major technological breakthroughs in the R&D of AR micro-display and ADB automotive headlamp chips, which are planned to enter mass production in 2026, demonstrating BOE HC Semitek’s global leading position in the Micro LED field. (3) LED Plant Lighting MarketDue to the special application characteristics of the plant lighting industry, plant lighting lamps need to operate continuously for long hours, which imposes extremely high requirements on the luminous efficacy and reliability of LED chips. The Company has deployed in the plant lighting market since 2014 and has now become one of the world’s most important suppliers of LED chips for plant lighting. It has closely cooperated with international customers to develop a series of high-efficiency white-light chip solutions for plant lighting. In 2025, the Company strengthened its technological capabilities in red-light plant lighting and achieved mass production and delivery, laying a solid foundation for market expansion. (4) Automotive LED MarketThe Company has accumulated years of technological expertise and a solid customer base in the automotive LED market. In 2025, it made progress in process optimization for automotive lamp products, significantly improving performance indicators such as brightness. Meanwhile, it has secured cooperation with leading new energy vehicle manufacturers, continuously increased market penetration, and helped enhance corporate profitability. (5) GaN Power Electronic Device MarketLeveraging more than a decade of technological accumulation in GaN materials and devices from its LED chip business, the Company has a high-level GaN device development team, sophisticated GaN device process technologies and equipment infrastructure for research and development. It entered the GaN power electronic device sector in 2020, with products mainly targeting fast chargers for mobile consumer electronic terminals, other power supply equipment, cloud computing and big data server centers, communications and automotive applications. During the reporting period, the Company achieved a research and development breakthrough in its IDM Gen 1.0 650V/300 mΩ products, completed the full-process development of sapphire-based high-voltage GaN technology, and initially established an advanced GaN power IDM production line capable of mass supply. Concurrently, the Company has carried out product technology iteration to reduce product size and lower costs. (6) Sapphire Substrate MarketIn the sapphire substrate market, Yunnan Lanjing, a subsidiary of the Company, has been committed to the growth, processing and R&D of sapphire crystals since its establishment, accumulating rich technical experience. It currently possesses proprietary crystal growth technology using the Kyropoulos method and self-developed crystal growth equipment with independent intellectual property rights. Efficient production capacity and stable product quality have established Yunnan Lanjing’s leading market position in the industry and earned wide recognition from customers. Through continuous process optimization and quality control, the Company has made positive progress in improving production efficiency, increasing product yield and reducing unit marginal cost. At present, the net profit of this business segment continues to grow.