Breaking Down Anji Microelectronics Technology (Shanghai) Co., Ltd. Financial Health: Key Insights for Investors

Anji Microelectronics Technology Co., Ltd. (listed as 688019.SS) stands at the heart of China's push for semiconductor self-reliance, having been founded in 2004 and-after two decades of R&D, manufacturing and commercial breakthroughs-celebrated its 20th anniversary in 2024, a milestone that kickstarts its next five-year strategic cycle; with multiple production sites in Shanghai and Ningbo, subsidiaries in Taiwan and Ningbo, and an expanded R&D center integrated into the Shanghai Jinqiao Comprehensive Bonded Zone in 2023, Anji has broken foreign monopolies across key CMP and wet-chemical categories and built a full "3+1" technology platform delivering copper, barrier, dielectric, tungsten and substrate CMP slurries plus functional wet chemicals, electroplating solutions and additives-anchoring a mission to provide customers with technology enablement and manufacturing competitiveness, a vision to be a world-class semiconductor materials partner focused on high-barrier, high-growth materials, and core values of respect, integrity, innovation, collaboration, customer-centricity and sustainability that guide its pursuit of autonomy over critical raw materials and rapid market expansion

Anji Microelectronics Technology Co., Ltd. (688019.SS) - Intro

• Founded: 2004 (R&D center in Zhangjiang Hi‑tech Park)
• Stock code: 688019.SS (Shanghai STAR Market)
• Operating bases: Shanghai (R&D & production), Ningbo (production), subsidiary presence in Taiwan
• Anniversary milestone: 20th year in 2024 - new five‑year strategic cycle

• Enable domestic semiconductor manufacturing excellence by delivering reliable, high‑performance materials and process solutions that reduce dependency on foreign suppliers.
• Support customers' yield, cost and cycle‑time improvements through material innovation and close technical partnership.

• Become a global leader in CMP and specialty semiconductor process materials, recognized for technology leadership, supply reliability and scalable manufacturing.
• Drive localization of critical materials across advanced-node fabs and packaging facilities worldwide.

• Mission First - prioritize customer process uptime and mission‑critical deliveries.
• Innovation-Driven - sustained investment in R&D and continuous technical breakthroughs.
• Quality & Reliability - rigorous process controls, in-house production and multiple domestic sites to secure supply chains.
• Service Orientation - onsite technical support and collaborative process development with customers.
• Integrity & Compliance - adherence to regulatory, export control and bonded‑zone operational standards.

• R&D footprint: Established R&D base in Zhangjiang since 2004; expanded and bonded‑zone integration completed in 2023 to accelerate materials development and cross‑border logistics.
• Manufacturing footprint: Multiple production sites (Shanghai, Ningbo) plus subsidiaries to expand capacity and shorten lead times for domestic and regional customers.
• Product breadth: Full CMP portfolio plus wet chemicals and electroplating - enabling bundled process solutions for front‑end and back‑end fabs.
• Competitive position: Demonstrated capability to displace foreign incumbents in several key product categories through localized technology and commercial scale.

Anji Microelectronics Technology Co., Ltd. (688019.SS) - Overview

• Mission: To offer customers technology enablement and manufacturing competitive edge through innovation and cost efficiency.
• Strategic ambition: To become an emerging semiconductor materials enterprise grounded in technological innovation and intellectual property rights.
• Business focus: R&D, production, and sales of high-growth, high-performance materials tailored to advanced semiconductor manufacturing.
• Market orientation: 'Based in China and Serving the World' - pursuing long-term, stable, and healthy development across domestic and global supply chains.

• Core platform: '3+1' technology architecture covering CMP and complementary wet-chemical families.
• Product breadth: Full platform coverage across copper, barrier, dielectric, tungsten, and substrate CMP slurries plus functional electronic wet chemicals, electroplating solutions, and additives.
• Customer value proposition: Integration of formulation science, IP, and manufacturing scale to reduce total cost of ownership for fabs and OSATs.

• Technology commitment: A dedicated R&D platform spanning formulation labs, pilot-scale CMP benches, and surface-analytical capabilities.
• IP strategy: Portfolio development to protect formulation know-how and process innovations for both domestic and export markets.
• Commercial posture: Targeting both foundry/ecosystem partners and advanced packaging customers to diversify end-market exposure.

Anji Microelectronics Technology Co., Ltd. (688019.SS) - Mission Statement

• Commit to world-class semiconductor materials partnership via sustained R&D and industrial deployment.
• Develop and industrialize high-growth, high-technology-barrier functional materials (CMP fluids, wet chemicals, electroplating additives).
• Deliver a one-stop CMP fluid solution portfolio - slurries, pads, conditioners, and process optimization services - to maximize customer yield and throughput.
• Expand a platform of functional electronic wet chemicals oriented to high-end logic, memory, and advanced packaging nodes.
• Strengthen strategic supply of high-end electro-chemical plating solutions and additives to secure rapid market expansion and system-level competitiveness.
• Drive upstream autonomy in key raw materials to close domestic gaps and accelerate the semiconductor materials industry chain in China and global markets.

• R&D-led product pipeline: accelerate lab-to-fab transitions for materials with high technical entry barriers.
• Integrated CMP leadership: broaden product breadth and deepen technical service to become an indispensable CMP partner.
• Platformization of wet chemistry: modular product platforms that address advanced node cleaning, etch, and resist-stripping requirements.
• Electroplating and additives scale-up: targeted solutions for copper, nickel, and specialty finishes used in packaging and interconnects.
• Supply-chain resilience: secure and localize critical precursors and intermediates to reduce external dependency and cost volatility.

• R&D intensity: maintain >10% revenue reinvestment into R&D to sustain technology leadership and shorten time-to-market.
• Product portfolio: achieve >60 SKU coverage across CMP, wet chemicals, and plating additives within 3 years.
• Localization: secure domestic sourcing for ≥70% of critical precursors within target timeframe to reduce supply risk and improve gross margins.
• Market expansion: grow overseas sales to 40% of total revenue through partnerships and technical service hubs in APAC, North America, and Europe.

Anji Microelectronics Technology Co., Ltd. (688019.SS) - Vision Statement

• Respect & Care - Valuing employees and partners; maintaining workplace safety and inclusive talent development programs that support retention and productivity.
• People-oriented - Prioritizing employee growth: structured training, performance development, and cross-functional rotation to build technical and managerial depth.
• Innovation - Sustained R&D investment to lead in process, device architecture, and system-level integration.
• Result-driven - KPI orientation across product development, yield improvement, time-to-market, and customer satisfaction metrics.
• Pursuit of Excellence - Continuous quality optimization to meet automotive, industrial, and new-energy customer certifications and reliability targets.
• Integrity & Transparency - Ethical governance, transparent reporting, and internal controls to foster stakeholder trust.
• Collaboration - Cross-industry partnerships, OEM/customer co-design, and academic linkages to accelerate commercialization.
• Customer Focus - Deep listening to key account needs, tailored roadmaps, and high-service SLAs to secure repeat business and platform adoption.
• Sustainability - Operational decarbonization, materials stewardship, and community engagement to balance growth with environmental and social responsibilities.

• R&D & Innovation: Maintain ≥10% of revenue allocation to R&D to accelerate development of high-voltage and automotive-qualified products.
• Customer-centric Execution: Strengthen key-account programs to increase repeat revenue and platform adoption - target gross margin lift via higher-value product mix.
• Integrity & Governance: Continue external audits, enhanced disclosure cadence, and internal compliance training to protect stakeholder trust.
• Sustainability & Social Responsibility: Implement measurable targets for energy reduction, emissions, and circular material use tied to executive incentives.