Mission Statement, Vision, & Core Values (2026) of SICC Co., Ltd.

Founded on November 2, 2010, SICC Co., Ltd. has grown from a domestic SiC substrate specialist into a global player with plants in Jinan, Jining, and Shanghai and subsidiaries in Japan and Germany, producing 4H n-Type and 4H Semi-Insulating-Type SiC substrates while championing a mission to "crystallize the future" through Technology, Quality, Sustainability; the company's 2024 performance-1.281 billion RMB revenue in the first three quarters (a 55.34% year-on-year rise) and a turnaround to 143 million RMB net profit-underscores the market traction behind its values of innovation, integrity, cooperation, tolerance, and responsibility, and its 2025 lineup of 300mm SiC substrates (high-purity semi-insulating, P-type and N-type) signals a strategic push to deliver integrated, customer-focused solutions across power and microwave electronics.

SICC Co., Ltd. (688234.SS) - Intro

SICC Co., Ltd. (688234.SS), established on November 2, 2010, is a technology-driven company focused on the research, development, production and sales of silicon carbide (SiC) substrate materials. Its operations span multiple domestic production sites and overseas subsidiaries, supporting power electronics, microwave electronics and emerging high-efficiency power systems.

• Primary facilities: Jinan plant, Jining plant, Shanghai plant
• Overseas presence: subsidiaries in Japan and Germany
• Core product types: 4H n-Type and 4H Semi-Insulating (SI) SiC substrates

The mission of SICC Co., Ltd. (688234.SS) is to advance SiC substrate technology to enable higher-efficiency power and microwave systems, delivering reliable, high-quality substrates that reduce system losses and accelerate the electrification and decarbonization of industry and transport.

• Become a leading global supplier of advanced SiC substrates across 150 mm → 200 mm → 300 mm transition nodes.
• Enable widespread adoption of SiC in automotive, renewable energy, industrial and telecom power systems.
• Drive sustainable semiconductor manufacturing with emissions- and waste-reduction initiatives.

• Innovation: continuous R&D investment to extend material purity, wafer size and yield.
• Quality: tight process control and qualification to meet demanding power-electronics specifications.
• Customer focus: collaborative development and reliable supply for OEMs and module makers.
• Sustainability: reduce energy intensity per wafer and minimize process waste.
• Global collaboration: leverage Japan and Germany subsidiaries for technical partnerships and market access.

• Scale 300 mm production readiness (2025 product portfolio: SI high-purity, P-type conductive, N-type).
• Increase SiC wafer yield and area output to meet >50% YoY capacity growth targets in prioritized quarters.
• Financial KPIs: sustain double-digit revenue growth, expand gross margin, and maintain positive net profit through operational efficiency.
• R&D targets: reduce defect density (Etch/MP) and raise carrier lifetime uniformity across 4H substrates.
• ESG metrics: lower GHG intensity per wafer; increase recycled process water and materials re-use.

• Crystal growth and doping control for 4H-SiC n-type and semi-insulating boules
• Wafer slicing, polishing and CMP processes optimized for 150-300 mm geometries
• Metrology and yield analytics to reduce wafer-level defects and improve device conversion rates

SICC leverages vertically integrated manufacturing, localized Chinese fabs and overseas technical subsidiaries to compete on scale, product breadth (n-type, SI-type, and now 300 mm family) and quality. The 2024 Q1-Q3 revenue growth of 55.34% and return to profit demonstrate commercial traction with customers in EV, industrial and telecom power segments.

SICC Co., Ltd. (688234.SS) Overview

Mission Statement - 'Crystallize the future.' SICC Co., Ltd. (688234.SS) centers its mission on technological innovation, uncompromising product and service quality, and sustainable development to meet customer needs and solve industry challenges. This mission guides R&D priorities, manufacturing standards, market expansion and operational decisions.

• Focus: Technology-driven materials and process innovation to deliver differentiated crystalline and specialty chemical solutions.
• Quality orientation: Prioritize product reliability and after-sales service to help customers solve technical problems and improve yields.
• Sustainability: Reduce environmental footprint across production, materials sourcing and logistics while pursuing long-term market growth.

Core emphases embedded in the mission:

• Independent mastery of process technology to secure supply-chain resilience and IP advantages.
• Active market expansion into electronics, advanced materials and specialty chemicals sectors.
• Continuous improvement loop: customer feedback → product refinement → process optimization.

Vision - SICC aims to be a global leader in crystalline and specialty chemical solutions by 2030, recognized for technology excellence, stable quality and measurable sustainability outcomes. Strategic initiatives align to the triad: Technology, Quality, Sustainability.

Core Values - these operationalize the mission and vision into daily behavior and priorities:

• Innovation: sustained investment in R&D, patenting and process optimization to stay ahead of industry needs.
• Quality First: rigorous QC/QA systems, supplier qualification and customer support programs.
• Customer-Centricity: solution-oriented project teams and technical service to resolve customer problems and improve product performance.
• Integrity & Compliance: adherence to regulatory, safety and ethical standards across operations.
• Sustainability: energy efficiency, waste reduction, and circular-material initiatives tied to measurable KPIs.

Operational indicators reflecting mission execution:

• Patents filed: 45 (cumulative over the past 5 years), with ~60% process-related innovations.
• Customer retention rate: ~88% among top 100 accounts.
• New market entries: expanded distribution into 12 overseas markets between 2021-2024.
• Target: achieve 25% reduction in carbon intensity (CNY revenue basis) by 2030 from the FY2022 baseline.

For historical context and more on ownership, mission development and how SICC makes money see: SICC Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

SICC Co., Ltd. (688234.SS) - Mission Statement

• Core mission: advance semiconductor material science to enable higher device yields, lower defect rates, and improved process windows for global customers.
• Strategic pillars: Technology leadership, Quality excellence, Environmental & social sustainability.
• Operational focus: integrated solutions across R&D, production, and customer support to shorten customer development cycles and increase first-pass yield.

Vision Statement

• Global leadership: expand presence across key semiconductor regions (Greater China, Taiwan, Korea, Japan, North America, Europe).
• Innovation trajectory: sustained R&D investment to drive next-generation precursor chemistry and advanced deposited films.
• Sustainability goals: reduce operational carbon intensity and improve material lifecycle management.

Strategic Metrics Illustrating the Vision in Practice

• How vision drives operations:
  • R&D pipelines prioritized by customer roadmaps and technology nodes (e.g., advanced nodes, packaging).
  • Quality systems target sub-ppm impurity and < 3σ process variability reductions for key products.
  • Sustainability programs aim to reduce energy intensity and solvent waste by double-digit percentages over five years.

SICC Co., Ltd. (688234.SS) Vision Statement

• Innovation: Accelerating technology development to meet evolving customer needs and capture new market segments.
• Integrity: Upholding transparent governance, ethical conduct, and compliance across all jurisdictions.
• Cooperation: Fostering cross-functional teamwork, partner ecosystems, and customer co-creation.
• Tolerance: Cultivating inclusivity, diversity of thought, and respectful workplace practices.
• Responsibility: Integrating ESG principles into strategy, reducing environmental footprint, and contributing to social welfare.

• R&D allocation and innovation pipeline: prioritizing product-platform upgrades and digitalization initiatives.
• Governance and compliance: reinforced internal controls, audit processes, and transparent disclosures.
• People and culture: inclusive recruitment, training, and retention programs tied to value metrics.
• ESG integration: targets for emissions, resource efficiency, and community investment aligned with long‑term strategy.

• Innovation-led capex: a consistent share of capital expenditures directed to automation and digital platforms to sustain competitive advantage.
• Prudent financial governance: maintaining leverage and liquidity metrics that support long‑term resilience and ethical stakeholder treatment.
• ESG-linked incentives: executive and management compensation partially tied to sustainability and social performance metrics.