As the world's leading photovoltaic conductive silver paste supplier, Dike currently ranks second in the domestic market share, and is expected to surpass competitors and become the industry leader by the end of this year or next year.
The stock price has risen 6 times in 1 year
The share price has been listed since 2020 at 2298 yuan, the highest 132 in 20211 yuan, an increase of 6 times in 1 year.
Dike shares 2020-2023 stock price trend).
Revenue from 2016 29.3 billion yuan, 376.7 billion yuan, an increase of 13 times in 6 years. Especially this year, in the first three quarters, the revenue was as high as 609.7 billion yuan, a year-on-year increase of 13351%。
2015-2022 operating income of Dike shares).
Domestic substitution of PV upstream
China has already topped the world in the photovoltaic industry, but there are still many upstream enterprises in the hands of foreign companies.
Shi Weili, the founder of Dike, studied for a doctorate degree at the State University of New York after graduating from Zhejiang University. After graduation, he worked in American high-tech companies such as Flow and Hengao. With the earth-shattering changes and entrepreneurial waves of the domestic photovoltaic industry, Shi Weili cherished a dream, and Shi Weili returned to China to establish Wuxi Dike Electronic Materials Co., Ltd
Dike has broken the long-term monopoly of overseas brands, effectively promoted the localization process of photovoltaic conductive silver paste, and made great contributions to the efficiency and cost reduction of the global photovoltaic industry.
Shi Weili was born in R&D, attaches great importance to technology investment, and has deployed N-type technology and TOPCON very early, and in 2023, it will catch up with the explosion of demand in these two fields, and the revenue and profit will show explosive growth.
Future outlook
Forward-looking vision and leading technology have created the advantages of Dike. Compared with domestic competitors such as Juhe Materials and Suzhou Good-Technetium, it has obvious advantages. In the past few years, the revenue of Dike shares is far from Juhe, but this year, next year at the latest is expected to surpass Juhe Materials.
The photovoltaic industry is an industry with very rapid technological innovation and iteration, especially in the photovoltaic cell technology link. Many technologies have short life cycles. Only by focusing on research and development can we maintain a leading edge for a long time.
Note 1: Definition of China's ** champion enterprise: 1, not concerned by the public;2. Revenue exceeds years of continuous growth;3. It has a high market share in the market segment and is in a leading position in the industry.
Note 2: I do not hold the ** in this article, and this article does not constitute investment advice.