20231015_东海证券_半导体行业证券研究报告新能源打开IGBT天花板新产能蓄力国产企业新台阶_51页.pdf
HTTP:/WWW.LONGONE.COM.CN Table_Reportdate 2023 10 15 table_invest Table_NewTitle IGBT Table_Authors S0630523060001 table_stockTrend table_product 1.688711 2.3.table_main IGBT CPU”“”IGBT BJT MOS BJT MOS IGBT IGBT IGBT IGBT IGBT IGBT 2026 IGBT 685.78 2022-2026 CAGR 21.48%IGBT IGBT 2022 130.98 2026 407.84 32.84%IGBT IGBT 2026 44.19 CAGR 21.34%2022 42%2026 60%2026 18%15%6%2026 1%2021 IGBT TOP3 53%56%4%3%2%2023 32.90%Omdia 2021 IGBT CR3 53%56%29%33%IDM 2021 IGBT 4%2021 IGBT 3%2%Fabless IDM IGBT 2023 32.90%IGBT IGBT IGBT IGBT IGBT IGBT IDM IDM+Fabless ODM+1 2 3-15%-7%2%10%18%26%34%22-10 23-01 23-04 23-07:(0727)300 HTTP:/WWW.LONGONE.COM.CN 2/51 1.IGBT“C P U”.5 1.1.IGBT.5 1.2.IGBT.10 2.IGBT.15 2.1.IGBT.15 2.2.IGBT.17 2.3.IGBT.19 2.4.IGBT.20 2.5.IGBT.22 2.6.IGBT.24 3.IGBT.26 3.1.IGBT.26 3.1.1.26 3.1.2.27 3.2.IGBT.28 3.3.32 3.4.33 4.35 4.1.IGBT.35 4.2.IGBT.37 4.3.IDM IGBT.40 4.4.IGBT.42 4.5.IDM+Fabless.44 4.6.ODM+.47 5.49 6.50 WUFUwPtOtQoPpRpMmRpQrQbRcM8OsQrRpNsRfQrQqQiNoPsN9PmNrNxNpPtMMYmPtM HTTP:/WWW.LONGONE.COM.CN 3/51 1.5 2 IGBT.6 3.7 4 IGBT.7 5 IGBT.7 6 IPM IGBT.8 7 IGBT.9 8 IGBT.11 9.15 10 IGBT.16 11.17 12.17 13.19 14 IPM.21 15.23 16.23 17 2022 IGBT.25 18 2026 IGBT.25 19 IGBT.26 20 IGBT.27 21 IGBT.29 22 2021 IGBT.30 23 2021 IGBT.30 24 IGBT.30 25.35 26.36 27.36 28.36 29.36 30.37 31 2023H1%.37 32.38 33.38 34.38 35.39 36.39 37.39 38.39 39.40 40.41 41.41 42.41 43.41 44.42 45 2023H1%.42 46.43 HTTP:/WWW.LONGONE.COM.CN 4/51 47.43 48.43 49.44 50.44 51.44 52.44 53.45 54.45 55.45 56.46 57.46 58.46 59 2023H1%.46 60.47 61.48 62.48 63.48 64.48 65.49 66.49 1 MOSFET IGBT BJT.6 2 IGBT.10 3 IGBT.12 4 IGBT.13 5.14 6 IGBT.16 7 IGBT.18 8 IGBT.19 9 IGBT.20 10 IGBT.22 11 IGBT.23 12 IGBT.24 13 IGBT.24 14 IGBT.28 15 IGBT.31 16.32 17.33 HTTP:/WWW.LONGONE.COM.CN 5/51 1.IGBT C P U”1.1.IGBT 1 IC IC WSTS IC IC IC IGBT MOSFET IGBT 1 2 IGBT BJT MOS N IGBT(Emitter)(Gate)(Collector)IGBT PNP IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 6/51 2 IGBT 3 IGBT MOSFET BJT MOSFET BJT BJT MOSFET IGBT 1 MOSFET IGBT BJT BJT MOSFET IGBT 4 IGBT IGBT IGBT IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 7/51 3 5 IGBT IGBT IGBT FF1400R17IP4 25cmx8.9cmx3.8cm IGBT IGBT 3 DBC Direct Bonding Copper-(IGBT Diode)IGBT Diode DBC DBC DBC 2 PCB DBC(Al2O3)(AlN)IGBT 6 DBC DBC 4 IGBT 2 Diode IGBT 4 IGBT 5 IGBT HTTP:/WWW.LONGONE.COM.CN 8/51 6 IPM Intelligent Power Module IGBT IGBT IGBT IPM IPM IGBT IPM IPM MOSFET IGBT SiC IPM 6 IPM IGBT 7 IGBT IGBT IGBT IPM HTTP:/WWW.LONGONE.COM.CN 9/51 7 IGBT 8 IGBT IGBT IGBT IGBT IGBT IGBT 1 IGBT IGBT 2 IGBT IGBT 3 IGBT 4 HTTP:/WWW.LONGONE.COM.CN 10/51 2 IGBT-20-70-40-85-40-125 0-100 JESD27(chips)IS016750(modules)JESD47(chips)IS016750(modules)AEC-Q100 ISO26262ISO/TS 16949 3%1%0 1-3 5-10 15 2 5 30 1.2.IGBT 1 IGBT IGBT IGBT IGBT 30 3 1/3 IGBT HTTP:/WWW.LONGONE.COM.CN 11/51 8 IGBT 3 IGBT Trench IGBT Rkanal JFET RJFET Rn-JFET IGBT IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 12/51 3 IGBT IGBT 3300V Cell 1700V IGBT 600nm 4 IGBT PT NPT FS PT P+N+buffer N-base 80 NPT IGBT PT NPT PT N-N-MOS IGBT P+collector N-NPT N-Vce(sat)FS N HTTP:/WWW.LONGONE.COM.CN 13/51 4 IGBT PT P P N N P Body P N MOSFET VCES NPT MOSFET N P N MOSFET P 40%VCES FS N N N 5 IGBT IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 14/51 5 1 100 5 3 0.5 100 600 1988 2 56 5 2.8 0.3 74 600 1990 3 40 3 2 0.25 51 1200 1992 4 31 1 1.5 0.25 39 3300 1997 5 27 0.5 1.3 0.19 33 4500 2001 6-24 0.5 1 0.15 29 6500 2003 7 20 0.3 0.8 0.12 25 7000 2018 HTTP:/WWW.LONGONE.COM.CN 15/51 2.IGBT 2.1.IGBT 1 2021 2021 352.1 157.57%2022 688.7 95.60%2019-2022 CAGR 78.74%2023 9 2 IGBT 3-5 IGBT DC/DC DC/AC DC/DC/(DC/AC)/(DC/AC)IGBT 10%20%IGBT IGBT LV324/AQG324 IGBT IGBT 3-5 120.60 136.7352.1688.7627.813.35%157.57%95.60%37.46%0%20%40%60%80%100%120%140%160%180%01002003004005006007008002019 2020 2021 2022 2023.1-9 HTTP:/WWW.LONGONE.COM.CN 16/51 10 IGBT 3 IGBT 1 2023 2024 2%5%2025 2026 2 3 ICV 2022 IGBT 1902 IGBT IGBT 2026 IGBT 655.72 IGBT 2026 407.84 2022-2026 CAGR 32.84%IGBT 6 IGBT 2022A 2023E 2024E 2025E 2026E(8162.85 8326.11 8492.63 8620.02 8749.32 YOY-1.36%2.00%2.00%1.50%1.50%13.26%17.27%22.51%29.49%38.63%1082.40 1438.00 1912.00 2542.00 3380.00 YOY 61.60%42.75%32.96%32.95%32.97%IGBT 1902 1910 1920 1930 1940 IGBT 205.85 274.66 367.10 490.61 655.72 YOY 43.37%33.66%33.64%33.66%(2686.37 2820.69 2961.72 3095.00 3234.28 YOY 2.09%5.00%5.00%4.50%4.50%25.64%32.00%45.00%55.00%65.00%688.70 902.62 1332.78 1702.25 2102.28 YOY 95.60%31.06%47.66%27.72%23.50%IGBT 1902 1910 1920 1930 1940 IGBT 130.98 172.40 255.89 328.53 407.84 YOY 31.62%48.43%28.39%24.14%EV sales Wind iFind ICV HTTP:/WWW.LONGONE.COM.CN 17/51 2.2.IGBT 1 IGBT IGBT IGBT IGBT 11 2 IGBT IGBT IC 2023 1-8 11316 2022 8741 IGBT IGBT 10-15 25 IGBT 12 442630114820548887411131620592574716747573763289202,0004,0006,0008,00010,00012,0002018 2019 2020 2021 2022 2023.1-8 HTTP:/WWW.LONGONE.COM.CN 18/51 3 IGBT 1 2 1.25 3 SMM 2022 0.20/W 2023 0.16/W 2026 0.13/W 4 IGBT IGBT 10%IGBT 2022 36.80 13.99 2026 71.95 27.30 2022-2026 18.25%18.20%7 IGBT 2022A 2023E 2024E 2025E 2026E GW 230.00 356.50 481.28 601.59 691.83 YOY 35.30%55.00%35.00%25.00%15.00%GW 87.41 152.97 198.86 238.63 262.49 YOY 59.30%75.00%30.00%20.00%10.00%1.25 1.25 1.25 1.25 1.25 GW 184.00 285.20 385.02 481.28 553.47 GW 69.93 122.37 159.09 190.90 209.99(/W)0.2 0.16 0.15 0.14 0.13 IGBT 10.00%10.00%10.00%10.00%10.00%IGBT 36.80 45.63 57.75 67.38 71.95 YOY 35.30%24.00%26.56%16.67%6.79%IGBT 13.99 19.58 23.86 26.73 27.30 YOY 59.27%40.00%21.88%12.00%2.14%SMM 1 2 2022 0.17/W 3 IGBT 10%IGBT 2022 13.19 6.40 2026 25.53 16.89 2022-2026 17.94%27.47%HTTP:/WWW.LONGONE.COM.CN 19/51 8 IGBT 2022A 2023E 2024E 2025E 2026E GW 68.80 86.00 103.20 113.52 119.20 YOY 25.00%20.00%10.00%5.00%GW 8.80 18.04 23.45 28.14 30.96 YOY 105.00%30.00%20.00%10.00%GW 77.60 104.04 126.65 141.66 150.15 YOY-17.09%34.07%21.73%11.85%5.99%GW 37.63 60.21 75.26 90.31 99.34 YOY-20.90%60.00%25.00%20.00%10.00%GW 77.60 104.04 126.65 141.66 150.15 GW 37.63 60.21 75.26 90.31 99.34(/W)0.17 0.17 0.17 0.17 0.17 IGBT 10.00%10.00%10.00%10.00%10.00%IGBT 13.19 17.69 21.53 24.08 25.53 YOY-17.09%34.07%21.73%11.85%5.99%IGBT GW 6.40 10.24 12.79 15.35 16.89 YOY-20.90%60.00%25.00%20.00%10.00%GWEC 2.3.IGBT 1 IGBT UPS IGBT IGBT IGBT UPS(Uninterruptible Power Supply)UPS IGBT 13 变频器 逆变焊机 UPS 电源 HTTP:/WWW.LONGONE.COM.CN 20/51 2 IGBT 1 UPS IGBT ICV 2 4%UPS 2 3 UPS IGBT 12%10%15%IGBT UPS IGBT 2026 IGBT 297.74 123.52 4%10.48%9 IGBT 2022A 2023E 2024E 2025E 2026E 1282.49 1333.79 1387.14 1442.63 1500.34 YOY 4.00%4.00%4.00%4.00%397.37 439.09 485.19 536.14 595.12 YOY 10.50%10.50%10.50%11.00%IGBT 12.00%12.00%12.00%12.00%12.00%322.50 335.40 348.82 362.77 377.28 YOY 4.00%4.00%4.00%4.00%182.73 195.52 209.21 223.85 239.52 YOY 7.00%7.00%7.00%7.00%IGBT 10.00%10.00%10.00%10.00%10.00%UPS 455.73 473.96 492.92 512.63 533.14 YOY 4.00%4.00%4.00%4.00%UPS 113.08 128.35 145.68 165.34 187.66 YOY 13.5%13.5%13.5%13.5%UPS IGBT 15.00%15.00%15.00%15.00%15.00%IGBT 254.51 264.69 275.28 286.29 297.74 YOY 4.00%4.00%4.00%4.00%IGBT 82.92 91.50 101.00 111.52 123.52 YOY 36.00%10.34%10.38%10.42%10.75%ICV 2.4.IGBT 1 IPM IGBT IPM HTTP:/WWW.LONGONE.COM.CN 21/51 IPM IGBT IPM 14 IPM 2 IGBT 1 6%4%4%2 1%5%3%3 ICV IPM 2 1 1 5 IPM ICV 2022 IPM 28.39 4 IPM 0.10pcts IPM 2026 IPM 210.49 103.85 2022-2026 7.41%7.68%IGBT 50%HTTP:/WWW.LONGONE.COM.CN 22/51 10 IGBT 2022A 2023E 2024E 2025E 2026E 15328.6 15941.74 16579.41 17242.59 17932.29 YOY-1.65%4.00%4.00%4.00%4.00%10414.45 11318.64 12268.77 13104.37 14166.51 67.94%71.00%74.00%76.00%79.00%IPM 2 2 2 2 2 IPM 20828.9 22637.28 24537.53 26208.74 28333.02 7557.80 7784.53 8018.07 8258.61 8506.37 YOY-12.56%3.00%3.00%3.00%3.00%2968.36 3503.04 4009.04 4542.24 5103.82 39.28%45.00%50.00%55.00%60.00%IPM 1 1 1 1 1 IPM 2968.36 3503.04 4009.04 4542.24 5103.82 6882.67 7089.15 7301.82 7520.88 7746.51 YOY-7.88%3.00%3.00%3.00%3.00%3409.00 3899.03 4381.09 4888.57 5422.55 49.53%55.00%60.00%65.00%70.00%IPM 1 1 1 1 1 IPM 3409.00 3899.03 4381.09 4888.57 5422.55 IPM 27206.26 30039.35 32927.66 35639.55 38859.4 YOY-0.45%10.41%9.62%8.24%9.03%IPM 28.39 27.96 27.55 27.13 26.73 YOY-1.50%-1.50%-1.50%-1.50%IPM 77.24 84.00 90.70 96.70 103.85 YOY 8.76%7.97%6.61%7.40%IPM 48.85%48.90%49.00%49.14%49.34%YOY 0.10%0.20%0.30%0.40%IPM 158.12 171.80 185.12 196.77 210.49 YOY 8.65%7.76%6.29%6.97%ICV 2.5.IGBT 1 IGBT IGBT 1500VDC IGBT()3()HTTP:/WWW.LONGONE.COM.CN 23/51 15 16 IGBT 2 IGBT IGBT Al IGBT 220 175 200 0.8 IGBT 11 IGBT/IGBT IGBT IGBT PBT PBT PPS DBC ZTA AMB+TIM Cu/Sn Cu/Sn DBC 3 IGBT 1 5%9%2 20/3 IGBT IGBT 2026 IGBT 6.38 2022-2026 17.04%HTTP:/WWW.LONGONE.COM.CN 24/51 12 IGBT 2022A 2023E 2024E 2025E 2026E 4.20 4.41 4.63 4.86 5.11 YOY 5.00%5.00%5.00%5.00%5.00%4194.00 4410.00 4676.81 4959.27 5258.28(/998.57 1000.00 1010.00 1020.00 1030.00 41.00 216.00 266.81 282.46 299.0145 IGBT 100 100 100 100 100 IGBT/0.8 0.8 0.8 0.8 0.8 IGBT 0.33 1.73 2.13 2.26 2.39 9554.60 10450.38 11390.92 12359.15 13409.68 YOY 9.38%9%9%9%9%6.26 6.85 7.46 8.10 8.78/6.55 6.55 6.55 6.55 6.55 0.53 0.59 0.62 0.63 0.69 IGBT 10.00 10 10 10 10 IGBT/0.58 0.58 0.58 0.58 0.58 IGBT 3.07 3.39 3.57 3.68 3.99 IGBT 3.40 5.12 5.71 5.94 6.38 2.6.IGBT 1 IGBT 2026 IGBT 685.78 21.48%2022-2026 32.84%21.34%17.04%IGBT IGBT 13 IGBT 2022A 2023E 2024E 2025E 2026E CAGR IGBT 130.98 172.40 255.89 328.53 407.84 32.84%IGBT 20.38 29.82 36.66 42.08 44.19 21.34%IGBT 82.92 91.50 101.00 111.52 123.52 10.48%IPM 77.24 84.00 90.70 96.70 103.85 7.68%IGBT 3.40 5.12 5.71 5.94 6.38 17.04%IGBT 314.92 382.84 489.95 584.77 685.78 21.48%2 2026 60%18%15%6%1%HTTP:/WWW.LONGONE.COM.CN 25/51 2022 42%2026 60%IGBT 17 2022 IGBT 18 2026 IGBT 130.98,42%82.92,26%77.24,25%20.38,6%3.40,1%407.84,60%123.52,18%103.85,15%44.19,6%6.38,1%HTTP:/WWW.LONGONE.COM.CN 26/51 3.IGBT 3.1.IGBT 3.1.1.1 IGBT IGBT 1.2.IGBT BCD LDMOS Device Al Taiko Temporary Bonding N P P B IGBT 100-100-8 12 120 80 19 IGBT IGBT 1.2.HTTP:/WWW.LONGONE.COM.CN 27/51 IGBT DBC 20 IGBT 2 IGBT IGBT IGBT 3.1.2.IGBT IGBT IGBT IGBT IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 28/51 14 IGBT HTRB IEC 60747-9 1000 95%VCE(max)125 Tc 145 IGBT HTGB IEC 60747-9 1000 VGE=20V+/-,Tj=Tj(max)IGBT H3TRB IEC 60068-2-67 1000 85 85%VCE=80V HTS LTS IEC 60068-2-2 IEC 60068-2-1 1000 125 1000-40 TC IEC 60068-2-14-40 125 100 PC IEC 60749-34 20000 DCB Vibration Mechanical shock/IEC 60068-2-6 IEC 60068-2-27/IC 3.2.IGBT 1 IGBT IGBT Fabless foundry IDM IDM Fabless HTTP:/WWW.LONGONE.COM.CN 29/51 Foundry IDM IDM Fabless 21 IGBT 2 IGBT TOP3 50%Omdia 2021 IGBT 4%2021 IGBT 3%2%1923 1921 1997 2005 0-1 HTTP:/WWW.LONGONE.COM.CN 30/51 22 2021 IGBT 23 2021 IGBT Omdia Omdia 3 IGBT 2023 IGBT 3624 32.90%IGBT 24 IGBT 4 IGBT IGBT IGBT IGBT HTTP:/WWW.LONGONE.COM.CN 31/51 15 IGBT 2022 IGBT 2021 2020 684.86 6.70%-29.3%32.40%4.30%2021 832.23 29.10%36.5%38.52%10.57%2022 1120.44 28.60%36%33%-0.00%2020 590.29-1.56%20.43%(15.6%24.49%3.54%2021 521.65-2.74%11.4%25.26%5.18%2022-15%11%-2020 2924.91-6.07%33.18%9.3%28.29%5.23%2021 2496.17 6.81%9.7%28.02%4.81%2022 2492.34 11.80%9%12%28.10%4.50%2020 342.88-4.76%-6%32.65%4.50%2021 429.71 28.25%40.27%15.00%2022 607.29 23.53%47.99%22.85%2020 2221.86-8.22%37.99%4%-2021 1819-9.90%26.96%4.32%2022 1674.44-9.90%26.50%3.80%&2020 666.78 6.94%37.01%ADG)8%37.08%10.84%2021 813.6 24.88%41.74%15.72%2022 1176.37 26.39%48.14%24.55%2020 94.45-3.87%59.38%4%34.67%8.99%2021 92.17-2.41%-8.99%2020 33.09-35.99%-3%25.31%68.03%2021 30.24-8.61%32.38%11.96%2022 23.29-28.80%29.99%-2.38%2020-4%-2021-2022 429.81 14.29 71.01%18.84%2020 406.35 7.27%-2%32.52%8.37%2021 525.65 29.36%34.03%7.46%2022-2020 5001.54-8.00%-3%31.54%1.05%2021 5509.02 10.10%32.78%3.17%2022 6952.09 12.00%32.27%2.08%2020 237.85-9.05%41.79%-30.80%7.07%2021 214.33-0.83%32.69%10.29%2022 252.77 12.33%38.13%15.83%2020 452.56-0.36%-4%46.91%6.39%HTTP:/WWW.LONGONE.COM.CN 32/51 2021 551.06 38.95%53.2 22.30%2022 747.58 51.12%57.4 25.10%ABB 2020 1705.22-6.59%-30.14%19.92%2021 1845.44 10.76%32.71%16.07%2022 2030.95 1.73%32.98%8.81%2020 4288.4 0.00%-3%27.04%1.00%2021 4269.8-0.43%25.15%5.94%2022 5413.35 6.01%24.70%6.50%2020 31.68-15.30%-5.8%20.71%0.38%2021-5.5%IPM-2022 811.74 36%7%-2020 78.4-7.73%-2.21%-3.47%2021 76.7-2.14%-3.09%-4.43%2022-3.3.1 IGBT 2023 IGBT 39-50 47-52 IGBT IGBT IGBT IGBT IGBT 16 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q2 IGBT 18-26 26-52 39-50 18-26 39-50 39-50 39-50 39-50 39-50 39-50 Mosfet 16-39 26-52 39-52 15-30 52-65 52-65 52-65 46-60 26-54 18-48 Mosfet 18-22 26-40 26-40 18-20 52-65 50-54 50-54 50-54 50-54 39-56 IGBT 18-24 30-36 36-42 18-24 47-52 47-52 47-52 47-52 47-52 47-52 Mosfet 18-26 30-52 42-52 18-26 48-52 50-54 50-54 50-54 50-54 50-54 Mosfet 14-26 22-30 26-36 14-18 47-52 47-52 47-52 47-52 47-52 47-52 2 2021 2022 HTTP:/WWW.LONGONE.COM.CN 33/51 3.4.IDM 6 8 12 12 IGBT IDM Fabless IDM Foundry 50%1-3 IGBT IGBT IPM IGBT IGBT 17 阶段 2022 27.05 99.14%8.21 40.3%30.34%6 3300V-30/Sic 6-6/2022 82.82 53.93%10.48 29.45%12.65%36 12 12-36/FS-IGBT 12/12 IGBT 24/-SiC 6-14.4/-2022 180.34 10.18%25.92 32.69%14.37%8 IGBT 12/-8 IGBT 24/-72/2022 580.79 13.60 18.16%2.34%12 12 3/-2022 166.49 25.99 36.71%25.84%-6 23/-8 14/-无锡 12-4/-12-2023 2-2.5/2022 54.04 10.94 36.29%-4 5 100/-6 10/-HTTP:/WWW.LONGONE.COM.CN 34/51 20.24%8 1/3/8 5000/6-2022 24.75 4.07 34.08%16.42%FAB1 2 3 8 17.8/-FAB7 12 6.5/2023 9.45/-FAB9 12-8.3/-2022 503.41 152.14 37.97%30.22%-8 75.4/-6 7/-8 11/-12 5/-6 6/8/-HTTP:/WWW.LONGONE.COM.CN 35/51 4.4.1.IGBT 1 IGBT 2005 4 IGBT IGBT IGBT 10 IGBT IGBT MOSFET IPM FRD SiC IGBT 100-3300V 10A-3600A 2007 IGBT IGBT 48V BSG 2012 NPT IGBT 2015 FS-Trench IGBT 2016 2021 FS-Trench IGBT Tier1 25 2 2022 27.05 58.53%2018-2022 GAGR 41.49%8.18 105.24%2023 16.88 46.25%4.2 24.06%HTTP:/WWW.LONGONE.COM.CN 36/51 26 27 iFind iFind 3 2018 2022 29.41%40.30%14.29%30.34%2023 36.18%25.71%2022 28 29 iFind iFind 4 2022 14.56 154.81%2021 34%2022 54%2023 59%6.757.799.6317.0727.0516.8854.20%15.41%23.55%77.22%58.53%46.25%0%20%40%60%80%100%0510152025302018 2019 2020 2021 2022 2023H1 0.971.351.813.988.184.383.50%39.83%33.56%120.49%105.24%24.06%0%20%40%60%80%100%120%140%01234567892018 2019 2020 2021 2022 2023H1 29.41%30.61%31.56%36.73%40.30%36.18%14.29%17.42%18.80%23.40%30.34%25.71%0%5%10%15%20%25%30%35%40%45%2018 2019 2020 2021 2022 2023H1(%)(%)HTTP:/WWW.LONGONE.COM.CN 37/51 30 31 2023H1%iFind iFind 5 1 SiC 6 6 SiC MOSFET 30 6 3300V 2 IGBT 60 A 40 Trench Field Stop 1200V IGBT SiC MOSFET 800V 2024-2030 SiC MOSFET IGBT SiC MOSFET SiC MOSFET 3 Trench Field Stop IGBT 2023 4.2.IGBT 1 1959+2008 DYnex75%IGBT IGBT 4 2014 8 IGBT 2017 IGBT 2018 IGBT 2021 IGBT 6 8 IGBT 6 5.817.0710.65 11.066.041.652.155.7114.569.920.300.380.601.200.910510152025302019 2020 2021 2022 2023H1 6.04,36%9.92,59%0.91,5%工业控制和电源新能源行业变频白电及其他 HTTP:/WWW.LONGONE.COM.CN 38/51 32 2 2022 180.34 19.26%25.56 26.67%2023 85.7 31.31%11.54 32.52%33 34 iFind iFind 3 2022 32.69%2023 31.08%2022 2023 14.37%13.87%0.91pcts 0.4pcts 2022 156.58163.04160.34151.21180.3485.73.40%4.13%-1.66%-5.69%19.26%31.31%-20%0%20%40%0204060801001201401601802002018 2019 2020 2021 2022 2023H1 26.1226.5924.7520.1825.5611.543.53%1.79%-6.91%-18.49%26.67%32.52%-40%-20%0%20%40%0510152025302018 2019 2020 2021 2022 2023H1 HTTP:/WWW.LONGONE.COM.CN 39/51 35 36 iFind iFind 4 2022 51.47 100.09%71.83%160.20%139.
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