Time flies, eight years of dedicated and innovative work, SPS becomes the most popular national brand in the precision industry. In the essential high end precision equipment fields that SPS is fond of, such as perovskites in the new energy field, advanced packaging in the semiconductor field, displays and sensors in the electronic information field, etc., SPS has won the first choice and favor of many first-tier companies, repurchase rate is the best proof.

Thanks to the rapid advancement of perovskite cell technology, from small-scale research and development in the laboratory to large-scale mass production at square meter level, demand is intense and opportunities are vast. SPS, which holds the core technology of precision coating, is fortunate to accompany almost all customers in China who are committed to perovskite industrialization. Three years ago, SPS successfully defeated Japanese and German giant rivals, won the bidding for GCL’s world’s first perovskite pilot line, with her 1*2 sq meters size slot coating equipment. It successfully passed the final acceptance within 4 months, more attractive,  operating stably without technical troubles over 2 consecutive years. In the past three years, SPS won the vast majority of essential equipment orders for square meters of perovskite, titled the highest market share company in the global perovskite market. What is even more exciting is that SPS has not only taken the lead in breaking China's long-term reliance on imports of high-end coating equipment, but has also entered the supply chain of top Western companies and successfully delivered core perovskite equipment.

One of the biggest motivations for SPS to move forward is to take responsibility for the country in the global economic and technological transformation, and seeking the company's own positioning and development in VUCA era. The soul of SPS's development relies on the continuous innovation plus featured business model. In 2024, SPS stands at a new height and starting the new journey of industry development in multiple dimensions.

In the field of perovskite, SPS capability has successfully expanded from three-piece precision equipment to a total solution. In early 2024, SPS Yangzhou Intelligent Equipment successfully landed in Yangzhou Economic Development Zone. The world's first "SPS Perovskite Industrial Park" is in full scale; the "SPS Perovskite Industrial Park" with an investment of 300 million and a construction area of 38,000 square meters in the first phase is in the swift process. The "SPS Perovskite Research Institute" 2nd phase platform will be inaugurated by the end of 2024. The 2+2 platform includes two 300mm*300mm single-junction perovskite lab lines, two 100MWs-level pilot platforms (one square meter size single-junction perovskite pilot line, and one 1000pc/h high-throughput crystalline silicon -perovskite tandem pilot line). All this will contribute to the fast, efficient and cost-effective industrialization of perovskite technology in the 2025-2030 cycle, as well as the iteration of the entire chain of perovskite materials/equipment/processes.

While investing heavily in the perovskite industry, the core coating equipment deployed by SPS in the early years of integrated circuits and display device has also achieved the great success of import substitution, SPS commercial delivery indicate SPS becoming a heavy weight player in the trillion-level advanced packaging of integrated circuits. 
 
The growth of an enterprise benefits from a great era. We are grateful that China is in a great era of vertical and horizontal development and three-dimensional development. The ambitious carbon peaking and neutrality goals, the self-sufficient semiconductor strategy, and the ascendant electronic information industry have brought in short-term opportunities and long-term tracks. Although the path is long and full of challenges, for SPS, who is brave enough to compete with the world's strongest players, these are exactly the exciting moments and inspiring drumbeats for progressing. We will always uphold SPS's motto: action and become the terminator of all challenges!
 
Founder Chairman 
Dr. Wang Jinshan 
May 2024 in Shanghai