Sunic System产能翻四倍，订单积压达6420亿韩元
THE ELEC本月访问了Sunic System位于京畿道平泽Brain City的扩建生产基地。该公司新建办公楼已投入使用，产能扩大至原来的四倍，订单积压金额达6420亿韩元。Sunic System为半导体设备供应商，此次扩产将提升其OLED及显示设备交付能力，对上游元器件供应链的产能保障具有积极意义。
原文深度解读
本文报道了THE ELEC对韩国半导体及显示设备供应商Sunic System位于京畿道平泽Brain City扩建生产基地的实地探访。公司新建办公楼和Plant A已完工，Plant B在建，产能将扩大至水原总部的四倍。截至6月底，订单积压达6420亿韩元，超过去年全年营收。公司正为Gen 8.6 OLED、OLEDoS及钙钛矿设备需求做准备。文章涉及时间（2025年）、关键数字（订单积压、营收、产能等），与电子元器件供应链相关，因设备交付影响上游元器件需求。
- Sunic System的Brain City生产基地占地22,628平方米，总建筑面积15,756平方米，Plant A已完工，Plant B预计10月底完工，产能约为水原总部的四倍。
- 截至6月底，订单积压为6420亿韩元，较3月底的5823亿韩元增加约600亿韩元，且超过去年全年营收5158亿韩元。
- 去年营收从2024年的1129亿韩元增长至5158亿韩元，增长超过四倍；营业利润从79亿韩元增至1115亿韩元，主要源于大型OLED设备交付的收入确认。
- 今年上半年营收为363亿韩元，营业亏损87亿韩元，但主要设备出货集中在下半年，沉积设备需在订单后完成客户定制设计、制造、出货、安装和检查后才确认收入。
- Sunic System自2017年起供应OLEDoS沉积设备，上半年获得三家客户订单，下半年目标新增四家，全年共七家；1月与中国Goerpixel Technology签订410亿韩元合同，2月与安徽鸿喜微显科技签订206亿韩元合同，若所有客户投资落实，今年OLEDoS设备订单预计约2000亿韩元。
- OLEDoS设备投资增加，行业从单发射层转向串联结构，Sunic System估计串联设备成本约为单层结构的1.5倍；TrendForce预测AR/VR/MR设备用OLEDoS微显示器需求将从2025年的160万台增至2030年的3150万台。
供应链影响
- Sunic System产能扩大可能增加对上游真空泵、腔体、传输系统等关键元器件的采购需求，具体取决于设备订单的落实和交付进度。
- OLEDoS设备订单增长可能带动硅基板、微型OLED相关材料及零部件的供应链需求，但取决于客户投资计划是否转化为实际订单。
- Gen 8.6 OLED设备的大型化可能要求上游供应商提供更大尺寸的真空腔体和传输部件，供应链可能面临定制化需求。
- 钙钛矿设备业务可能为上游材料（如钙钛矿前驱体）和组件带来新需求，但大规模量产投资尚未开始，影响可能有限。
- 订单积压超过去年营收，可能意味着未来交付压力，供应链可能需配合加速交付，但取决于公司生产安排和客户验收进度。
系统解读，仅作为判断线索，不构成备货、出货、涨价或投资建议。
已完工的A厂房和在建的B厂房。（照片：THE ELEC）
本月早些时候，THE ELEC参观了Sunic System位于京畿道平泽Brain City的扩建生产基地。穿过一栋带有公司标志的新建办公楼，A厂房生产设施的入口经过一个内壁和天花板布满圆形喷嘴的风淋室，进入一个空荡荡的洁净室。A厂房最近获得使用许可，计划于10月底开始运营。
隔壁B厂房的场景则不同。其钢架结构仍暴露在外，大型空调管道贯穿内部。外墙安装正在进行中，高空作业平台和建筑材料环绕建筑。B厂房也计划于10月底完工。
Sunic System正在扩大其生产设施，以适应更大的设备和激增的订单。该公司正在为与第8.6代有机发光二极管（OLED）、硅基OLED（OLEDoS）以及新型钙钛矿业务相关的设备订单做准备。
已完工的A厂房一景。（照片：THE ELEC）
Brain City生产基地占地22,628平方米，规划总建筑面积15,756平方米。A厂房生产设施和办公楼已完工。一旦B厂房完工，Sunic System将拥有约为水原总部四倍规模的生产基础设施。对额外产能的需求从其订单积压中可见一斑：截至6月底，订单积压达6420亿韩元，较3月底的5823亿韩元增加约600亿韩元。该积压订单也超过去年全年营收5158亿韩元。
公司去年业绩大幅增长。营收从2024年的1129亿韩元增长至5158亿韩元，增长超过四倍，营业利润从79亿韩元增至1115亿韩元。这一增长反映了大型OLED设备交付的收入确认。
Sunic System今年上半年营收为363亿韩元，营业亏损87亿韩元。然而，主要设备的出货集中在下半年。沉积设备在订单后需经过客户定制设计、制造、出货、安装和检查后才确认收入，导致订单与收入确认之间存在时间差。
A厂房洁净室。（照片：THE ELEC）
仅靠现有生产设施将限制Sunic System在承接额外订单的同时制造超过6400亿韩元积压订单的能力。Brain City的A和B厂房旨在应对这一增长。设备尺寸增大是另一个因素。Sunic System已从小型研发用OLED沉积设备扩展到采用精细金属掩模（FMM）方法为BOE第8.6代OLED生产线制造量产设备。更大的基板需要更大的真空腔体和传输系统，以及更多的设备组装和测试空间。
新生产设施也将用于OLEDoS设备。OLEDoS是一种在硅晶圆上形成OLED的微显示技术。其提供紧凑、高分辨率显示的能力使其适用于扩展现实（XR）设备和智能眼镜。
Sunic System自2017年起供应相关沉积设备。上半年从三家客户获得设备订单，并寻求在下半年再增加四家，使今年客户总数达到七家。
1月，Sunic System与中国Goerpixel Technology签署了410亿韩元的合同，供应微型OLED沉积设备，随后于2月与安徽鸿喜微显科技签署了206亿韩元的合同。如果所有七家客户的投资计划转化为实际订单，Sunic System今年的OLEDoS设备订单预计约为2000亿韩元。
在建的B厂房一景。（照片：THE ELEC）
OLEDoS设备的投资也在增加。行业正从单发射层结构转向堆叠两个发射层的串联架构，增加了沉积工艺和设备配置的数量。Sunic System估计，串联设备成本约为单层结构设备的1.5倍。
TrendForce预测，用于增强现实（AR）、虚拟现实（VR）和混合现实（MR）设备的OLEDoS微显示器需求将从2025年的160万台增至2030年的3150万台。面板制造商通常在成品需求之前投资生产线，这意味着设备订单会更早发生。
Sunic System还将为显示器开发的真空沉积技术应用于钙钛矿领域。它开发了用于钙钛矿太阳能电池电子传输层（ETL）的干式沉积设备，支持Gen 8基板，并已向全球太阳能公司交付设备，积累了业绩记录。
钙钛矿作为与硅太阳能电池结合以提高发电效率的串联太阳能电池材料而备受关注。大规模量产投资尚未真正开始，但主要太阳能公司正在进行试生产并为商业化做准备。
Sunic System办公楼内部一景。（照片：THE ELEC）
Sunic System还在开发使用钙钛矿作为发光材料的下一代显示器的沉积设备。该公司正在将其通过OLED设备业务开发的真空和薄膜沉积技术扩展到OLEDoS、太阳能电池和下一代显示器。
Brain City生产基地将与Sunic System水原总部并行运营，两地分工。生产空间将根据设备类型和项目进度分配，新设施用于组装大型设备和执行客户特定项目。
新生产基地的建设将在A厂房开始运营和B厂房于10月完工后完成。Sunic System计划利用扩大的生产空间，将其沉积设备的应用从现有的OLED业务扩展到OLEDoS和钙钛矿。
“我们扩大了Brain City的生产基础设施，以在全球OLED投资增长中引领下一代OLEDoS显示市场的变革，并为预期的中长期设备需求激增做准备，”Sunic System一位官员表示。
Completed Plant A and Plant B under construction. (Photo: THE ELEC)
THE ELEC visited Sunic System's expanded production base in Brain City, Pyeongtaek, Gyeonggi Province, earlier this month. Past a newly built office building bearing the company logo, the entrance to the Plant A production facility led through an air shower lined with circular nozzles along the walls and ceiling and into an empty cleanroom. Plant A, which recently received approval for use, is scheduled to begin operations at the end of October.
The scene next door at Plant B was different. Its steel frame remained exposed, with large air-conditioning ducts running through the interior. Exterior-wall installation was underway, with aerial work platforms and construction materials surrounding the building. Plant B is also scheduled for completion at the end of October.
Sunic System is expanding its production facilities to accommodate larger equipment and a surge in orders. The company is preparing for equipment orders related to Gen 8.6 organic light-emitting diode (OLED), OLED-on-silicon (OLEDoS) and new perovskite businesses.
A view of the completed Plant A. (Photo: THE ELEC)
The Brain City production base covers a site area of 22,628 square meters, with a planned total floor area of 15,756 square meters. Construction of the Plant A production facility and office building has been completed. Once Plant B is finished, Sunic System will have production infrastructure about four times the scale of its Suwon headquarters. The need for additional capacity is evident in its order backlog, which stood at 642 billion won at the end of June, up about 60 billion won from 582.3 billion won at the end of March. The backlog also exceeds last year's annual revenue of 515.8 billion won.
The company's performance grew sharply last year. Revenue increased more than fourfold to 515.8 billion won from 112.9 billion won in 2024, while operating profit rose to 111.5 billion won from 7.9 billion won. The increase reflected revenue recognition from deliveries of large OLED equipment.
Sunic System posted first-half revenue of 36.3 billion won and an operating loss of 8.7 billion won this year. Shipments of major equipment, however, are concentrated in the second half. Deposition equipment is recognized as revenue only after customer-specific design, manufacturing, shipment, installation and inspection following an order, creating a time lag between orders and revenue recognition.
Plant A cleanroom. (Photo: THE ELEC)
Existing production facilities alone would constrain Sunic System's ability to manufacture its backlog of more than 640 billion won while taking additional orders. Plants A and B at Brain City are intended to address that growth. Increasing equipment size is another factor. Sunic System has expanded from small OLED deposition equipment for research and development (R&D) to mass-production equipment using the fine metal mask (FMM) method for BOE's Gen 8.6 OLED lines. Larger substrates require bigger vacuum chambers and transfer systems, as well as more space for equipment assembly and test runs.
The new production facilities will also be used for OLEDoS equipment. OLEDoS is a microdisplay technology that forms OLEDs on silicon wafers. Its ability to deliver compact, high-resolution displays makes it suitable for extended reality (XR) devices and smart glasses.
Sunic System has supplied related deposition equipment since 2017. It secured equipment orders from three customers in the first half and is seeking to add four more in the second half, bringing the total to seven customers this year.
In January, Sunic System signed a 41 billion won contract with China's Goerpixel Technology to supply micro-OLED deposition equipment, followed by a 20.6 billion won contract with Anhui Hongxi Weixian Technology in February. If investment plans by all seven customers translate into actual orders, Sunic System's OLEDoS equipment orders this year are estimated at around 200 billion won.
A view of Plant B under construction. (Photo: THE ELEC)
Investment in OLEDoS equipment is also increasing. The industry is shifting from single-emission-layer structures to tandem architectures that stack two emission layers, increasing the number of deposition processes and equipment configurations. Sunic System estimates that tandem equipment costs about 1.5 times as much as equipment for single-stack structures.
TrendForce forecasts demand for OLEDoS microdisplays used in augmented reality (AR), virtual reality (VR) and mixed reality (MR) devices will rise from 1.6 million units in 2025 to 31.5 million units in 2030. Panel makers typically invest in production lines ahead of demand for finished products, meaning equipment orders occur earlier.
Sunic System is also applying the vacuum deposition technology it developed for displays to the perovskite sector. It has developed dry deposition equipment for electron transport layers (ETL) in perovskite solar cells that supports Gen 8 substrates and has secured a track record of equipment deliveries to global solar companies.
Perovskite is attracting attention as a material for tandem solar cells that combine it with silicon solar cells to improve power-generation efficiency. Large-scale mass-production investment has yet to begin in earnest, but major solar companies are conducting pilot production and preparing for commercialization.
Interior view of Sunic System's office building. (Photo: THE ELEC)
Sunic System is also developing deposition equipment for next-generation displays that use perovskite as a light-emitting material. The company is extending the vacuum and thin-film deposition technologies developed through its OLED equipment business into OLEDoS, solar cells and next-generation displays.
The Brain City production base will operate alongside Sunic System's Suwon headquarters, with the two sites dividing roles. Production space will be allocated according to equipment type and project schedules, with the new facilities used for assembling large equipment and carrying out customer-specific projects.
Construction of the new production base will be completed after Plant A begins operations and Plant B is finished in October. Sunic System plans to use the expanded production space to broaden the application of its deposition equipment from its existing OLED business to OLEDoS and perovskite.
"We expanded our Brain City production infrastructure to lead changes in the next-generation OLEDoS display market amid growing global OLED investment and to prepare for an expected surge in medium- to long-term equipment demand," a Sunic System official said.