Shiming Technology Flags Risks for 5,000-Ton LCD Photoresist Pigment Project

Shiming Technology issued an abnormal trading announcement outlining risks tied to a new LCD display photoresist nano-pigment dispersion project undertaken by its wholly owned subsidiary, Changshu Shiming Chemical Technology Co., Ltd. According to Jin10, the project is designed for annual output of 5,000 tons and will be built in two phases, with Phase I scheduled for completion by the end of December 2026 and Phase II by the end of June 2028. The company said the long construction timeline could face delays due to factors such as equipment delivery, construction progress, and customer verification schedules. The company said LCD color photoresist pigment dispersion involves high technical barriers and downstream customer validation cycles are lengthy. It added that the project faces risks that R&D, mass production, and customer bulk adoption may fall short of expectations. Shiming Technology also noted that some production equipment and core raw materials rely on imports, and that international trade policies and overseas supply chain volatility could constrain commissioning and stable operations. The company said its benefit calculations are based on prudent assumptions including industry demand, capacity ramp-up, and product pricing. It warned that if demand in downstream LCD panel and photoresist industries contracts or if price competition from overseas manufacturers intensifies, the project’s revenue and net profit after reaching full capacity may not meet the estimated levels.