Recently, in a survey conducted by an institution, Anji Technology said that in the first quarter of 2021, due to the influence of some customers' income recognition adjustment and other reasons, operating income was relatively low, and the impact was alleviated in the second quarter. Operating income in the second quarter rose faster than that in the first quarter, and the third quarter was a relatively normal and healthy level of revenue, so we will see changes in the growth rate of the company in the third quarter. If you look at the quarterly revenue level of the company in 2-3 years, you can see that the company's operating income has a relatively steady growth trend.
With regard to the advantages of tungsten polishing solution, Anji Technology said, first of all, at the technical level, the performance of our products has reached the international level, and our R & D capability and production level of quality control ability have not been significantly different from those of international first-class competitors; secondly, the company's product line of tungsten polishing fluid has carried out an omni-directional layout and achieved mass production. Finally, compared with our overseas competitors, we have no geographical and cultural barriers with our mainland customers, we have faster response speed, we can cooperate and support closely with our customers, and under the current epidemic and other unfavorable factors, we have more strength to ensure the supply capacity of our products.
It is understood that the company's chemical mechanical polishing fluid products are mainly divided into copper and copper barrier polishing fluid, tungsten polishing fluid and dielectric material polishing fluid and so on. In terms of absolute value, the products of these three plates are growing, among which the products of copper and copper barrier polishing liquid are the company's oldest products, and its market share is also relatively high, with the increase of customer usage, its growth will be relatively steady; tungsten polishing fluid series products, as this is a new product of the company in recent years, its base is relatively small, so its growth rate will be faster.
Anji Technology points out that there are a variety of abrasives used in chemical mechanical polishing fluid, and even the silica sol in the abrasive can be subdivided into several categories. In addition to what we often say about silica sol, silicon dioxide, there are other new types of abrasives, such as aluminum trioxide, cerium dioxide and so on. The fund-raising project of our refinancing is coordinated and misplaced with the abrasives developed and produced by Shandong Ante, which was invested by the company before, and belongs to different kinds of abrasives.
In addition, with regard to fund-raising projects, Anji Science and Technology believes that we are already carrying out the research and development of several projects in this fund-raising project. and in terms of technology, there have been different stages of progress: some projects are still in the relatively early stage of technology development, and some projects have made certain breakthroughs in technology. On the whole, these projects that we landed in the chemical zone have been evaluated and demonstrated in the early stage, and they are all technically feasible.
