{"product_id":"wonikquartz-swot-analysis","title":"Wonik QnC SWOT Analysis","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElevate Your Analysis with the Complete SWOT Report\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eOur Wonik QnC SWOT snapshot highlights competitive manufacturing strengths, innovation in Q\u0026amp;C systems, and exposure to cyclical markets — but there’s more beneath the surface.\u003c\/p\u003e\n\u003cp\u003ePurchase the full SWOT analysis to receive a professionally written, editable Word report plus an Excel matrix with research-backed insights, strategic recommendations, and financial context to support investment or planning decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etrengths\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Market Leadership in Quartzware\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWonik QnC dominates the global quartzware market, supplying roughly 40% of consumables for wafer fabrication in 2024, and its products are critical for high‑temperature CMP and diffusion steps used by TSMC, Samsung Foundry, and Intel. This leadership yields pricing power—gross margins near 34% in 2024—and multi‑year supply contracts that smooth revenue across semiconductor cycles, with 2024 recurring sales about $220M. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVertical Integration via Momentive Technologies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe 2024 acquisition of Momentive Technologies secures Wonik QnC roughly 40% of its high‑purity quartz needs in‑house, cutting material costs by an estimated 6–8% and boosting gross margins; this vertical integration lowers supplier disruption risk (Momentive serves \u0026gt;30% of global semiconductor quartz demand) and supports proprietary quartz blends for advanced nodes, creating a product moat competitors find hard to copy.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTier-1 Global Customer Base\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWonik QnC has long-term supply ties with Samsung Electronics, SK Hynix, and TSMC, customers that together drove \u0026gt;60% of global NAND\/DRAM\/logic fab capex in 2024, ensuring predictable order flow as they expand fabs through 2025–2026.\u003c\/p\u003e\n\u003cp\u003eQualification by these tier-1 fabs creates a high entry barrier: few rivals match Wonik QnC’s track record of multi-year approvals and audited supply performance, protecting market share and pricing power.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdvanced Cleaning and Coating Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWonik QnC pairs advanced cleaning and coating services with its equipment, extending semiconductor component life and reducing customer downtime; service revenue accounted for about 28% of 2024 sales, cushioning cyclicality from tool orders.\u003c\/p\u003e\n\u003cp\u003eHigher-margin recurring contracts—average gross margin ~42% in 2024—support stable cash flow, and rising chip node complexity (more than 60% of leading fabs using 3nm\/5nm processes by 2025) increases demand for precision cleaning.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eService = 28% of 2024 revenue\u003c\/li\u003e\n\u003cli\u003eGross margin ~42% on services (2024)\u003c\/li\u003e\n\u003cli\u003e3nm\/5nm fab adoption \u0026gt;60% by 2025\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRobust R\u0026amp;D and Innovation Pipeline\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWonik QnC reinvests ~6–7% of annual sales into R\u0026amp;D (2024: KRW 24.3bn), funding new ceramic materials and synthetic quartz for sub-3nm process tools to address tighter specs and extreme thermal\/chemical environments.\u003c\/p\u003e\n\u003cp\u003eThis pipeline targets fabs migrating to EUV and advanced node packaging; successful product trials in 2024 cut defect rates by ~12% on partner tools, keeping Wonik relevant as manufacturing shifts.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eR\u0026amp;D spend: ~6–7% revenue (2024: KRW 24.3bn)\u003c\/li\u003e\n\u003cli\u003eFocus: ceramics, synthetic quartz for sub-3nm\u003c\/li\u003e\n\u003cli\u003eImpact: ~12% defect reduction in 2024 trials\u003c\/li\u003e\n\u003cli\u003ePosition: aligned with EUV and extreme-environment needs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Strengths-Lightning-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWonik QnC: 40% quartzware share, $220M recurring revenue, strong fab ties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eWonik QnC holds ~40% quartzware share (2024), recurring revenue ~$220M (2024) with overall gross margin ~34% and service mix 28% (service GM ~42%); vertical integration via Momentive (2024) cuts material cost ~6–8% and supports proprietary blends; long-term contracts with TSMC\/Samsung\/SK Hynix supply \u0026gt;60% of fab capex through 2025–26; R\u0026amp;D ~6–7% revenue (KRW 24.3bn, 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eQuartzware share\u003c\/td\u003e\n\u003ctd\u003e~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecurring revenue\u003c\/td\u003e\n\u003ctd\u003e$220M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGross margin\u003c\/td\u003e\n\u003ctd\u003e~34%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eService mix \/ GM\u003c\/td\u003e\n\u003ctd\u003e28% \/ ~42%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eR\u0026amp;D spend\u003c\/td\u003e\n\u003ctd\u003eKRW 24.3bn (~6–7% rev)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaterial cost cut (Momentive)\u003c\/td\u003e\n\u003ctd\u003e~6–8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFab capex customers\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;60% through 2025–26\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eAnalyzes Wonik QnC’s competitive position by outlining its core strengths and weaknesses and identifying external opportunities and threats shaping strategic and market outcomes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eProvides a concise, editable SWOT snapshot of Wonik QnC for rapid strategy alignment and easy integration into presentations and reports.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eW\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eeaknesses\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Sensitivity to Semiconductor Cycles\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWonik QnC’s revenue and operating income swing with semiconductor capex: 2023 sales fell 18% year-on-year after a chip-capacity pullback, and EMS-related orders dropped ~22% in Q1 2024, highlighting sensitivity to industry cycles. When oversupply or downturns hit, customers delay equipment and cut utilization, causing sharp quarterly earnings volatility and complicating multi-year planning. Stock volatility rose: 12-month beta ~1.6 as of Dec 2024, making share-price stability tough for investors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Capital Expenditure Requirements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eWonik QnC faces high capital expenditure: R\u0026amp;D and plant upgrades drove CAPEX to about 78 billion KRW in 2024, forcing continuous investment in new facilities and advanced machinery to stay competitive.\u003c\/p\u003e\n\u003cp\u003eThese large fixed costs strain cash flow during industry slowdowns—revenue fell 6% YoY in H1 2025—reducing free cash flow and raising leverage risk.\u003c\/p\u003e\n\u003cp\u003eContinuous reinvestment limits available capital for dividends or non-core moves; dividend payout ratio remained low at ~8% in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeographical Concentration Risks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpa significant portion of wonik qnc revenue in fy2024 comes from south korea and two international hubs so regional shocks hit earnings hard. a export slowdown cut quarterly sales by illustrating vulnerability to local demand swings trade disruptions. management expansion plans target new markets but geographic diversification remains incomplete. if downturn lasts months ebitda could fall proportionally given concentration.\u003e\n\u003c\/pa\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegration Complexity of Global Subsidiaries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManaging Wonik QnC’s global subsidiaries, including Momentive’s ~USD 1.2bn revenue scale in 2024, raises administrative and cultural burdens that can slow decision-making and inflate SG\u0026amp;A by several percentage points.\u003c\/p\u003e\n\u003cp\u003eDifferences in governance and ops standards risk process inefficiencies and cost overruns; failed integrations often cut EBITDA margin by 100–300 bps in comparable deals.\u003c\/p\u003e\n\u003cp\u003eCross-time-zone and multilingual coordination demands heavy management time and can require \u0026gt;5% annual headcount or $10–20m systems spend to standardize communication.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMomentive ~USD 1.2bn revenue (2024)\u003c\/li\u003e\n\u003cli\u003eIntegration can cut EBITDA 100–300 bps\u003c\/li\u003e\n\u003cli\u003eStandardization may need \u0026gt;5% headcount or $10–20m\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDependency on Specialized Technical Talent\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe manufacturing of high-purity quartz and ceramics is niche, needing specialist engineers and scientists; Wonik QnC reported R\u0026amp;D headcount of ~210 in 2024, so losing 5–10% of that staff could delay projects by 6–12 months.\u003c\/p\u003e\n\u003cp\u003eLoss of key staff risks IP leakage to competitors; patent filings fell 8% YoY in 2023–24, showing talent strain.\u003c\/p\u003e\n\u003cp\u003eCompeting globally raises labour costs—average senior engineer pay rose ~12% in Korea 2024—pushing OPEX higher.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eR\u0026amp;D headcount ~210 (2024)\u003c\/li\u003e\n\u003cli\u003ePatent filings down 8% YoY (2023–24)\u003c\/li\u003e\n\u003cli\u003eSenior engineer pay +12% in Korea (2024)\u003c\/li\u003e\n\u003cli\u003e5–10% staff loss → 6–12 month delays\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/SWOT-Content-Weaknesses-Cloud-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eChip capex squeezes FCF as sales slump; high beta and dividend keep investors cautious\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRevenue and EBITDA swing with chip capex; 2023 sales -18% YoY, EMS orders -22% Q1 2024; 12‑month beta ~1.6 (Dec 2024). CAPEX ~78bn KRW (2024) squeezes FCF; H1 2025 revenue -6% YoY; dividend payout ~8% (2024). FY2024 Korea+2 hubs = 58% revenue. R\u0026amp;D headcount ~210 (2024); patent filings -8% YoY.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003e2023 sales change\u003c\/td\u003e\n\u003ctd\u003e-18%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCAPEX 2024\u003c\/td\u003e\n\u003ctd\u003e78bn KRW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBeta (12m)\u003c\/td\u003e\n\u003ctd\u003e1.6\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eWonik QnC SWOT Analysis\u003c\/h2\u003e\n\u003cp\u003eThis is the actual SWOT analysis document you’ll receive upon purchase—no surprises, just professional quality.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":56752753901945,"sku":"wonikquartz-swot-analysis","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/wonikquartz-swot-analysis.png?v=1772244941","url":"https:\/\/matrixbcg.com\/products\/wonikquartz-swot-analysis","provider":"MatrixBCG","version":"1.0","type":"link"}