预计2025年度实现归属于母公司所有者的净利润为20.80亿元至21.80亿元，与上年同期(法定披露数据) 相比，将增加4.64亿元至5.64亿元，同比增长约28.74%至34.93%。 预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润为15.00亿元至16.00亿元，与上年 同期(法定披露数据)相比，将增加1.12亿元至2.12亿元，同比增加约8.06%至15.26%。 中微公司(688012.SH)发布2025年年度业绩预告，预计2025年营业收入约123.85亿元，较2024年增加约 33.19亿元，同比增长约36.62%。 根据市场需求，公司加大研发力度，新产品数量快速增加。2025年全年公司研发投入约37.36亿元，较 2024年增长12.83亿元(增长约52.32%)，研发投入占公司营业收入比例约为30.16%。 ...

Core Viewpoint - The company, Zhongwei, is primarily engaged in the research, production, and sales of high-end semiconductor equipment, serving various sectors within the semiconductor industry [1] Group 1: Company Overview - Zhongwei focuses on high-end semiconductor equipment, including areas such as semiconductor integrated circuit manufacturing, advanced packaging, LED production, MEMS manufacturing, and other microfabrication technologies [1] - The company's clientele includes leading domestic and international manufacturers of memory chips, logic chips, LED epitaxial wafers, and MEMS products [1]

Core Viewpoint - The company is a high-end semiconductor micro-processing equipment manufacturer based in China, targeting global markets, focusing on key equipment for integrated circuit front-end production and gradually expanding into various semiconductor-related fields [1] Group 1: Company Overview - The company specializes in developing plasma etching equipment, thin film deposition equipment, measurement equipment, and wet processing equipment [1] - The company is not involved in the production of photolithography machines [1] Group 2: Product Development - The company is progressively developing equipment for advanced packaging, MEMS, MiniLED, MicroLED, and OLED applications [1]

Core Viewpoint - The company anticipates significant revenue growth for 2025, driven by strong demand for its semiconductor equipment, particularly plasma etching devices and new product developments [2][3][4] Revenue Forecast - The company expects 2025 revenue to be approximately 12.385 billion yuan, representing a year-on-year increase of about 36.62% [2] - Sales of etching equipment are projected to reach around 9.832 billion yuan, with a growth of approximately 35.12% [2] - Revenue from LPCVD and ALD semiconductor film equipment is expected to be 506 million yuan, showing a substantial increase of about 224.23% [2] - The anticipated net profit attributable to shareholders is estimated to be between 2.08 billion yuan and 2.18 billion yuan, reflecting a year-on-year growth of approximately 28.74% to 34.93% [2] - The net profit excluding non-recurring items is projected to be between 1.5 billion yuan and 1.6 billion yuan, indicating an increase of about 8.06% to 15.26% [2] Product Development - The company has successfully developed over ten new types of conductor and dielectric film equipment in the past two years, with several products already in the market and receiving repeat orders [3] - The cumulative shipment of LPCVD equipment has surpassed 300 reaction chambers, and multiple key film deposition equipment R&D projects are progressing smoothly [3] - The EPI equipment has entered the customer mass production verification stage [3] - The company maintains a leading position in the international GaN-based MOCVD equipment market and is actively expanding into markets for SiC and GaN-based power device applications [3] Production Capacity and R&D Investment - The company has operational production and R&D bases of approximately 140,000 square meters in Nanchang and 180,000 square meters in Shanghai, supporting rapid sales growth [4] - The company emphasizes innovation and differentiation, maintaining high levels of R&D investment, with 2025 R&D expenditure expected to be around 3.736 billion yuan, an increase of 1.283 billion yuan (approximately 52.32%) from the previous year [4] - R&D expenses are projected to be about 2.472 billion yuan, reflecting a growth of approximately 74.36% [4] - R&D investment is expected to account for about 30.16% of the company's revenue in 2025 [4]

Major Announcements - Huayi Co., Ltd. has applied for a 5-day extension to respond to the Shanghai Stock Exchange's inquiry regarding its acquisition matters due to the need for further confirmation and improvement of certain issues [1] - Shuaifeng Electric is expected to report a net loss of 43 million to 62 million yuan for 2025, with revenue projected between 210 million and 250 million yuan, potentially leading to a delisting risk warning for its stock [1] - Zijin Mining's second phase of the Julong Copper Mine has commenced production, increasing its total production capacity to 350,000 tons per day, with plans for a third phase that could significantly enhance copper output [1] Performance Forecasts - Yongchun Intelligent expects a net profit of 128 million to 155 million yuan for 2025, representing a year-on-year increase of 721.57% to 894.86% [3] - Fuda Alloy anticipates a net profit of 100 million to 146 million yuan for 2025, with a growth of 119.14% to 219.95% driven by expanding demand in emerging sectors [4] - Xiling Power forecasts a net profit of 90 million to 110 million yuan for 2025, reflecting a year-on-year increase of 77.82% to 117.33% due to rising sales in automotive parts [4] - Haoshi Electromechanical expects a net profit of 128 million to 165 million yuan for 2025, with a growth of 54.4% to 99.03% attributed to increased demand in the PCB market [4] - Shenkong Co., Ltd. predicts a net profit of 90 million to 110 million yuan for 2025, with a growth of 118.71% to 167.31% driven by the recovery in the semiconductor market [5] - Lianchuang Optoelectronics anticipates a net profit of 435 million to 532 million yuan for 2025, representing a growth of 80.36% to 120.57% [5] - Xiangnong Chip expects a net profit of 480 million to 620 million yuan for 2025, with a growth of 81.77% to 134.78% driven by demand for enterprise-level storage products [6] - Shuangyi Technology forecasts a net profit of 155 million to 172 million yuan for 2025, reflecting a growth of 80% to 100% [6] - Feirongda anticipates a net profit of 360 million to 420 million yuan for 2025, with a growth of 57.23% to 83.43% [8] - Jingfang Technology expects a net profit of 365 million to 385 million yuan for 2025, representing a growth of 44.41% to 52.32% [9] - Youbuxun predicts a net profit of 72 million to 107 million yuan for 2025, marking a turnaround from a loss of 150 million yuan in the previous year [10] - Zhongwei Company anticipates a net profit of 2.08 billion to 2.18 billion yuan for 2025, with a growth of 28.74% to 34.93% [11] Loss Forecasts - Shanying International expects a net loss of 850 million to 1 billion yuan for 2025, compared to a loss of 451 million yuan in the previous year [12] - Baiyin Nonferrous Metals anticipates a net loss of 450 million to 675 million yuan for 2025, a significant decline from a profit of 8.08 million yuan in the previous year [13] - Zhengzhou Coal Electricity plans to stop production at the Chao Hua Coal Mine due to resource depletion, expecting to recognize a 311 million yuan impairment loss [17] - Changcheng Electric forecasts a net loss of approximately 315 million yuan for 2025, compared to a loss of 225 million yuan in the previous year [17] - Standard Co. expects a net loss of 120 million to 140 million yuan for 2025, with a reduction in losses compared to the previous year [17] - Hongqingtian anticipates a net loss of 100 million to 150 million yuan for 2025, with a decline in revenue due to weak consumer demand [17]

Core Viewpoint - The company, Zhongwei Company (688012.SH), anticipates significant revenue and profit growth for 2025, driven by strong demand for its semiconductor equipment, particularly plasma etching devices and thin film deposition equipment [1][2]. Financial Projections - The company expects a revenue of approximately 12.385 billion yuan in 2025, an increase of about 3.319 billion yuan from 2024, representing a year-on-year growth of approximately 36.62% [1]. - Projected sales for etching equipment are around 9.832 billion yuan, reflecting a year-on-year growth of approximately 35.12% [1]. - Revenue from LPCVD and ALD semiconductor thin film equipment is expected to reach 506 million yuan, showing a substantial year-on-year increase of approximately 224.23% [1]. - The anticipated net profit attributable to the parent company for 2025 is estimated to be between 2.08 billion and 2.18 billion yuan, indicating a year-on-year growth of approximately 28.74% to 34.93% [1]. - The projected net profit, excluding non-recurring gains and losses, is expected to be between 1.5 billion and 1.6 billion yuan, reflecting an increase of approximately 8.06% to 15.26% year-on-year [1]. Product Development and Market Position - The company's plasma etching equipment is recognized as a core device in the semiconductor front-end market, characterized by a broad market space and high technical barriers [2]. - The company has seen a significant increase in the shipment volume of high-end products for critical etching processes in advanced logic and memory device manufacturing [2]. - The company has successfully developed over ten new types of conductor and dielectric thin film equipment in the past two years, with several new products already entering the market [2]. - Some of the new equipment has received repeat orders, and the cumulative shipment of LPCVD equipment has surpassed 300 reaction chambers [2]. - Ongoing research and development projects for multiple key thin film deposition equipment are progressing smoothly, and the EPI equipment has entered the client mass production verification phase [2].

Core Viewpoint - Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd. expects a revenue growth of over 36% to 12.385 billion RMB in 2025, driven by strong sales of etching and film equipment [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 2.08 billion to 2.18 billion RMB in 2025, representing a year-on-year increase of approximately 28.74% to 34.93% [1] - Core net profit, excluding non-recurring gains and losses, is projected to be between 1.5 billion and 1.6 billion RMB, with a growth range of 8.06% to 15.26% [1] - The company expects a significant increase in non-recurring gains, with equity investment income estimated at 611 million RMB, up from 198 million RMB the previous year [3] Group 2: Business Growth and R&D Investment - The company plans to invest 3.736 billion RMB in R&D for 2025, a 52.32% increase from the previous year, which is significantly higher than the average for companies listed on the Sci-Tech Innovation Board [2] - The core plasma etching equipment continues to gain recognition from domestic and international clients, with cumulative shipments of etching equipment expected to exceed 6,800 units by the end of 2025 [2] - The film equipment business is experiencing explosive growth, with LPCVD and ALD equipment revenue reaching approximately 506 million RMB, a staggering increase of 224.23% [1][2] Group 3: Supply Chain and Production Capacity - The company has expanded its production and R&D bases in Nanchang and Shanghai, covering approximately 140,000 and 180,000 square meters, respectively [3] - To ensure stable equipment delivery rates, the company is actively developing key component suppliers to enhance supply chain security [3] Group 4: Technological Advancements - The company has made significant progress in the development of CCP and ICP equipment, achieving single-atom level precision in processing [2] - In the compound semiconductor sector, the company maintains a leading position in GaN-based MOCVD equipment and is actively developing SiC applications [4]

证券代码：688012 证券简称：中微公司 公告编号：2026-010 中微半导体设备（上海）股份有限公司 2025 年年度业绩预告的自愿性披露公告 公司预计 2025 年度实现归属于母公司所有者的扣除非经常性损益的净 利润为 15.00 亿元至 16.00 亿元，与上年同期（法定披露数据）相比，将增加 1.12 亿元至 2.12 亿元，同比增加约 8.06%至 15.26%。 公司针对先进逻辑和存储器件制造中关键刻蚀工艺的高端产品新增付运 量显著提升，先进逻辑器件中段关键刻蚀工艺和先进存储器件的超高深宽比刻蚀 工艺实现了稳定可靠的大规模量产。其中 CCP 方面，公司用于关键刻蚀工艺的 单反应台介质刻蚀产品保持高速增长，能够全面覆盖存储器刻蚀应用中各类超高 深宽比需求；ICP 方面，适用于下一代逻辑和存储客户用 ICP 刻蚀设备和化学气 相刻蚀设备开发取得了良好进展，加工的精度和重复性已达到单原子水平。到 2025 年底，刻蚀设备反应台全球累计出货超过 6,800 台。公司的 CDP 产品部门 为先进存储器件和逻辑器件开发的 LPCVD, ALD 等十多款导体和介质薄膜设备 已经顺利进入市场，并且设备性能完全 ...

Core Viewpoint - The company expects significant growth in net profit for 2025, driven by advancements in its core semiconductor equipment and new product developments. Group 1: Financial Performance - The company forecasts a net profit attributable to shareholders of 2.08 billion to 2.18 billion yuan for 2025, representing a year-on-year increase of 28.74% to 34.93% [1] - The expected net profit excluding non-recurring gains and losses is projected to be 1.5 billion to 1.6 billion yuan, with a year-on-year growth of 8.06% to 15.26% [1] Group 2: Product Development and Market Position - The company's plasma etching equipment, a core device in semiconductor manufacturing, has gained recognition from more clients, leading to a significant increase in shipments of high-end products for advanced logic and memory devices [1] - Over the past two years, the company has developed more than ten new types of conductor and dielectric film equipment, with several products already in the market and some receiving repeat orders [2] - The company maintains a leading position in the international GaN-based MOCVD equipment market and is actively expanding into markets for SiC and GaN-based power devices [2] Group 3: Production and R&D Capabilities - The company has operational production and R&D bases in Nanchang (140,000 square meters) and Shanghai (180,000 square meters), which support rapid sales growth [2] - The company emphasizes innovation and differentiation, maintaining high levels of R&D investment while improving operational management and cost control [2]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 中微公司：预计2025年净利润为20.80亿元至21.80亿元，同比增长约28.74%至34.93%。 风险提示及免责条款 ...