中微公司(688012) - 2025 Q2 - 季度业绩预告

Performance Forecast Overview The company forecasts significant H1 2025 performance growth, with revenue increasing by approximately 43.88% to 4.961 billion CNY, and net profit attributable to shareholders growing 31.61% to 41.28% to 680-730 million CNY Key Performance Indicators Forecast for H1 2025 | Indicator | Estimated Amount/Range (CNY) | YoY Growth Rate | | :--- | :--- | :--- | | Operating Revenue | Approx. 4.961 billion | Approx. 43.88% | | Net Profit Attributable to Shareholders | 680 million - 730 million | 31.61% - 41.28% | | Non-GAAP Net Profit Attributable to Shareholders | 510 million - 560 million | 5.54% - 15.89% | H1 2024 Performance Review | Indicator | Amount (CNY) | | :--- | :--- | | Operating Revenue | 3.448 billion | | Net Profit Attributable to Shareholders | 517 million | | Non-GAAP Net Profit Attributable to Shareholders | 483 million | - This performance forecast represents preliminary estimates by the finance department and has not been audited by a certified public accountant[6] Analysis of Performance Changes Performance growth is primarily driven by strong core business, especially significant revenue increases from etching and LPCVD thin-film equipment, alongside substantial R&D investment and positive fair value changes Revenue Growth Drivers H1 2025 Revenue Growth by Business Segment | Business Segment | Revenue (CNY) | YoY Growth Rate | | :--- | :--- | :--- | | Total Operating Revenue | Approx. 4.961 billion | Approx. 43.88% | | Etching Equipment | Approx. 3.781 billion | Approx. 40.12% | | LPCVD Thin-Film Equipment | Approx. 199 million | Approx. 608.19% | - Revenue growth is primarily due to a significant increase in shipments of high-end products for advanced logic and memory device manufacturing, achieving large-scale mass production in various critical etching processes[8] Profit Change Drivers - A 43.88% increase in operating revenue led to a gross profit increase of approximately 552 million CNY, serving as the primary source of profit growth[9][10] - Fair value change gains and investment income from external equity investments totaled approximately 172 million CNY, an increase of about 180 million CNY compared to a 8 million CNY loss in the same period last year, significantly boosting profit[9] - The growth rate of non-GAAP net profit attributable to shareholders (5.54%-15.89%) is significantly lower than that of net profit attributable to shareholders (31.61%-41.28%), primarily because a substantial increase in R&D expenses (+549 million CNY) eroded part of the operating gross profit growth (+552 million CNY)[10] R&D Investment and Product Innovation H1 2025 R&D Investment Overview | Indicator | Amount (CNY) | YoY Growth | % of Revenue | | :--- | :--- | :--- | :--- | | R&D Investment | Approx. 1.492 billion | Approx. 53.70% | Approx. 30.07% | | R&D Expenses | 1.116 billion | Approx. 96.65% | - | - The company's R&D investment as a percentage of revenue (approx. 30.07%) is significantly higher than the average of 10%-15% for STAR Market listed companies[2][9] - The company's R&D projects cover six major categories and over twenty new equipment models, with new product development cycles significantly accelerated from three to five years to two years or less[2][8] Risk Warning and Other Disclosures The company states there are no significant uncertainties affecting the accuracy of this performance forecast, reminding investors that disclosed data are preliminary and final financial figures will be based on the official H1 2025 report - The company confirms no significant uncertainties exist that would affect the accuracy of this performance forecast[11] - The final accurate financial data will be based on the company's officially disclosed H1 2025 semi-annual report, advising investors to be aware of investment risks[12]