【私募调研记录】潼骁投资调研盛美上海

Group 1 - The core viewpoint of the news is that Tongxiao Investment has conducted research on Shengmei Shanghai, highlighting the company's advancements in three-dimensional stacking electroplating equipment, high-temperature sulfuric acid cleaning equipment, and ALD furnace tube equipment [1] - Shengmei Shanghai's three-dimensional stacking electroplating equipment has achieved commercial validation in most clients in mainland China, while the high-temperature sulfuric acid cleaning equipment offers advantages such as reduced sulfuric acid consumption and elimination of acid mist splashing [1] - The ALD furnace tube equipment can handle temperatures up to 1250°C and has attracted interest from clients in China and Europe, with the company projecting revenue of 6.5 to 7.1 billion by 2025 [1] Group 2 - The company expects strong delivery in the second and third quarters, following a robust first quarter [1] - The overseas market is primarily focused on mainland China, with the panel-level horizontal electroplating equipment winning international awards, and product sales are set to expand globally [1] - The first PECVD equipment verification is progressing well, with more clients expected to validate it by 2025, and the company is open to acquisition opportunities while prioritizing organic growth and technological advantages [1]