AMEC(SH:688012) Zheng Quan Ri Bao·2025-05-27 16:13Core Viewpoint - The company, Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd., reported significant growth in revenue and profit for 2024, with a focus on high R&D investment to enhance product competitiveness and market position by 2035 [1][2][3]. Financial Performance - In 2024, the company achieved operating revenue of 9.065 billion yuan, a year-on-year increase of 44.73%, maintaining an average annual growth rate of over 40% for nearly four years [1]. - The net profit attributable to shareholders, excluding non-recurring items, was approximately 1.388 billion yuan, reflecting a year-on-year growth of 16.51% [1]. - R&D investment reached 2.452 billion yuan in 2024, a 94.31% increase, accounting for about 27.05% of operating revenue [1]. R&D and Product Development - The company is currently developing over 20 new devices, including advanced plasma etching equipment and various deposition technologies [2]. - The time required to develop a new product has significantly decreased from 3-5 years to just 18 months, with mass production achievable within 6 to 12 months [2]. - The company aims to enhance its R&D capabilities to address external limitations and ensure smooth production lines domestically [2]. Market Position and Strategy - The global semiconductor industry is experiencing new growth opportunities driven by advancements in AI, cloud computing, and autonomous driving [3]. - The company focuses on high-quality development and aims to create differentiated, proprietary high-end equipment products while avoiding low-end competition [3]. - Since its IPO, the company has invested in over 30 upstream and downstream enterprises, achieving significant economic benefits and strategic synergies [3]. Supply Chain and Tariff Impact - The company has minimized reliance on U.S. suppliers for critical components, enhancing the localization of its supply chain [4]. - By developing high-quality suppliers and fostering domestic core suppliers, the company has improved its supply chain autonomy and resilience [4].