长川科技：上半年半导体检测设备需求旺盛

Core Viewpoint - Hangzhou Changchuan Technology Co., Ltd. expects a significant increase in net profit for the first half of 2025, projecting between 360 million to 420 million yuan, representing a year-on-year growth of 67.54% to 95.46% [2] Group 1: Financial Performance - The company attributes its strong performance to the rapid growth in the integrated circuit industry, leading to high customer demand for its products [2] - Sales orders across all product lines have significantly increased compared to the same period last year, aided by the company's scale effects [2] Group 2: Research and Development - Changchuan Technology has consistently increased its R&D expenditure from 645 million yuan in 2022 to 967 million yuan in 2024, maintaining an R&D expense ratio above 25% [2] - The company has achieved comprehensive independent R&D capabilities and holds over 1,000 domestic and international patents in integrated circuit testing equipment [2] Group 3: Talent and Innovation - As of December 31, 2024, the company has 2,059 R&D personnel, making up over 50% of its total workforce, ensuring a strong foundation for continuous innovation [3] - Experts highlight that the high R&D investment supports new product iterations, enhancing product value and profitability, thereby improving the company's resilience [3] Group 4: Capital Raising and Future Plans - On June 25, the company announced a plan to raise up to 3.132 billion yuan through a private placement of A-shares, with 2.192 billion yuan allocated for semiconductor equipment R&D projects [3] - The funds will be used to purchase R&D equipment and resources to enhance the technology depth of testing machines and AOI devices, addressing diverse market needs [3]