Piotech (SH:688072) Zheng Quan Shi Bao·2025-08-13 05:51Core Viewpoint - The company,拓荆科技, is expected to achieve significant revenue and profit growth in Q2 2025, driven by advancements in semiconductor equipment and increased market penetration [1][2][3] Financial Performance - The company forecasts Q2 2025 revenue between 1.21 billion to 1.26 billion, representing a year-on-year growth of 52% to 58% [1] - Expected net profit for Q2 2025 is projected to be between 238 million to 247 million, indicating a year-on-year increase of 101% to 108% [1] - The anticipated non-GAAP net profit is estimated at 215 million to 224 million, reflecting a substantial growth of 235% to 249% year-on-year [1] - The company reported a revenue of 709 million in Q1 2025, a 50.22% increase year-on-year, but a net loss of 147 million [2] Product and Market Position - 拓荆科技 is a leading enterprise in the domestic market for various semiconductor deposition equipment, including PECVD, ALD, and HDPCVD [1] - The company has developed two main product lines: semiconductor thin film deposition equipment and hybrid bonding equipment [1] - The company is actively capitalizing on the domestic substitution strategy in semiconductor equipment, enhancing its market penetration and product recognition [2][3] Operational Developments - The company is in the process of constructing a high-end semiconductor equipment industrialization base, which is progressing as planned [2] - The company has a sufficient backlog of orders and is continuously launching new products and processes, which are currently in successful validation and scaling production [2] - The anticipated increase in cash flow from operating activities in Q2 2025 is attributed to significant growth in advance payments and sales collections compared to the previous year [3]