【私募调研记录】晨燕资产调研盛美上海

Group 1 - The core viewpoint of the article highlights that Shengmei Shanghai is focusing on expanding its overseas market presence and is confident in increasing its sales share in this segment [1] - Shengmei Shanghai has raised its addressable market in China to $7 billion, based on the assumption of a $40 billion semiconductor equipment market size by 2030 [1] - The company reported nearly 40% revenue growth in the second quarter, driven by strong equipment sales and demand [1] - Shengmei Shanghai maintains its full-year performance guidance unchanged, with contract liabilities defined as prepayments after product debugging acceptance [1] - The discrepancy in financial reports is attributed to different accounting standards, and the existing capacity at the Lingang plant is sufficient to support the annual performance guidance, with plans for additional capacity next year [1] Group 2 - Shanghai Chenyun Asset Management Center (Limited Partnership) was established in April 2015 and focuses on investing in leading companies with certain changes in the secondary market [2] - The investment research system of Chenyun Asset is based on high execution capability, integrating various investment strategies and frameworks throughout the research process [2] - The company has a clear asset allocation framework to determine the risk-return ratio between equity and other asset classes, and it excels in identifying suitable investment sectors with favorable risk-return profiles [2]