Xin Lang Cai Jing·2025-08-22 07:37Core Viewpoint - The company anticipates significant revenue growth in the first half of 2025, driven by increased sales of advanced etching equipment and LPCVD film equipment, despite a lower growth rate in net profit due to higher R&D expenditures [1] Financial Performance - The company expects a revenue of approximately 4.961 billion yuan for the first half of 2025, representing a year-on-year increase of about 43.88% [1] - The projected net profit attributable to the parent company for the same period is between 680 million yuan and 730 million yuan, reflecting a year-on-year increase of 31.61% to 41.28% [1] - Revenue from etching equipment is expected to grow by approximately 40.12%, reaching 3.781 billion yuan, while LPCVD film equipment revenue is projected to increase by 608.19%, reaching 199 million yuan [1] R&D and Product Development - The company is currently developing over twenty new devices across six categories, significantly accelerating its product development timeline from three to five years to two years or less for competitive new devices [1] - R&D investment for the first half of 2025 is approximately 1.492 billion yuan, an increase of 521 million yuan (about 53.70%) year-on-year, accounting for a significant portion of the company's expenses [1] Market Position and Strategy - The company is actively expanding into new product categories and aims to build a platform-based business model, achieving notable success in new product development, with over 150 LPCVD film equipment units shipped [1] - The company has adjusted its net profit forecasts for 2025-2026 to 2.107 billion yuan (a 22% reduction) and 3.198 billion yuan, respectively, due to weaker demand in the downstream mature process chip market and slower domestic construction of mature logic production lines [1]