AMEC(SH:688012) Zhong Zheng Wang·2025-08-28 13:40Core Insights - The company reported a revenue of 4.961 billion yuan for the first half of 2025, representing a year-on-year growth of 43.88% [1] - The net profit attributable to shareholders reached 706 million yuan, with a year-on-year increase of 36.62% [1] - Research and development (R&D) investment for the first half of 2025 amounted to 1.492 billion yuan, showing a growth of 53.7% and accounting for over 30% of total revenue [1] Product Development - The product development cycle has been reduced from three to five years to two years or less [1] - The company’s plasma etching equipment is utilized by leading international clients in advanced integrated circuit manufacturing lines from 65nm to 5nm [1] - The MOCVD equipment has been mass-produced on the production lines of industry-leading clients [1] - New LPCVD and ALD thin film equipment developed in the past two years have entered the market and received large-scale repeat orders [1] Strategic Initiatives - The company plans to integrate upstream and downstream resources within the industry as a key growth strategy [1] - There is an active consideration of investments and acquisitions to accelerate company growth [1] - The company aims to cover over 60% of the equipment market in key areas of integrated circuits through independent R&D and partnerships over the next five to ten years [1]