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富创精密: 2025年半年度报告

Core Viewpoint - Shenyang Fortune Precision Equipment Co., Ltd. reported a significant increase in revenue but a substantial decline in net profit for the first half of 2025, primarily due to strategic investments in capacity, technology, and talent to adapt to the semiconductor market changes [4][5][6]. Financial Performance - Revenue for the first half of 2025 reached CNY 172,377.24 million, a 14.44% increase compared to CNY 150,630.16 million in the same period last year [4]. - Total profit decreased by 84.92% to CNY 1,982.49 million from CNY 13,147.08 million year-on-year [4]. - Net profit attributable to shareholders fell by 89.92% to CNY 1,227.64 million from CNY 12,180.08 million [4]. - The basic earnings per share dropped by 92.73% to CNY 0.04 from CNY 0.55 [4]. Industry Context - The global semiconductor manufacturing industry is expected to grow at a compound annual growth rate (CAGR) of 7% from 2024 to 2028, driven by the expansion of advanced process capacity [7]. - The global semiconductor equipment market is projected to reach USD 125.5 billion in 2025, with a year-on-year growth of 7.4% [8]. - China is anticipated to maintain its position as the largest semiconductor equipment market, with sales expected to reach USD 49.6 billion in 2024, a 35% increase year-on-year [8][9]. Strategic Initiatives - The company is focusing on a "big customer strategy" to enhance service capabilities for global semiconductor equipment leaders, aiming to provide comprehensive solutions from mechanical components to gas transmission systems [10][12]. - The company has made significant investments in R&D, particularly in the development of precision components for semiconductor equipment, achieving breakthroughs in various product lines [11][14]. - A strategic acquisition of international brand Compart has been made to enhance the company's capabilities in the gas transmission system sector, which is critical for semiconductor manufacturing [13]. Competitive Advantages - The company has established a strong network of high-end customers and has been certified by several leading domestic and international equipment manufacturers, enhancing its credibility and market position [15][16]. - The implementation of a flexible manufacturing model and a localized production strategy has improved the company's responsiveness to regional demands and strengthened its competitive edge [18][19].