Ge Long Hui A P P·2025-09-01 07:39Core Viewpoint - Guohai Securities report indicates that Northern Huachuang achieved a net profit attributable to shareholders of 3.21 billion yuan in the first half of the year, representing a year-on-year increase of 15% [1] Financial Performance - In Q2, the net profit attributable to shareholders was 1.63 billion yuan, showing a year-on-year decrease of 1.6% but a quarter-on-quarter increase of 2.9% [1] - As of the first half of 2025, the company's inventory amounted to 31.1 billion yuan, an increase of 23.5% compared to Q1 2025, indicating potential for future performance growth [1] Business Development - The company has a comprehensive layout in etching and thin film deposition equipment, continuously expanding into ion implantation and wet process equipment [1] - In the first half of 2025, the company officially entered the coating and developing equipment market through the acquisition of ChipSource Micro, a leading domestic manufacturer of front-end coating and developing machines and temporary bonding equipment [1] - ChipSource Micro's main products include front-end coating and developing machines, advanced packaging coating and developing machines, small-sized compound coating and developing machines, temporary bonding machines, and debonding machines [1] Market Position - The company is recognized as a leading domestic semiconductor equipment manufacturer and maintains a "buy" rating [1]