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财通证券:首予中芯国际“增持”评级 拟购买中芯北方49%股权
智通财经网·2025-09-23 03:02

Group 1 - The core viewpoint of the report is that the semiconductor market in China is experiencing steady growth, which is positively impacting the wafer foundry market [1] - The report projects revenue for the company to be $9.258 billion, $10.823 billion, and $12.628 billion for the years 2025, 2026, and 2027 respectively, with net profit estimates of $679 million, $895 million, and $1.217 billion for the same years [1] - The report highlights that the Chinese semiconductor market is expected to reach a scale of $185.114 billion in 2024, representing a year-on-year growth of 20%, with a CAGR of 7.29% from 2014 to 2024 [1] Group 2 - The company focuses on the research and development of integrated circuit process technologies, successfully developing various technology nodes for 8-inch and 12-inch wafers [2] - The company has established long-term collaborations with well-known domestic and international clients, enhancing its industry recognition [2] - The planned acquisition of a 49% stake in Zhongxin North by the company is expected to improve asset quality, enhance business synergy, and promote long-term development [2]