Cctech(SZ:300604) Zheng Quan Ri Bao Wang·2025-09-23 08:47Core Viewpoint - Changchuan Technology is expected to achieve significant profit growth in the coming quarters, driven by strong market demand in the semiconductor industry and an increase in product orders [1][2]. Financial Performance - The company forecasts a net profit attributable to shareholders of between 827 million to 877 million yuan for the first three quarters of 2025, representing a year-on-year increase of 131.39% to 145.38% [1]. - For the third quarter alone, the expected net profit is between 400 million to 450 million yuan, reflecting a year-on-year growth of 180.67% to 215.75% [1]. Market Demand and Product Development - The growth in performance is attributed to the continuous increase in market demand for semiconductor testing equipment, with robust customer demand leading to substantial sales revenue growth [1]. - Changchuan Technology has maintained its market leadership in semiconductor testing equipment and is focusing on high-end applications, including digital testing devices and automated optical inspection (AOI) equipment [1][2]. Strategic Initiatives - The company plans to enhance its strategic layout through acquisitions, specifically aiming to acquire 49% of Kewaiseng Visual Technology (Suzhou) Co., Ltd., with a total investment of approximately 119 million yuan [2][3]. - This acquisition is intended to optimize and integrate industry resources, improve operational management, and enhance decision-making efficiency [3]. Technological Advancements - The acquisition of Kewaiseng is expected to bolster the company's R&D capabilities in AOI equipment, leveraging Kewaiseng's core visual software platform and algorithms to improve precision and stability [3]. - The demand for high-end testing equipment, particularly AOI devices, is anticipated to be a key growth area in the semiconductor testing sector [3].