中微公司前三季度营收同比增长约46%

Core Viewpoint - The company reported significant revenue growth and increased R&D investment in its Q3 2025 financial results, indicating a strong market demand for its semiconductor equipment and a commitment to innovation. Financial Performance - The company achieved a revenue of 8.063 billion yuan in the first three quarters of 2025, representing a year-on-year growth of approximately 46.40% [1] - Revenue from etching equipment reached 6.101 billion yuan, up by about 38.26% [1] - Revenue from LPCVD and ALD thin film equipment surged to 403 million yuan, marking a staggering growth of approximately 1332.69% [1] - The net profit attributable to shareholders was 1.211 billion yuan, reflecting a year-on-year increase of about 32.66% [1] R&D and Product Development - The company has accelerated its R&D efforts, with R&D expenditure increasing by 979 million yuan (approximately 63.44%) year-on-year, accounting for about 31.29% of total revenue [1] - The company is currently developing over twenty new devices across six categories, significantly reducing the development time for new products to two years or less [2] - The company has seen a notable increase in the delivery of high-end products for critical etching processes in advanced logic and memory device manufacturing [2] Equipment and Market Position - The company’s CCP and ICP etching products are experiencing rapid growth, with the 60:1 ultra-high aspect ratio etching equipment becoming a standard in the domestic market [3] - The company has achieved single-atom level precision in its ICP etching equipment, with several thin film devices successfully entering the market and meeting international performance standards [3] - The company has maintained an average annual revenue growth of over 35% over the past 14 years and is projected to continue this trend with a 43.9% year-on-year revenue increase in the first half of 2025, reaching 4.961 billion yuan [4]