AMEC(SH:688012) Zhong Zheng Wang·2025-10-30 03:57Core Insights - The company reported significant growth in revenue and net profit for the first three quarters of 2025, with revenue reaching 8.063 billion yuan, a year-on-year increase of approximately 46.40%, and net profit of 1.211 billion yuan, up about 32.66% [1] - The revenue from etching equipment was 6.101 billion yuan, reflecting a year-on-year growth of approximately 38.26%, while revenue from LPCVD and ALD thin film equipment surged to 403 million yuan, marking a staggering increase of approximately 1332.69% [1] - The company's R&D expenditure for the first three quarters of 2025 was 2.523 billion yuan, an increase of about 63.44%, accounting for approximately 31.29% of total revenue [1] - The company is currently developing over twenty new devices across six categories, significantly accelerating its product development timeline from three to five years to just two years or less [1] - The company has seen a notable increase in the shipment volume of high-end products for critical etching processes in advanced logic and memory device manufacturing [1] - To meet the growing demand in the global semiconductor equipment market, the company is expanding its facilities, with the total area of its Chengdu R&D and production base expected to reach 750,000 square meters [2]