ACMSH(SH:688082) Ju Chao Zi Xun·2025-10-31 00:45Core Insights - The company reported a revenue of 5.146 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 29.42% [1] - The net profit attributable to shareholders reached 1.266 billion yuan, marking a significant increase of 66.99% year-on-year [1] - Research and development investment totaled 868 million yuan, accounting for 16.87% of the revenue, with a year-on-year growth of 41.89% [1] Industry and Company Performance - Since 2025, the semiconductor equipment market has been recovering, with an increase in the penetration rate of domestic equipment [3] - The company maintains a leading position in core product areas such as cleaning equipment due to technological innovation and accumulated customer resources [3] - As of September 29, the total amount of orders on hand reached 9.072 billion yuan, an increase of 34.10% year-on-year, providing solid support for future performance growth [3] - The company is optimizing production scheduling and accelerating delivery to meet the equipment demands of wafer fab customers at advanced process nodes [3] Capacity Expansion and Future Plans - The company has two production plants in the Lingang factory area, with Plant A already in operation and capable of reaching a full capacity of 10 billion yuan [3] - The current capacity at the Lingang factory supports the company's annual revenue target of 6.5 billion to 7.1 billion yuan [3] - Plant B is expected to be completed and operational by the second half of 2026, further expanding the company's high-end equipment capacity [3] - The company plans to continue increasing R&D investment, promote domestic substitution of key equipment, and upgrade its product matrix while enhancing international layout and after-sales service systems [3]