PNC(SH:603690) Zhong Guo Zheng Quan Bao·2025-11-16 20:13Core Viewpoint - The company emphasizes the importance of maintaining a stable supply chain over short-term financial calculations, positioning itself strategically within the semiconductor industry [1]. Group 1: Company Strategy and Development - The company has evolved into a comprehensive service provider covering "process-equipment-materials" after 25 years in the industry, achieving full process coverage in wet processing equipment and establishing a fully domestic 12-inch wafer gas supply factory for 28nm technology [1][2]. - The company focuses on overcoming the most challenging technical gaps in the semiconductor manufacturing process, aiming for full process coverage in wet processing and maintaining a long-term commitment to technological breakthroughs [2][3]. - The company has successfully developed and completed equipment for the 28nm node, with all platforms having orders, and is also making progress in advanced wet processing equipment [2]. Group 2: Technological Innovation and R&D - The company has applied for a total of 865 patents, including 356 invention patents, and has 615 authorized patents, showcasing its innovation capabilities [3]. - The company balances depth in technology research with broad application, ensuring that its production capabilities align with market needs while also preparing for future strategic technology reserves [3][4]. Group 3: Financial Management - The company has set a debt ratio control range of no less than 50% and no more than 65%, aiming to ensure sufficient funds for development opportunities while managing risks effectively [5]. Group 4: Industry Ecosystem and Partnerships - The company has established a strong presence in the domestic semiconductor market, achieving high bid rates for high-purity process systems and providing comprehensive solutions tailored to customer needs [6]. - The company has formed specialized teams to cultivate local upstream supply chains, emphasizing its commitment to becoming the preferred supplier for its customers [6].