Ge Long Hui A P P·2025-12-02 06:18Core Viewpoint - The report from Huazhong Securities indicates that Northern Huachuang's net profit attributable to shareholders for Q3 2025 reached 1.9 billion yuan, reflecting a year-on-year increase of 15% and a quarter-on-quarter increase of 18% [1] Group 1: Financial Performance - The rapid growth in Q3 performance is attributed to the increasing demand in the domestic integrated circuit equipment market and a steady rise in market share driven by efficient R&D [1] - The company's R&D expenses for the first three quarters amounted to approximately 3.3 billion yuan, representing a year-on-year increase of 48% [1] Group 2: Strategic Initiatives - Continuous investment in technology has effectively enhanced the process coverage, laying a solid foundation for the company's long-term high-quality development [1] - The company has announced a new round of equity incentives with positive assessment conditions, which is beneficial for fully stimulating the core team's enthusiasm and aligning employee interests with the company's long-term development [1] Group 3: Investment Rating - The company maintains a "Buy" rating [1]