富创精密(688409)：国产半导体设备零部件龙头

Core Viewpoint - The company is a leading manufacturer of precision components in the semiconductor equipment sector, with a strong focus on high-quality metal parts and a complete manufacturing capability that meets stringent standards [1] Group 1: Company Overview - The company has been established since 2008 and specializes in precision mechanical manufacturing, high cleanliness surface treatment, welding, assembly, and testing [1] - The company achieved a revenue of 1.724 billion yuan in the first half of 2025, representing a year-on-year growth of 14.44% [1] Group 2: Market Potential - The global semiconductor equipment sales are projected to reach 125.5 billion USD by 2025, leading to an estimated global semiconductor components market size exceeding 60 billion USD, with China's market expected to surpass 26.3 billion USD [1] Group 3: Financial Performance - The company has maintained steady revenue growth for three consecutive years since 2022, with a revenue of approximately 1.724 billion yuan in the first half of 2025, reflecting a robust growth trend [1] - The company is increasing forward-looking investments to adapt to changes in the domestic and international semiconductor markets, which has led to short-term profit pressure [1] Group 4: Global Strategy - The company is building a global production capacity matrix with active capacity layouts in Shenyang, Nantong, Beijing, and Singapore, meeting the systematic, standardized, and traceable requirements of the global semiconductor equipment sector [1]