半导体设备行业整合潮起，1700亿中微公司拟控股杭州众硅

Core Viewpoint - The company is planning to acquire a controlling stake in Hangzhou Zhonggui Electronic Technology Co., Ltd. through a share issuance, aiming to strengthen its position in the semiconductor equipment sector and enhance its core technology portfolio [1] Group 1: Acquisition Details - The company has reached a preliminary agreement with the major shareholders of Hangzhou Zhonggui and signed a "Share Issuance Purchase Agreement" [1] - Currently, the company holds 12.0429% of Hangzhou Zhonggui's shares, making it the second-largest shareholder; if the acquisition is completed, it will control 46.9508% of the shares [1] Group 2: Business Strategy - The acquisition aligns with the company's strategy to build a world-class semiconductor equipment platform and expand its integrated circuit coverage through both organic growth and mergers and acquisitions [1] - The company focuses on plasma etching and thin film deposition equipment, while Hangzhou Zhonggui specializes in high-end chemical mechanical polishing (CMP) equipment, which is a key category in wet processing equipment [2] Group 3: Financial Performance - From 2020 to 2024, the company's total revenue is projected to grow from 2.273 billion to 9.065 billion yuan, with net profit increasing from 492 million to 1.616 billion yuan [2] - In the first three quarters of 2025, the company achieved total revenue of 8.063 billion yuan, a year-on-year increase of 46.40%, and net profit of 1.211 billion yuan, up 32.66% [3] - The company has significantly increased its R&D investment, with expenditures reaching 2.523 billion yuan in the first three quarters of 2025, a 63.44% increase year-on-year, representing approximately 31.29% of total revenue [3]