迈为股份近6月股价涨2倍市值574亿 营收10%投研发专注智能制造装备

Core Viewpoint - Maiwei Co., Ltd. has attracted market attention with its stock price reaching a new high, closing at 205.32 CNY per share, marking a 20% increase on December 29, 2025 [2][3][7] Company Performance - Over the past six months, Maiwei's stock price has more than doubled, with a current market capitalization of 57.4 billion CNY [4] - The company has maintained a growth trajectory, achieving double revenue and profit increases from 2015 to 2024 [5] - Despite a decline in performance in the first three quarters of 2025 due to market adjustments in the photovoltaic and display sectors, the company still reported a profit of 663 million CNY [6][16] Research and Development - Maiwei invests approximately 10% of its annual revenue into R&D, with a reported R&D expenditure of 672 million CNY in the first three quarters of 2025, reflecting a 3.86% increase year-on-year despite a revenue decline [4][15] - The company has developed nine core technologies that are considered advanced, contributing to its competitive edge in the market [15] Market Position and Products - Maiwei specializes in intelligent manufacturing equipment, focusing on the photovoltaic, display, and semiconductor industries, leveraging key technologies in vacuum, laser, and precision equipment [4][13] - The company has successfully broken the import monopoly in the photovoltaic sector with its solar cell screen printing production line and has expanded its market presence internationally [14] - In the semiconductor sector, Maiwei has entered mass production of etching and thin-film deposition equipment, achieving a leading market share in domestic wafer laser grooving equipment [14] Shareholder Actions - The actual controllers of Maiwei, Zhou Jian and Wang Zhenggen, have not sold their shares since the company's IPO in 2018, demonstrating confidence in the company's future [9][12] - The company has consistently paid dividends since its listing, with cumulative dividends amounting to approximately 1.349 billion CNY, and a dividend payout ratio exceeding 30% from 2022 to 2024 [12]