中微公司2025年营收大增36.62% 扣非净利润稳步增长

Financial Performance - The company achieved total operating revenue of approximately 12.385 billion yuan in 2025, representing a year-on-year growth of 36.62% [1] - The net profit attributable to the parent company was approximately 2.111 billion yuan, with a year-on-year increase of 30.69% [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was approximately 1.550 billion yuan, reflecting a year-on-year growth of 11.64% [1] - Total assets at the end of the reporting period were approximately 29.772 billion yuan, an increase of 13.56% compared to the beginning of the year [1] - The equity attributable to the parent company was approximately 22.695 billion yuan, up 14.99% from the beginning of the year [1] Product Development and Sales - Sales of plasma etching equipment reached approximately 9.832 billion yuan, a year-on-year increase of 35.12% [1] - The company has developed over ten new types of conductor and dielectric film equipment in the past two years [1] - Sales of LPCVD and ALD equipment were approximately 506 million yuan, with a significant year-on-year growth of 224.23% [1][2] Market Position and R&D Investment - The company maintains a leading position in the international GaN-based MOCVD equipment market and is actively expanding into markets for SiC and GaN-based power device applications [2] - The company plans to increase R&D investment to approximately 3.744 billion yuan in 2025, a year-on-year increase of about 52.65% [2] - R&D expenses are projected to be 2.475 billion yuan, reflecting a year-on-year growth of approximately 74.61% [2] Capacity and Supply Chain Management - The company has operational production and R&D bases in Nanchang and Shanghai, totaling over 320,000 square meters, supporting rapid sales growth [3] - The company emphasizes the development of key component suppliers to ensure a stable and secure supply chain, maintaining a high equipment delivery rate [3] - Continuous innovation and differentiation in core technologies are prioritized, with enhanced operational management capabilities to control product costs and operational expenses effectively [3]