高盛：北方华创_长期需求稳健；三季度营收_净利同比增长 31% _ 36%；买入

10 October 2024 | 1:35AM HKT NAURA (002371.SZ): Long-term demand solid; 3Q Rev/ NI up 31% / 36% YoY; Buy We are positive on Naura's long-term growth potential, driven by the strong expansion of China foundries and IDMs for domestic capacities. According to our latest forecast, China's Semis capex will grow to US$36bn / US$40bn / US$42bn in 2024E / 2025E / 2026E, further increasing from the high base of US$30bn in 2023 (read more in our report). As the domestic SPE leader, we expect Naura's competitive produ ...