CMS·2025-03-30 15:16Investment Rating - The industry investment rating is maintained as "Recommended" [1][2]. Core Insights - The SEMICON China conference showcased the advancements in domestic semiconductor equipment, highlighting the launch of new products and the acceleration of localization in components [1][18]. - The focus on platformization and innovation in semiconductor equipment is expected to enhance the overall domestic manufacturing capabilities [1][11]. - The increasing attention on domestic components is driven by the need for supply chain security amid rising export controls from the US [18][19]. Summary by Sections 1. New Product Launches and Innovations - New Kai Lai's debut at SEMICON demonstrated significant advancements in domestic semiconductor equipment, covering four major categories: diffusion, etching, thin film deposition, and measurement [8][11]. - Domestic equipment manufacturers are accelerating the launch of new products and enhancing their platformization strategies, with companies like North Huachuang and Huahai Qingke expanding their product lines [11][13]. 2. Focus on Domestic Component Localization - The SEMICON conference has increased the focus on domestic components, with expectations for accelerated localization processes in 2025 due to heightened export controls [18][19]. - Domestic manufacturers are actively replacing imported components, with significant progress reported in the supply of key components from local suppliers [19]. 3. Investment Recommendations - The report suggests monitoring companies benefiting from platformization and technological innovations, such as North Huachuang, Zhongwei Company, and Tuo Jing Technology [21]. - Attention is also recommended for component manufacturers like Fuchuang Precision and Xinlai Materials, which are expected to see growth from the acceleration of domestic component localization [21].