北方华创：Key beneficiary of semiconductor localization

29 May 2024 CMB International Global Markets | Equity Research | Company Update Naura Technology (002371 CH) Key beneficiary of semiconductor localization We recently held an NDR with Naura Technology's management and we maintain our positive outlook for the Company. We expect Naura to deliver robust revenue growth on capex expansion from downstream clients and accelerated semi localization trend. In addition, we believe the Company could be one of the beneficiaries of the recently launched "Big Fund III" ( ...