Core Viewpoint - The company reported significant revenue growth in the first half of 2025, driven by increased product competitiveness and successful customer certifications, despite a decline in net profit due to high costs associated with new product validations [1][2][3]. Financial Performance - The company achieved operating revenue of 1.954 billion yuan, a year-on-year increase of 54.25% [1][2]. - The net profit attributable to shareholders was 94.288 million yuan, a decrease of 26.96% year-on-year, while the net profit excluding non-recurring gains and losses was 38.188 million yuan, an increase of 91.35% [1][3]. - In Q2 2025, the company recorded a net profit of 241 million yuan, a year-on-year increase of 103.37% and a significant improvement from Q1 [2][3]. Product and Market Development - The company specializes in high-end semiconductor equipment, with products including PECVD, ALD, and advanced bonding equipment, which are widely used in the domestic integrated circuit manufacturing sector [1][2]. - The company has successfully expanded its customer base while maintaining strong relationships with leading domestic wafer manufacturers, resulting in increased market penetration [2]. - As of the end of the reporting period, contract liabilities reached 4.536 billion yuan, a 52.07% increase compared to the end of 2024, indicating a solid order backlog for future revenue growth [2]. Research and Development - The company invested 349 million yuan in R&D, representing 17.87% of its operating revenue, reflecting a commitment to innovation [3]. - The company has shipped over 3,000 reaction chambers, including more than 340 new types, and has entered over 70 production lines, showcasing its growing production capacity [3]. Operational Efficiency - The company's film deposition equipment demonstrated excellent stability, with an average uptime exceeding 90%, aligning with international standards [4]. - Cumulative wafer production using the company's deposition equipment surpassed 343 million pieces, indicating robust application in production lines [4].