Core Viewpoint - Changchuan Technology (300604.SZ) is expected to see significant growth in its net profit for the first half of 2025, with estimates ranging from 360 million to 420 million yuan, indicating a year-on-year increase of 67.54% to 95.46% [3][4]. Financial Performance - The projected net profit for the first half of 2025 is close to the total net profit for the entire year of 2024, suggesting that Changchuan Technology is on track to achieve a historical high in net profit for 2025 [6]. - The company's first-quarter growth rate exceeded 2,500%, although this was influenced by a low base from the previous year [5]. Industry Context - The semiconductor testing equipment industry has shown sustained growth since 2024, with Changchuan Technology being a key player in the domestic market [7][9]. - The company has successfully supplied its products to major integrated circuit firms, contributing to the import substitution of testing machines and sorting machines [15]. Product and Market Position - Changchuan Technology's core business focuses on sample and finished product testing, with approximately 90% of its revenue in 2024 coming from testing machines and sorting machines [13]. - The company is also attempting to make breakthroughs in the probe station sector, although progress has been slow, with project timelines extended to the end of 2025 [16]. Competitive Landscape - The high-end testing machine market is still dominated by foreign companies, with major players holding over 66% market share in 2024 [15]. - Other domestic competitors in the testing machine sector include Huafeng Measurement Control and Liandong Technology, both of which have also reported significant growth in net profit [19][20]. Future Outlook - The overall outlook for domestic semiconductor testing equipment companies remains positive, with many expected to achieve record highs in performance within the year [28].

今天A股科创板有新股申购！ 格隆汇获悉，6月27日，北京屹唐半导体科技股份有限公司（简称"屹唐半导体"或"屹唐股份"）申购，发行价格8.45元/ 股，保荐人为国泰海通证券股份有限公司。 鉴于今年A股打新赚钱效应较好，建议积极参与申购。据统计，截至6月26日，2025年登陆A股的51家新股上市首日全 部收涨，且首日平均涨幅超229%。可见打中大A新股后在上市首日卖出，赚钱的概率很大，只是打新中签率很低。 屹唐股份（688729）主要从事集成电路制造过程中所需晶圆加工设备的研发、生产和销售，面向全球集成电路制造厂 商提供包括干法去胶设备、快速热处理设备、干法刻蚀设备在内的集成电路制造设备及配套工艺解决方案。 根据Gartner统计数据，在快速热处理设备领域，2023年公司凭借13.05%的市场占有率位居全球第二，而排名第一的应 用材料市场占有率高达69.66%；在干法刻蚀领域，公司凭借0.21%的市场占有率位居全球第九，而前三大厂商泛林半 导体、东京电子及应用材料合计占有全球83.95%的市场份额。公司在快速热处理及干法刻蚀领域，与国际巨头相比市 场占有率仍有较大差距。 | 项目 | 2024 年度 | | 20 ...

内容概况：半导体CVD设备是半导体产业链的"心脏"设备之一，其技术水平直接决定了芯片的性能、良 率和制造成本。随着半导体制造工艺向大尺寸晶圆发展，均匀的薄膜沉积对于保证整片晶圆上器件性能 的一致性至关重要，半导体CVD设备在这方面表现出色。与此同时，半导体CVD设备所形成的薄膜具 有良好的致密性和附着力，良好的致密性能够有效阻挡外界杂质的侵入，提高半导体器件的稳定性和可 靠性；而强附着力则确保薄膜在后续的加工和使用过程中不会轻易脱落，保障了器件的长期性能。近年 来，随着国内半导体市场的迅速崛起，特别是5G、物联网、人工智能等新兴技术的普及，国内对芯片 的需求量呈现出爆炸式的增长，推动了中国半导体CVD设备行业的快速发展。据统计，中国半导体 CVD设备行业市场规模从2015年的45.32亿元增长至2024年的524.56亿元，年复合增长率为31.27%。随 着摩尔定律的延续和先进封装、化合物半导体的兴起，半导体CVD设备将向高精度、低能耗、多功能 集成方向发展，而国产设备厂商的自主创新将成为中国半导体产业自主可控的关键环节。 相关上市企业：拓荆科技（688072）、北方华创（002371）、微导纳米（68814 ...

ACM Research, Inc. (ACMR) closed at $26.51 in the latest trading session, marking a +1.77% move from the prior day. This move outpaced the S&P 500's daily gain of 0.8%. At the same time, the Dow added 0.94%, and the tech-heavy Nasdaq gained 0.97%. Shares of the company have appreciated by 14.71% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.5%, and the S&P 500's gain of 5.12%.Market participants will be closely following the financial results of ACM Research ...

Chip designers and software giants tend to hog the spotlight in the artificial intelligence (AI) hyper-build. Yet beneath the surface of these household names, a robust ecosystem of less heralded companies is quietly laying the groundwork for AI's explosive growth. These are the "hidden gems" -- businesses with critical, often foundational, contributions that make the AI revolution possible.While many investors flock to the obvious players, shrewd eyes are turning toward those supplying the "picks and shove ...

© Cohu, Inc. All rights reserved. Page 1 Cautionary Statement Regarding Forward-Looking Statements COHU INVESTOR PRESENTATION Forward-Looking Statements: Certain statements contained in this presentation may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including savings or value from higher yield or increasing productivity; systems installed base statements and any related financial results; assessments regarding market position fo ...

Group 1 - Applied Materials (NASDAQ: AMAT) is the broadest supplier of semiconductor equipment and is well positioned to benefit from industry megatrends, particularly in AI [1] - Long-term growth in wafer fab equipment (WFE) spending is expected to continue at a high-single-digit rate [1] - The company has a strong affinity towards the technology sector, focusing on being at the forefront of technological advancements [1] Group 2 - The analysis is shaped by extensive experience in equity research and investment banking services, advising on M&A transactions, capital raising, and strategic financial planning [1] - There is a commitment to bridging the gap between institutional-grade analysis and retail investors' access to high-quality, data-driven insights [1]

For the exclusive use of JATIN CHAWLA at TVF CAPITAL ADVISORS PTE LTD on 22-Jun-2025 22 June 2025 Global Semiconductor Capital Equipment China WFE Import Tracker (May 2025): Imports resilient with YTD YoY -2%, upside risk to our full year projection Qingyuan Lin, Ph.D. +852 2123 2654 qingyuan.lin@bernsteinsg.com Stacy A. Rasgon, Ph.D. +1 213 559 5917 stacy.rasgon@bernsteinsg.com David Dai, CFA +852 2918 5704 david.dai@bernsteinsg.com Zheng Cui +852 2123 2694 zheng.cui@bernsteinsg.com Alrick Shaw +1 917 344 ...

Onto Innovation Investor Presentation Q1 2024 Safe Harbor The information presented herein contains forward-looking statements that relate to anticipated future operating results and performance. These statements are only predictions based on management's current expectations and assumptions, including market size and forecasted growth, Total Available Market (or "TAM"), Served Available Market (or "SAM") and revenue estimates, and necessarily involve risks and uncertainties. We do not assume any obligation ...

Investor Update New Products and New Opportunities JANUARY 2025 Safe Harbor The information presented herein contains forward-looking statements that relate to anticipated future operating results and performance. These statements are only predictions based on management's current expectations and assumptions, including market size and forecasted growth, Total Available Market (or "TAM"), Served Available Market (or "SAM") and revenue estimates, and necessarily involve risks and uncertainties. The Company c ...