Group 1: Semiconductor Equipment Orders - The company has unfulfilled contracts for integrated circuit and compound semiconductor equipment exceeding 3.7 billion CNY (including tax) as of June 30, 2025 [2] - The company has achieved domestic production of 8-12 inch silicon wafer equipment and is expanding into chip manufacturing and advanced packaging [2][3] Group 2: Carbon Silicon Substrate Materials - The company has achieved mass production and sales of 6-8 inch silicon carbide substrates, with core parameters reaching industry-leading levels [3][4] - The company is actively expanding its silicon carbide production capacity, with a project in Shangyu aiming for an annual output of 300,000 silicon carbide substrates [4] Group 3: Equipment Development and Market Position - The company has developed a range of silicon carbide growth and processing equipment, achieving domestic market leadership in 6-8 inch silicon carbide epitaxy equipment [4] - Key clients for the company's silicon carbide equipment include leading industry players such as Hantian Tiancheng and Dongguan Tianyu [4] Group 4: Future Prospects and Innovations - Silicon carbide is identified as a key material for high-voltage and high-temperature applications, with significant potential in new energy vehicles and high-power scenarios [3] - The company is focusing on the development of optical-grade silicon carbide materials, with stable processes for 8-inch substrates and plans for 12-inch substrate industrialization [4]