Anji Micro (688019.SS): CMP slurry/ Wet chemical growth riding on semis capacity expansion; 4Q preliminary result overall in line; Buy Anji Micro is expanding CMP slurry and wet chemical business, driven by rising demand from advanced node (memory, advanced logic) clients' expansion and enhanced products. The company reported 4Q25 preliminary result; revenues were in line with guidance at 32% YoY (or 3% QoQ) to Rmb692m, and 4Q NI grew 28% YoY, or 4%/ 3% lower than our estimates and company's guidance. We re ...