Group 1 - The core viewpoint of the article highlights that the company, Jing Sheng Mechanical & Electrical (300316), is benefiting from the ongoing development of the semiconductor industry and the acceleration of domestic production processes [1] - As of June 30, 2025, the company has unfulfilled contracts for integrated circuit and compound semiconductor equipment exceeding 3.7 billion yuan (including tax) [1]

Core Viewpoint - The company is benefiting from the continuous development of the semiconductor industry and the acceleration of domestic production processes, with a significant backlog of contracts in semiconductor equipment totaling over 3.7 billion yuan (including tax) as of June 30, 2025 [1] Group 1: Semiconductor Business Development - The company has achieved localization of semiconductor equipment for 8-12 inch large silicon wafer production and is expanding into chip manufacturing and advanced packaging sectors [1] - The company focuses on the research and development of third-generation semiconductor silicon carbide equipment, successfully breaking through multiple core technologies in crystal growth, processing, and epitaxy [1]