Core Viewpoint - The report highlights the significant growth in revenue and net profit for Tianjin Jinhaitong Semiconductor Equipment Co., Ltd. in the first half of 2025, driven by increased demand for semiconductor testing and sorting equipment, particularly in the context of the recovering semiconductor packaging and testing equipment market [12][14]. Company Overview - Tianjin Jinhaitong Semiconductor Equipment Co., Ltd. specializes in the production of integrated circuit testing and sorting machines, which are essential in the semiconductor manufacturing process [6][8]. - The company has established a strong market presence, with products distributed across mainland China, Taiwan, Southeast Asia, and Europe and the United States [16]. Financial Performance - For the first half of 2025, the company reported operating revenue of approximately 307.42 million yuan, a 67.86% increase compared to the same period last year [12][14]. - The total profit reached approximately 85.80 million yuan, marking a 98.52% increase year-on-year [12][14]. - The net profit attributable to shareholders was approximately 76.01 million yuan, reflecting a 91.56% increase compared to the previous year [12][14]. - The company's net assets increased by 7.77% to approximately 1.42 billion yuan by the end of the reporting period [12][14]. Industry Context - The semiconductor industry is experiencing a recovery, with increased demand for testing and sorting equipment driven by technological advancements and the growth of sectors such as electric vehicles and artificial intelligence [7][12]. - The company’s products are positioned to meet the evolving needs of the semiconductor testing market, which is characterized by a trend towards higher efficiency and flexibility in testing processes [7][12]. Product and Technology Development - The company focuses on continuous innovation in its testing and sorting machines, which integrate optical, mechanical, and electrical technologies to simulate real chip usage environments [8][12]. - The product lines include various series of testing and sorting machines, such as EXCEED-6000, EXCEED-8000, and EXCEED-9000, designed to cater to diverse testing requirements [8][12]. Market Strategy - The company employs a direct sales model and an agency model to reach its customer base, which includes semiconductor packaging testing companies, testing foundries, and integrated device manufacturers (IDMs) [10][12]. - The company has also established a comprehensive after-sales service system to enhance customer satisfaction and retention [16]. Research and Development - The company invests significantly in R&D to enhance its product offerings and maintain technological leadership in the semiconductor testing equipment sector [13][14]. - Ongoing projects include the establishment of a semiconductor testing equipment intelligent manufacturing and innovation R&D center, aimed at boosting the company's competitive edge [13][14].

Group 1 - The company reported a significant increase in revenue, achieving 307 million yuan in the first half of 2025, a year-on-year growth of 67.86% from 183 million yuan in the same period last year [1] - The net profit attributable to shareholders reached 76.01 million yuan, marking a 91.56% increase compared to the previous year [1] - The core product, integrated circuit testing and sorting machines, saw a substantial sales increase, with the EXCEED-9000 series accounting for 51.37% of sales revenue, doubling from 25.80% in 2024 [1] Group 2 - The company is focusing on technological innovation, with testing and sorting platforms for MEMS, silicon carbide, IGBT, and advanced packaging products undergoing product validation at multiple customer sites [2] - The company is expanding its global market presence, having officially launched its "Malaysia Production and Operations Center" in the first half of 2025 to enhance service efficiency and responsiveness [2] - The company has made strategic investments in five firms, including those specializing in semiconductor wafer-level sorting and packaging, optical communication, and chip testing solutions [2]