Core Viewpoint - The company, United Chemical (301209.SZ), reported a revenue of 269 million yuan for the first half of 2025, reflecting a year-on-year growth of 4.15%, and a net profit attributable to shareholders of 33.76 million yuan, which is a 21.62% increase compared to the previous year [1] Group 1: Financial Performance - The company achieved a revenue of 269 million yuan in the first half of 2025, marking a 4.15% increase year-on-year [1] - The net profit attributable to shareholders reached 33.76 million yuan, representing a year-on-year growth of 21.62% [1] Group 2: Product Offerings - The company's wholly-owned subsidiary, Gangjing Optics, offers three categories of optical products: high-end, mid-range, and low-end [1] - High-end optical systems, used in KrF and i-line lithography machines, can achieve a resolution of 110nm, with deliveries expected to start in Q4 2025 [1] - Mid-range optical systems, designed for packaging projection lithography and direct-write lithography machines, feature a large field of view (>120mm x 120mm) to meet advanced packaging needs, with deliveries anticipated in Q1 2026 [1] - Low-end optical systems, utilized in photovoltaic projection lithography machines, have a resolution of 5μm and can support an exposure capacity of 8000 wafers per hour, with 20 sets already shipped in small batches [1]

Core Insights - The company reported a revenue of 269 million yuan for the first half of 2025, representing a year-on-year growth of 4.15% [1] - The net profit attributable to shareholders was 33.76 million yuan, showing a year-on-year increase of 21.62% [1] Product Segmentation - The company's wholly-owned subsidiary, Gangjing Optics, offers three categories of optical products: 1) High-end optical systems (objective lenses and illumination systems) for KrF and i-line lithography machines, capable of achieving a resolution of 110nm, with deliveries expected to start in Q4 2025 [1] 2) Mid-range optical systems (objective lenses and illumination systems) for packaging projection lithography machines and packaging direct-write lithography machines, featuring a large field of view (>120mm x 120mm) to meet advanced packaging development needs, with deliveries anticipated in Q1 2026 [1] 3) Low-end optical systems (objective lenses and illumination systems) for photovoltaic projection lithography machines, with a resolution of 5μm and a production capacity of 8000 wafers per hour, with 20 sets already shipped in small batches [1]