Group 1 - The core viewpoint highlights the acceleration of domestic semiconductor equipment and storage customer collaboration, aiming to enhance the localization rate of semiconductor manufacturing in China [1] - The current domestic storage capacity shows a significant gap compared to global leaders, necessitating sufficient capacity to ensure a stable supply system [1] - Domestic semiconductor products are expected to improve their localization rate through multiple rounds of joint research and development, validation testing, and small-scale production alongside the expansion of end customers [1] Group 2 - The company has made significant progress in the industrialization of core new products, with a large proportion of new CMP equipment orders coming from advanced processes [2] - The Universal-H300 polishing system has received repeat orders in bulk, and the Versatile-GP300 wafer thinning machine has achieved international advanced levels in thickness and TTV, with over 20 units delivered [2] - The company has achieved full coverage of various models of high-current ion implantation machines for chip manufacturing, with bulk deliveries to leading domestic integrated circuit manufacturers [2] Group 3 - The company has deep ties with leading domestic customers, and the industrialization of core products is progressing smoothly [2] - Revenue forecasts for 2025-2027 are adjusted to 4.536 billion, 6.015 billion, and 7.502 billion yuan, respectively, with net profits projected at 1.201 billion, 1.601 billion, and 2.013 billion yuan [2] - The company maintains a "strongly recommended" rating despite some products being in the market development phase and ongoing investments in R&D and production capacity [2]