中微公司Q3营收同比增长50.62%，净利润同比增长27.5%。业绩增长主要受核心刻蚀设备业务稳健增长及薄膜设备收入爆发式增长的推动。2025 年前三季度，LPCVD和ALD等薄膜设备收入4.03亿元，同比增长约1332.69%。 根据公告，中微公司在先进逻辑和存储器件制造的关键工艺方面取得显著进展，多款高端产品的新增付运量显著提升。 在刻蚀设备领域，用于关键刻蚀工艺的CCP单反应台介质刻蚀产品保持高速增长，60比1超高深宽比的介质刻蚀设备已成为国内标配，而下一代 90比1超高深宽比设备也即将进入市场。同时，ICP刻蚀设备和化学气相刻蚀设备开发取得良好进展，加工精度和重复性已达到单原子水平。 营收加速增长，薄膜设备成新引擎 财报数据显示，中微公司的营收增长动力来源广泛。2025年前三季度，公司总营收达到80.63亿元，较去年同期增长46.40%。其中，作为公司基石 业务的刻蚀设备收入为61.01亿元，同比增长38.26%，保持稳健增长。 更为引人注目的是薄膜设备业务的突破性进展。报告期内，包括LPCVD和ALD在内的薄膜设备收入达到4.03亿元，同比激增1332.69%。公司在 财报中表示，多款用于先进存储和 ...

Core Viewpoint - North Huachuang has emerged as a leading player in the A-share semiconductor industry, achieving a remarkable profit growth from 41.87 million to 5.621 billion yuan over the past decade, marking a 134-fold increase, and surpassing SMIC to become the new "profit king" in 2024 [3][4][9]. Group 1: Company Overview - North Huachuang is recognized as a key player in China's semiconductor industry, inheriting a rich technological legacy from its predecessor companies, including the development of China's first diffusion furnace and plasma etching machine [5]. - The company has expanded its product line through acquisitions, including Akrion Systems LLC and assets from Beiguang Technology, enhancing its capabilities in high-end integrated circuit equipment [5]. - North Huachuang is the only Chinese company in the global top 10 semiconductor equipment manufacturers, ranking sixth in 2024, and is positioned as a platform-type enterprise, which is crucial for competing at the highest level globally [9][11]. Group 2: Market Opportunities - The semiconductor industry is experiencing a surge in demand driven by cloud computing, edge devices, and AI computing power, with China's chip manufacturing expected to grow by 15% in 2024 and 14% in 2025, capturing nearly one-third of global capacity [13]. - The U.S. government's restrictions on China's semiconductor industry have intensified, leading to a shift towards domestic alternatives, with significant sales from U.S. semiconductor equipment manufacturers in China expected to return to local companies [15][17]. - North Huachuang is actively expanding its market presence by entering the ion implantation equipment sector and acquiring ChipSource, which complements its existing product offerings and enhances its supply capabilities across the semiconductor manufacturing process [16].