Core Insights - In the first half of 2025, the company achieved a revenue of 4.961 billion yuan, representing a year-on-year growth of 43.88%, and a net profit attributable to shareholders of 706 million yuan, up 36.62% year-on-year [1] - The company's R&D investment reached 1.492 billion yuan, a significant increase of 53.7% year-on-year, with R&D expenses accounting for over 30% of total revenue [1] Group 1: Core Products Performance - The plasma etching equipment, as the company's core product, generated sales revenue of 3.781 billion yuan in the first half of the year, reflecting a year-on-year growth of approximately 40.1%, contributing to over 75% of total revenue [1] - Sales revenue from LPCVD and ALD equipment saw a remarkable year-on-year increase of 608.2%, becoming a new growth engine for the company's performance [1] - The tungsten series products have passed key storage client mass production verification and received large orders [1] Group 2: Advanced Logic Device Development - The company developed a series of metal gate products for advanced logic devices, including ALD titanium nitride, ALD titanium aluminum, and ALD tantalum nitride, which have completed equipment verification for multiple advanced logic clients [1] - The equipment's film uniformity, contaminant control, and production efficiency have reached world-class levels, with the series already shipped to advanced logic clients for verification [1] Group 3: Market Expansion - The company is actively expanding into the broader semiconductor market, maintaining a leading position in the GaN-based LED market with its MOCVD equipment [2] - The company is gradually extending its reach into emerging fields such as silicon carbide, GaN power devices, and Micro-LED technology [2] - The first MOCVD equipment specifically for red and yellow light LEDs has been shipped to a leading domestic client for production verification [2]