31 August 2025 | 3:32PM HKT Anji Micro (688019.SS): New applications ramp up and clients' expanding capacity to drive growth; 2Q25 NI beat; Neutral Anji delivered strong revenues growth at 42% YoY in 2Q25, driven by CMP slurry product expansion and ramp up of wet chemicals, riding on expanding China semis capacity, along with mix upgrade to drive GM improvement to 57% in 2Q (vs. 56% in 1Q25). The company continues to focus on new products like TSV (Through Silicon Via) ECP (Electroplating) and slurry, and n ...