Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by strong market performance and continuous innovation in semiconductor equipment [1][2]. Financial Performance - The company achieved a revenue of 3.265 billion yuan, a year-on-year increase of 35.83% [1] - The net profit attributable to shareholders was 696 million yuan, reflecting a growth of 56.99% compared to the previous year [1] - The net profit excluding non-recurring items was 674 million yuan, up by 55.17% year-on-year [1] Product Development and Innovation - The company has focused on product platformization and enhancing technical performance, which contributed to its revenue growth [2] - In the semiconductor cleaning equipment sector, the company holds a global market share of 8.0% [3] - The company’s semiconductor plating equipment has a global market share of 8.2% [3] - The company invested 544 million yuan in R&D, a 39.47% increase year-on-year, and has filed a total of 1,800 patents, with 494 granted [3] Manufacturing and Operational Efficiency - The "Semiconductor Equipment R&D and Manufacturing Center" reached operational status in June 2025, enhancing production efficiency and capacity [4] - The center supports rapid business growth and timely order fulfillment [4] Industry Outlook - The company anticipates continued high demand in the semiconductor equipment market, supported by national policies and increased capital expenditure from major clients [5] - Global semiconductor equipment sales are projected to reach a record high of 117.1 billion USD in 2024, with a 10% year-on-year growth [5] - The domestic market is expected to grow by 35% to 49.6 billion USD, accounting for 42% of the global market [5] - The company has developed innovative cleaning technologies, including the SAPS/TEBO megasonic cleaning technology, positioning itself competitively in the market [5][6] New Product Launches - The company has introduced several new devices and processes with independent intellectual property rights, including the Ultra PmaxTM plasma-enhanced chemical vapor deposition equipment [6] - The company is also validating new ALD furnace tube technologies, further strengthening its competitive position in furnace equipment [7]