AMEC(SH:688012)2024-09-02 08:36Financial Performance - The company's revenue for the first half of 2024 reached 3.448 billion CNY, a year-on-year increase of 36.46% [1] - Plasma etching equipment revenue was 2.698 billion CNY, up approximately 56.68% year-on-year [1] - MOCVD equipment revenue was 152 million CNY, a decrease of about 49.04% compared to the same period last year [1] - The net profit attributable to shareholders for the first half of 2024 was 517 million CNY, a decrease of approximately 48.48% year-on-year [2] - R&D investment for the first half of 2024 was 970 million CNY, a significant increase of 110.84% [2] Order and Market Outlook - New orders for the first half of 2024 totaled 4.7 billion CNY, a year-on-year increase of approximately 40.3% [2] - The company expects cumulative new orders for the first three quarters of 2024 to exceed 7.5 billion CNY, with a year-on-year growth of over 50% [2] - Advanced process orders accounted for over 70% of new orders in the first half of 2024 [2] R&D and Innovation - The company is focusing on six categories of equipment with over 20 new devices under development [2] - R&D expenses accounted for 28.2% of operating revenue in the first half of 2024 [4] - The company is actively developing new MOCVD products and has made good progress in the market [2] Industry Trends - The dry etching equipment market has an average annual growth rate of over 15% from 2013 to 2023, while chemical film equipment has an average growth rate of over 14% [3] - The transition from 2D to 3D memory devices requires significant use of multilayer film deposition and high aspect ratio etching [3] Strategic Focus - The company is enhancing its competitive edge in the detection industry, including optical and electron beam detection [5] - The company aims to balance short-term profitability with long-term development through continuous innovation and market expansion [3]