Group 1: Industry Outlook - The semiconductor industry is expected to continue its recovery trend in 2025, with global semiconductor equipment sales projected to reach $125.5 billion, a growth of 7.4% compared to the previous year. Sales are anticipated to reach $138.1 billion in 2026, driven by AI computing power, automotive, and consumer electronics sectors [2][3]. Group 2: Company Business Structure - The company focuses primarily on semiconductor automation testing systems, which account for approximately 90% of its revenue. The product line includes semiconductor automation testing systems, laser marking equipment, and other mechatronic devices, catering to various process needs in the packaging and testing production lines [3][4]. Group 3: Mergers and Acquisitions - The company is actively monitoring suitable investment opportunities within the industry and may pursue upstream or horizontal mergers and acquisitions when the timing is right [3]. Group 4: Research and Development - The company maintains a high level of R&D investment, with R&D expenditures accounting for over 33% of revenue from January to September 2025. Key R&D focuses include high-end semiconductor testing equipment (such as SOC testing), full-process solutions, and domestic alternatives to capture market opportunities in AI computing power, advanced packaging, and automotive-grade chips [3][4]. Group 5: International Expansion - The company has established wholly-owned subsidiaries in Hong Kong and Malaysia to enhance overseas market development and provide localized services to international clients [3]. Group 6: Production Expansion Projects - The "expansion construction project" involves products across the entire range of semiconductor testing equipment, laser marking equipment, and other mechatronic products [4].
联动科技(301369) - 2025年12月2日-12月3日投资者关系活动记录表