Recently, three of China’s leading semiconductor equipment manufacturers, Advanced Micro-fabrication Equipment Inc. (AMEC), NAURA Technology Group, and ACM Research, released their latest financial forecasts for 2024 and updates on new equipment development.
From revenue and profit changes to R&D investments, new equipment launches, and production capacity expansions, the report reflects the strong demand in the Chinese market and significant progress in localizing the semiconductor equipment industry.
AMEC: Etching business is growing steadily, making progress with thin film equipment
AMEC expects its sales in 2024 to reach RMB 9.065 billion, an increase of 44.7% year-on-year. In the fourth quarter alone, sales are expected to reach 3.06 billion yuan, an increase of 60% year-on-year. However, net profit in 2024 is estimated at 1.6 billion yuan, down 10.6% year-on-year.
The decrease in profits is due to a significant increase in R&D expenses, which are expected to total 2.45 billion yuan (94.13% increase compared to 2023) in 2024, accounting for 27.03% of total revenue.
In 2025, AMEC plans to significantly strengthen its research and development efforts by investing in a new wholly owned subsidiary, AMEC Semiconductor Equipment (Chengdu) Co., Ltd., located in Chengdu Hi-Tech Zone.
The facility will serve as a research and development and production hub as well as the company’s headquarters for southwest China.
The project, with a total investment of approximately RMB 3.05 billion from 2025 to 2030, will develop advanced equipment for high-end logic and memory chips, including chemical vapor deposition (CVD) equipment and atomic layer deposition (ALD) equipment. Focus on development and production. ) equipment, and other important tools.
ACM Research: Robust Chinese market demand increases revenue by more than 50%
According to a January 14 announcement by ACM Research, sales in 2024 are expected to range from 5.6 billion yuan to 5.88 billion yuan, an increase of 44.02% to 51.22% year-on-year.
The company has already achieved revenue of RMB 3,977 million and net profit of RMB 758 million in the first three quarters of 2024. This growth is primarily driven by a recovery in the global semiconductor industry and strong demand in the Chinese market, resulting in a strong order backlog. ACM Research also forecasts revenue in 2025 to be between 6.5 billion yuan and 7.1 billion yuan.
ACM Research specializes in semiconductor cleaning and electroplating equipment, vertical furnace systems, and advanced packaging wet process equipment, covering the wafer manufacturing and advanced packaging areas.
NAURA: Expanding across multiple segments to accelerate capacity expansion and investment
NAURA Technology Group’s 2024 earnings forecast projects sales of RMB 27.6 billion to RMB 31.78 billion, reflecting year-over-year growth of 25.00% to 43.93%.
Net profit attributable to shareholders is expected to increase from 32.60% to 52.60%, from 5.17 billion yuan to 5.95 billion yuan. Net profit excluding non-recurring items is estimated to be 5.12 billion yuan to 5.89 billion yuan, representing a growth rate of 42.96% to 64.46%.
This increase in performance was primarily due to significant results in new product development. Our main products, such as capacitively coupled plasma (CCP) etch equipment, plasma chemical vapor deposition (PECVD) systems, atomic layer deposition (ALD) vertical furnaces, and stacked wafer cleaning systems, have been successfully integrated into customers’ production lines and achieved various results. has been achieved. Massive sales.
In addition, NAURA has successfully developed high-density plasma CVD (HDPCVD), dual damascene CCP etchers, and high-k dielectric ALD systems, which are in stable volume production for multiple customers.
(Photo provided by AMEC)
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