
Core Viewpoint - In 2024, Zhongwei Company achieved a revenue of 9.065 billion yuan, marking a year-on-year growth of 44.7%, with etching equipment contributing over 7.2 billion yuan, while net profit decreased by 9.5% due to increased R&D investment [1] Group 1: Financial Performance - Revenue for 2024 reached 9.065 billion yuan, a 44.7% increase year-on-year [1] - Etching equipment sales exceeded 7.2 billion yuan, growing by 54.7% [1] - Net profit was approximately 1.616 billion yuan, down 9.5% year-on-year, primarily due to a significant rise in R&D expenses [1] - R&D expenses amounted to 2.45 billion yuan, reflecting a 94.3% increase [1] - Non-GAAP net profit was about 1.388 billion yuan, showing a growth of 16.5% [1] Group 2: Operational Highlights - In 2024, the average sales per employee surpassed 4 million yuan, compared to 3.5 million yuan in 2022 [2] - The company shipped over 1,200 CCP etching equipment units, setting a historical record, with cumulative installations exceeding 4,000 units [2] - The average compound annual growth rate for the past ten years has been over 30% [2] - Nearly 60 CCP dual-station machines are in mass production on the most advanced logic production lines, including those at 5nm and beyond [2] - The LPCVD equipment has seen over 150 units shipped after market validation, with bulk orders worth approximately 476 million yuan in 2024 [2] Group 3: Strategic Developments - Zhongwei Company announced plans to increase capital in Ultra Micro Semiconductor Equipment (Shanghai) Co., Ltd., raising its registered capital to 160 million yuan, with Zhongwei contributing 75.5 million yuan for a 47.2% stake [2] - Ultra Micro Company, established in 2024, will focus on developing electron beam measurement equipment [2] - The measurement equipment market is rapidly growing, accounting for about 13% of the total semiconductor front-end equipment market [3] - The company aims to expand its market participation and coverage in various types of measurement equipment [3]