AMEC(688012) 21世纪经济报道·2025-04-17 13:06Core Viewpoint - In 2024, the company achieved a revenue of approximately 9.065 billion yuan, marking a year-on-year growth of about 44.73%, while net profit attributable to shareholders decreased by 9.53% to 1.616 billion yuan [1][2] Revenue and Profit Summary - The company's revenue surpassed 9 billion yuan for the first time, with a notable increase in revenue from etching equipment, which reached approximately 7.277 billion yuan, reflecting a year-on-year growth of about 54.73% [1][2] - The net profit decline is attributed to increased R&D investments aimed at addressing the domestic high-end semiconductor equipment gap, with R&D expenditure reaching approximately 2.452 billion yuan, a year-on-year increase of about 94.31% [2][3] R&D and Product Development - The company significantly increased its R&D investment, which accounted for approximately 27.05% of its revenue in 2024, far exceeding the average of the Sci-Tech Innovation Board [2][3] - The company is developing over twenty new devices across six categories, with a reduced development cycle of two years or less for competitive new products [3] Market Position and Future Outlook - The company’s CCP and ICP etching equipment cover over 95% of domestic etching application needs and have achieved mass production in advanced 5nm process lines [2] - The global semiconductor industry is experiencing a new wave of development opportunities, with a projected market size of $127.5 billion by 2025, driven by advancements in AI, cloud computing, and autonomous driving [5]