Gelonghui, January 17 | Guangfa Securities Research Report indicates that in 2023, Beifang Huachuang (002371.SZ) will achieve technological breakthroughs and mass production applications in the high-end integrated circuit field. The process coverage and market share have all been greatly increased. New orders have exceeded 30 billion yuan, of which the integrated circuit sector accounts for more than 70%, and orders surpassed market expectations. With the expansion of downstream wafer production lines and the acceleration of domestic substitution, the company, as a leader in local semiconductor equipment, has broad room for future growth. In addition, the company continues to promote cost reduction and efficiency. The diversified supply chain support capacity is continuously enhanced, the level of mass production and delivery has been effectively improved, the scale effect is gradually showing, and profitability continues to improve. The bank maintained its view that the company had a reasonable value of 416.96 yuan/share and maintained a “buy” rating.