Gelonghui, April 28 | According to the Open Source Securities Research Report, the 2024Q1 revenue of China and Micro (688012.SH) continued to grow year-on-year, and high-end etching equipment was rapidly released. As a leading domestic etching company, the company accelerated its expansion towards a platform-based company and maintained a “buy” rating. Due to the fall in secondary market stock prices in the first quarter of 2024, the fair value of the company's equity investment in the current period decreased by about 40.77 million yuan, a year-on-year period of -41 million yuan. Based on strong customer demand and confidence in the market, the company continues to step up R&D efforts and actively promote the development of various new products. According to reports, the company has already entered the market with a number of equipment products, some of which have received repeated orders, and many other key thin film deposition equipment R&D projects are progressing smoothly.