On October 8th, Huaan Securities' research report pointed out that Naura Technology Group (002371.SZ) is a semiconductor equipment company under the Beijing State-owned Assets Supervision and Administration Commission, with both phases of the large fund holding shares in the company. Semiconductor equipment requires continuous high research and development investment. Taking etching equipment as an example, etching technology needs to achieve extremely high precision and control at the nanometer level, requiring the company to continuously invest in research and development to cope with the shrinking process node and the application of new materials. The company maintains high research and development investment all year round, on par with overseas leaders. With continuous high research and development investment, the company keeps achieving product breakthroughs. In recent years, the company has released multiple new products, including the 12-inch Capacitively Coupled Plasma Etching System Accura LX. The synergy between advanced process technologies is higher, highlighting the platform company's advantages, and the company is continuously expanding its core layout in various downstream markets. Maintain a "buy" rating on the company.