1. Advanced Micro-Fabrication Equipment Inc. China achieved revenue of 5.507 billion yuan in the first three quarters of this year, a year-on-year increase of approximately 36.27%; net income attributable to shareholders was 0.913 billion yuan, a year-on-year decrease of 21.28%; 2. New orders in the first three quarters of this year amounted to 7.64 billion yuan, a year-on-year increase of approximately 52%; 3. A total of 1160 units of special equipment were produced in the first three quarters, a year-on-year increase of approximately 310%, corresponding to an output value of approximately 9.419 billion yuan.
"Science and Technology Innovation Board Daily" October 29 News (Reporter Guo Hui) Advanced Micro-Fabrication Equipment Inc. China released its third-quarter financial report for 2024 after the market today (October 29).
The announcement shows that its revenue in the first three quarters of this year was 5.507 billion yuan, a year-on-year increase of approximately 36.27%; net income attributable to shareholders was 0.913 billion yuan, a year-on-year decrease of 21.28%.
In the third quarter, its revenue was 2.059 billion yuan, a year-on-year increase of 35.96%; net income attributable to shareholders was 0.396 billion yuan, a year-on-year increase of 152.63%.
Regarding the change in net income, Advanced Micro-Fabrication Equipment Inc. China stated that due to a sharp increase in market demand for the development of various new equipment, it has further increased its research and development efforts this year to quickly address shortcomings. The financial report shows that the company's research and development expenses in the first three quarters of this year increased by 0.756 billion yuan compared to the same period last year, an increase of approximately 95.99%. Research and development expenses account for approximately 28.03% of the company's operating income.
At the same time, Advanced Micro-Fabrication Equipment Inc. China sold some of its holdings in Tianjing Technology's stocks last year, generating an after-tax net income of approximately 0.406 billion yuan, with no such equity disposal this year. In addition, the company's non-recurring gains and losses from equity investment in the first three quarters amounted to 0.074 billion yuan, an increase of approximately 0.164 billion yuan from a loss of 0.09 billion yuan in the same period last year.
Broken down by product, revenue from Advanced Micro-Fabrication Equipment Inc. China's core product etching equipment in the first three quarters was 4.413 billion yuan, a year-on-year increase of approximately 53.77%; in the third quarter, revenue from etching equipment reached 1.715 billion yuan, an increase of 49.41% compared to the same period last year.
Advanced Micro-Fabrication Equipment Inc. China stated that its plasma etching equipment continues to gain more recognition from customers both domestically and internationally. The high-end products targeting key etching processes for advanced logic and memory device manufacturing have significantly increased in volume, with mass production achieved for key etching processes in advanced logic devices and ultra-high aspect ratio etching processes in advanced memory devices.
Advanced Micro-Fabrication Equipment Inc. China is closely following the market development opportunities in the MOCVD market, strategically positioning itself in the market for third-generation semiconductors' silicon carbide and gallium nitride-based power device applications. Progress has been made in the development of specialized MOCVD equipment for Micro-LED and other display areas. Several new MOCVD products that have already been shipped or are about to be shipped are gradually entering the market.
In the first three quarters of this year, Advanced Micro-Fabrication Equipment Inc. China achieved its first sale of LPCVD equipment, generating revenue of 0.028 billion yuan.
In addition, its EPI equipment has successfully entered the customer-side mass production validation stage and completed process verification with several advanced logic and MTM device customers, gaining high recognition from them.
In terms of orders, in the first three quarters of this year, Advanced Micro-Fabrication Equipment Inc. China received new orders totaling 7.64 billion yuan, an increase of about 52.0% year-on-year. Among them, etching equipment orders increased by about 54.7% to 6.25 billion yuan, while LPCVD new orders amounted to 0.3 billion yuan, with the new products starting mass production.
In the first three quarters of this year, Advanced Micro-Fabrication Equipment Inc. China produced a total of 1160 chambers of special equipment, representing a growth of about 310% year-on-year, with a corresponding output value of about 9.419 billion yuan, a year-on-year increase of about 287%. The company mentioned that this lays a good foundation for future shipments and revenue recognition.
As of the end of September this year, Advanced Micro-Fabrication Equipment Inc. China had a commodity balance of approximately 3.507 billion yuan, an increase of 2.64 billion yuan from the beginning of the year. At the same time, the contract liability balance at the end of September this year was about 2.988 billion yuan, an increase of about 2.216 billion yuan from the beginning of the year.
Regarding changes in shareholders, among the top ten shareholders, Hong Kong Securities Clearing Company Limited, Huaxia Star 50 Component ETF, E Fund Star 50 Component ETF, Huaxia Guozi Semiconductor Chip ETF, and ChinaAMC Shanghai A50 Exchange Traded Fund all increased their holdings to varying degrees in the third quarter, with a total increase of over 8.2 million shares. Huatai Baoi HuShen 300ETF became the tenth largest shareholder of Advanced Micro-Fabrication Equipment Inc. China, holding a stake of 1.20%.
