Following the earnings announcements from SMIC (Semiconductor Manufacturing International Corporation) and Hua Hong Semiconductor, two other mainland Chinese foundry players, Nexchip Semiconductor Corporation and Simgui Technology, have recently released their financial results for the full year of 2024 and the first quarter of 2025. Furthermore, when considering the financial reports of companies across the IC design, semiconductor equipment, and other segments of the industrial chain, the trend of recovering semiconductor market demand has become even more apparent.
Semiconductor Equipment Industry
According to statistics from Global Semiconductor Observer, in 2024, major Chinese semiconductor equipment companies including Advanced Micro-Fabrication Equipment Inc. China (AMEC), Naura Technology Group Co., Ltd., ACM Research (Shanghai), Inc., Huahai Qingke, Piotech Co., Ltd., and Trusic Technology Co., Ltd. all achieved revenue growth without exception.
Notably, Naura Technology Group reported that in 2024, its revenue reached RMB 29.838 billion, representing a year-on-year increase of 35.14%, while its net profit attributable to shareholders stood at RMB 5.621 billion, up 44.17% year-on-year. The company attributed its sustained and stable revenue growth to breakthroughs achieved by multiple new products in the integrated circuit equipment sector in 2024, which led to a significant increase in process coverage and market share, along with a substantial year-on-year rise in product sales.
Additionally, AMEC achieved revenue of RMB 9.065 billion in 2024, a year-on-year increase of 44.73%, and a net profit attributable to shareholders of RMB 1.616 billion, up 9.53% year-on-year. The company noted that it has maintained an average annual revenue growth rate of over 35% for the past 13 years, with revenue growth exceeding 40% in the last four years.
ACM Research (Shanghai) reported revenue of RMB 5.618 billion in 2024, a year-on-year increase of 44.48%, and a net profit attributable to shareholders of RMB 1.153 billion, up 22.56% year-on-year. The company stated in its financial report that the 44.48% year-on-year revenue growth in 2024 was mainly due to the continued recovery of the global semiconductor industry, particularly the strong demand in the Chinese mainland market. Leveraging its technological differentiation advantages, the company successfully capitalized on market opportunities and accumulated a robust order backlog.
It is worth mentioning that the latest financial reports released by 12 semiconductor equipment manufacturers listed on the Science and Technology Innovation Board (STAR Market), including AMEC, ACM Research (Shanghai), Huahai Qingke, Piotech, Huafeng Test & Control, Kingsemi, Nice Automation, Fortune Tech Group, and Pioneer Precision, revealed that in the first quarter of 2025, 11 of these manufacturers achieved positive revenue growth.
During the 2024 STAR Market Semiconductor Equipment Industry Collective Earnings Briefing held on April 28, several semiconductor equipment manufacturers indicated that the market demand for their products this year is being driven by the growth of AI, 5G, the Internet of Things (IoT), new energy vehicles, and other emerging applications, leading to a sustained recovery in the overall industry sentiment.
Despite the significant achievements made by China's semiconductor equipment industry, there is still a gap compared with international players, particularly in areas such as lithography equipment and metrology equipment, where further efforts are needed. In the future, whether China can achieve breakthroughs in "peak" areas like lithography machines and metrology equipment will be a key factor determining the allocation of (discourse power) in the global semiconductor industrial chain.
Regarding semiconductor packaging and testing, with the sustained improvement in the sentiment of the IC design and manufacturing sectors, the demand for packaging and testing services has further expanded, thereby driving steady revenue growth for related enterprises.
Summary
According to Xinhua News Agency, in 2024, nearly 120 integrated circuit enterprises collectively achieved revenue of RMB 277.766 billion, a year-on-year increase of 22.2%, indicating a return to an upward trajectory in performance.
Benefiting from the rapid popularization of new energy vehicles, the surge in demand for data center and AI computing power, as well as the recovery of downstream new energy industries and other factors, the semiconductor industry has gradually strengthened its recovery signals after undergoing a cyclical adjustment. Looking ahead, as the demand for AI, new energy vehicles, and other applications continues to be released, enterprises with technological reserves and capital strength are expected to further capture market share, while industry consolidation will also accelerate.
AMTD provides high-precision Showerhead services for core components, with products mainly including Showerhead, Faceplate, Blocker Plate, Top Plate, Shield, Liner, Pumping Ring, Edge Ring, and other core components of semiconductor equipment. These products are widely used in the semiconductor, display panel, and other fields, with excellent performance and high market recognition.
Information Source: WeChat Official Account of "Global Semiconductor Observer
Advanced Micro Technology Devices Co.,Ltd.
Tel：021-31340912
Address：No. 29 Nanhai Road, Yi'an District, Tongling City, Anhui Province
