A surge of 2937%! Who stands at the top of the semiconductor industry’s Q1 performance?

01

equipment

Northern Huachuang released its performance forecast for the first quarter of 2023. The company expects net profit attributable to the parent company in the first quarter to be 560 million yuan to 620 million yuan, a year-on-year increase of 171.24% to 200.30%.

Since 2023, the company's orders have continued to be full. Regarding the reasons for the change in performance, Northern Huachuang explained that compared with the same period last year, the company's market share of semiconductor equipment continued to increase, and the development of the electronic components business was stable, resulting in the company's total operating income and net profit attributable to shareholders of listed companies. Achieve year-on-year growth.

The company's products include semiconductors, vacuum and new energy equipment, covering IC, power devices, new displays, photovoltaics and lithium batteries.

In the first quarter, Shengmei Shanghai achieved operating income of 616 million yuan, a year-on-year increase of 74.09%; net profit attributable to shareholders of listed companies was 131 million yuan, a year-on-year increase of 2937.19%.

The company is mainly engaged in the research and development, production and sales of special semiconductor equipment. Its main products include semiconductor cleaning equipment, semiconductor electroplating equipment and advanced packaging wet-process equipment.

The main reason for the high growth in revenue is the increasing demand for equipment in the domestic semiconductor downstream industry and the competitive advantages of the company's products . The company has achieved remarkable results in new customer expansion and new market development. New products have been recognized by more customers and order volume continues to grow.

In terms of market expansion, the company received a purchase order for Ultra C SiC silicon carbide substrate cleaning equipment for the first time in the first quarter . In addition, while the company has consolidated its leading position in domestic cleaning equipment, it has also rapidly expanded its overseas markets. In the first quarter, the company's single-chip SAPS megasonic cleaning equipment received a purchase order from a global semiconductor manufacturer in Europe .

In addition, from November to December 2022, the company has successively launched glue development and PECVD equipment to improve the industrial layout and more than double the market size of product coverage.

According to the financial report, both the revenue and net profit of Jingsheng Shares in the first quarter increased. The company's total operating income was 38.387 million yuan, a year-on-year increase of 128.5%, and the net profit attributable to the parent company was 2.4394 million yuan, a year-on-year increase of 307.73%.

The company is a semiconductor-specific equipment supplier, mainly engaged in the research and development, production and sales of crystal growth equipment.

Since its establishment, the company has been based on the technological homology of high-temperature and high-vacuum crystal growth equipment. Semiconductor-grade crystal growth equipment revenue and proportion are growing rapidly, which is the main component of Jingsheng Co., Ltd.'s main business revenue.

In the first quarter, Tuojing Technology achieved revenue of 402 million yuan, a year-on-year increase of 274.24%; net profit attributable to shareholders of the listed company was 53.718 million yuan, turning a loss into a profit.

Regarding the reasons for the substantial growth in performance, Tuojing Technology stated that it benefited from the increase in demand for semiconductor equipment from major domestic wafer fabs, coupled with the continuous optimization of the company's product structure, product competitiveness continued to increase, and further expanded customer groups, sales orders increased significantly, and business operations Revenue continues to grow at a high rate.

According to the data, Tuojing Technology is mainly engaged in the research and development, production, sales and technical services of high-end semiconductor special equipment. Since its establishment, the company has always adhered to independent research and development, and has now formed a product series of thin film equipment such as PECVD, ALD, SACVD, HDPCVD, etc. , which are widely used in domestic integrated circuit logic chip, memory chip and other manufacturing production lines.

At the same time, the company has developed a product series of hybrid bonding equipment used in the field of wafer-level three-dimensional integration.

Xinyuan Micro released a report for the first quarter of 2023, stating that the company's revenue in the first quarter was 288 million yuan, a year-on-year increase of 56.89%; net profit was 65.9774 million yuan, a year-on-year increase of 103.55%.

Xinyuan Micro said that the company's revenue growth was mainly due to the continued prosperity of the semiconductor equipment industry and the continued growth of the company's revenue scale. The increase in net profit was mainly due to the increase in the company's sales revenue and the increase in tax rebates for embedded software products during the reporting period. .

According to the data, Xinyuan Micro is mainly engaged in the research and development, production and sales of semiconductor special equipment. Its products include photolithography process glue coating and development equipment (glue coating/developing machine, glue spraying machine) and single-chip wet equipment (cleaning machine, remover). Glue machine, wet etching machine), can be used for 8/12-inch single wafer processing (such as front-end wafer processing and back-end advanced packaging links in integrated circuit manufacturing) and 6-inch and below single wafer processing (such as compound, MEMS, LED chip manufacturing, etc.).

Huahai Qingke achieved operating income of 616 million yuan in the first quarter, a year-on-year increase of 76.87%; net profit was 194 million yuan, a year-on-year increase of 112.49%.

Huahai Qingke stated that the Q1 performance growth was mainly due to the fact that the company's CMP (Chemical Mechanical Polishing) product, as one of the key process equipment for the front-end manufacturing of integrated circuits, has achieved multiple batch sales and its market share has continued to increase; at the same time, with the company's CMP The market share of products continues to expand, and business scales such as wafer regeneration, key consumables and maintenance services are gradually increasing.

Regarding future business growth, Huahai Qingke will not only increase CMP equipment sales and market share vertically, but also horizontally focus on the market demand for ultra-precision grinding technology and recycled wafer foundry required for wafer thinning in advanced integrated circuit processes. Develop and develop thinning equipment, recycled wafer foundry business, polishing fluid/cleaning fluid supply system, consumables and technical service business.

In 2022, Huahai Qingke's other business revenue, such as wafer recycling, key consumables and maintenance services, will be 218 million yuan, a year-on-year increase of approximately 96.22%.

Xinqi Micro-Device achieved revenue of 157 million yuan in the first quarter, a year-on-year increase of 50.29%; net profit attributable to shareholders of listed companies was 33.5082 million yuan, a year-on-year increase of 70.32%.

Xinqi Micro-Device stated that the substantial increase in net profit is mainly due to the company's increased market development efforts, continuously increasing the market share of PCB products, and deepening the expansion of direct-write lithography equipment in new displays, PCB solder masks, lead frames, and new energy photovoltaics. The industrial application of new application fields broadens the coverage of the downstream market and promotes the continued growth of the main business scale.

At the same time, the company is targeting the fast-growing IC carrier board and similar carrier board market, increasing market introduction efforts, promoting the high-end upgrade of the company's direct-write lithography equipment product system , and increasing the profit level of direct-write lithography products.

02

Foundry

On April 20, TSMC announced its first fiscal quarter 2023 financial report at its press conference. TSMC’s comprehensive revenue this quarter was approximately 114.42 billion yuan, net profit was approximately 46.56 billion yuan, and gross profit margin was 56.3%. It is understood that TSMC's revenue this quarter increased by 3.6% compared with the same period in 2022, exceeding market expectations. However, compared with the fourth quarter of 2022, revenue fell by 18.7%, and net profit fell by as much as 30%.

Among all process businesses, shipments of the 5-nanometer process accounted for 31% of the total quarterly wafer sales; shipments of the 7-nanometer process accounted for 20% of the full-quarter wafer sales, accounting for more than half of the total, reaching 51%.

From the perspective of application fields, only the automotive field has grown, but the increase is only 5%. The largest decline is still in the smartphone field, with a decline of 27% . Other once promising HPC and IoT fields also dropped by 14% and 19%.

TSMC CFO Huang Renzhao said that TSMC’s business in the first quarter was affected by the weakening macroeconomic environment and lower end market demand, causing customers to adjust their order requirements. It is expected that in the second quarter of 2023, TSMC's business will continue to be affected by customer inventory adjustments.

Revenue in the second quarter of 2023 is expected to be between US$15.2 billion and US$16 billion, gross profit margin between 52% and 54%, and operating profit margin between 39.5% and 41.5%.

UMC's first-quarter revenue was NT$54.21 billion, a year-on-year decrease of 18.3%, which was better than market expectations of NT$55.02 billion; net profit attributable to shareholders was NT$16.18 billion, a year-on-year decrease of 18.3%, which was better than market expectations of NT$12.5 billion.

The financial report shows that revenue from the 22/28nm process accounted for 26% of total revenue, down from 28% in the previous quarter. Capacity utilization was 70%, down from 90% in the previous quarter.

Looking forward to the second quarter, the company said that considering the weak demand for consumer electronics and the extended inventory adjustment period, UMC's second-quarter revenue and profits are likely to decline further .

According to the legal person, looking at UMC's various process categories, the current 8-inch wafer foundry demand is weak and the capacity utilization rate is still sluggish. Among 12-inch wafers, 28nm and 40nm are in the best condition, mainly supported by demand for panel driver ICs (DDIC). . Overall, its operations in the second quarter are expected to bottom out, and the second half of the year will be better than the first half.

03

Encapsulation

In the first quarter of 2023, the company's revenue fell by 27.99% year-on-year to 5.86 billion yuan, and its net profit fell by 87.24% year-on-year to 110 million yuan.

Changdian Technology explained that this was mainly due to weak global terminal market demand and the semiconductor industry being in a downward cycle, which resulted in lower demand from domestic and foreign customers, fewer orders, lower capacity utilization, and lower profits.

In order to actively and effectively respond to market changes, Changdian Technology continues to invest in high-performance, advanced packaging technology and automotive electronics, industrial electronics and high-performance computing where demand continues to grow, preparing for a new round of application demand growth.

In recent years, Changdian Technology has focused on developing and achieving mass production of advanced packaging technologies such as system-level (SiP), wafer-level and 2.5D/3D. In the first quarter of this year, related revenue continued to account for more than 60% of the company's revenue . Become the "ballast stone" for the company's business development.

Yongsi Electronics achieved total operating income of 425 million yuan in the first quarter of 2023, a year-on-year decrease of 26.86%; net profit attributable to the parent company was a loss of 49.8699 million yuan, compared with a profit of 71.1994 million yuan in the same period last year.

The company is mainly engaged in the packaging and testing business of integrated circuits. The quarterly report shows that in the first quarter of 2023, the terminal market as a whole continued the weakness in the second half of 2022. Downstream customers are generally in a state of inventory adjustment, and overall orders are still relatively weak . Although 1- Operating income in March showed an upward trend month-on-month, but the overall first quarter fell 26.85% year-on-year compared to the same period last year;

At the same time, affected by the Spring Festival holiday in January and the overall decline in orders, the company's overall capacity utilization rate declined compared with the same period last year. However, fixed asset depreciation, personnel and other expenses were relatively rigid, causing the overall gross profit margin to decline.

In the first quarter of 2023, USI Electronics achieved operating income of 12.998 billion yuan, a decrease of 6.85% compared with the same period in 2022; it achieved a net profit attributable to shareholders of listed companies of 277 million yuan, a decrease of 36.79% year-on-year.

USI focuses on micro module packaging, which is used in downstream applications such as communications and consumer electronics. As early as the annual performance briefing on February 7 this year, USI stated that "affected by industry destocking factors, operating income in the first quarter is expected to decrease by approximately 10% year-on-year." Judging from the company's first-quarter report card, overall In line with the company's expectations at the beginning of the year.

In addition, in the first quarter of 2023, the company's automotive electronics business revenue increased by 30.12% year-on-year, and operating revenue is expected to grow by about 20% for the whole year . With the continued increase in volume of some products and the introduction of new products, the automotive electronics business can maintain a rapid growth rate, and the overall gross profit margin level of the automotive electronics business is higher than the company's comprehensive gross profit margin.

ASE Investment Holdings recently released operating results for the first quarter of 2023. The consolidated revenue for the quarter was NT$130.891 billion, a quarter-on-quarter decrease of 26.2% and an annual decrease of 9.4%, the worst performance in the past seven quarters.

Although ASE's revenue in the first quarter both declined year-on-year and month-on-month, their revenue in March has returned to growth month-on-month. Data released on the official website shows that their revenue in March was NT$45.775 billion, a month-on-month increase of 14.5%. In January and February, ASE Investment Holdings’ revenue fell by 15.1% and 11.4% month-on-month respectively.

ASE expects that as semiconductor inventory adjustments are coming to an end, operations are expected to pick up in the second quarter and rise quarter by quarter.

04

IDM/fabless

Longsys disclosed its quarterly performance report stating that in the first quarter of 2023, the company achieved revenue of 1.482 billion yuan, a year-on-year decrease of 36.42%; the net profit attributable to shareholders of listed companies was -281 million yuan, a year-on-year decrease of 273.01%.

Longsys pointed out that the significant decline in the company's performance was mainly due to the impact of the industry market environment.

Longsys said in an institutional survey that the current downward trend in memory chip unit prices has begun to ease .

Beijing Junzheng achieved operating income of 1.069 billion yuan in the first quarter, a year-on-year decrease of 24.36%; net profit was 115 million yuan, a year-on-year decrease of 50.5%. At the performance briefing, the company stated that the current inventory growth rate is slowing down and "destocking" will begin in the second quarter.

In terms of business, Beijing Ingenics accounted for the largest share of memory chip revenue in the first quarter, and the industry continued to adjust in the first quarter; smart video chips were 181 million yuan, a year-on-year decrease of 19%; analog interconnect chips were 91 million yuan, a year-on-year decrease of 21%, among which the main ones were Mainly sales are LED driver chips; microprocessor chips are smaller in size, at 31 million yuan, a year-on-year increase of 13%.

Loongson Zhongke's first quarter results achieved operating income of 118 million yuan, a year-on-year decrease of 34.93%; the net profit loss attributable to shareholders of the listed company was 72.1792 million yuan, compared with a net profit of 36.4225 million yuan in the same period last year.

Loongson Zhongke said that during the period, the procurement demand of some important industrial control customers decreased compared with the same period last year. At the same time, the procurement of end customers of the company's information technology business was delayed , resulting in a decline in revenue in the first quarter. Due to the decline in operating income and changes in product structure, the gross profit margin decreased, as well as the significant increase in R&D investment during the period, which ultimately led to a sharp decline in net profit.

Loongson Zhongke will also see a decline in revenue and net profit in 2022. The annual report shows that in 2022, the company's operating income was 738 million yuan, a decrease of 38.51% from the same period last year; the net profit attributable to shareholders of the listed company was 51.75 million yuan, a decrease of 78.15% from the same period last year. Loongson Zhongke said that due to the stagnation of the e-government market, which led to a decline in sales revenue from information applications and a decline in project revenue, operating revenue in 2022 will decline compared with 2021.

Jingjiawei announced that in the first quarter, it achieved operating income of 65.182 million yuan, a year-on-year decrease of 81.98%; net profit was a loss of 70.6787 million yuan, compared with a net profit of 77.2953 million yuan in the same period last year, turning from profit to loss year-on-year.

Jingjiawei is mainly engaged in the research and development, production and sales of high-reliability electronic products. Its products mainly involve the field of graphics display and control, the field of small specialized radar, the field of chips and others. Graphic display and control is the company's existing core business and a traditional advantageous business. Small specialized radars and chips are the company's business direction for vigorous development in the future.

In the field of graphics processing chips, after years of technical research, the company has successfully independently developed a series of GPU chips with independent intellectual property rights, which are the core components of the company's graphics display and control module products and have thus formed a core technological advantage in the industry.

Jing Jiawei said that the main reason for the company's revenue decline was that the company's product sales during this reporting period decreased significantly compared with the same period last year.

Ziguang Guwei announced that its operating revenue in the first quarter was 1.541 billion yuan, a year-on-year increase of 14.87%; its net profit was 584 million yuan, a year-on-year increase of 10.03%.

In the semiconductor industry, Ziguang Guowei has always been a "star company" that has attracted much attention, because it mainly relies on special integrated circuits as its source of income, and it can be regarded as half a military industry stock. During the semiconductor industry's downward trend, Ziguang Guowei's outstanding performance was mainly due to the increase in the proportion of high-margin special integrated circuits.

The company's business covers high-performance microprocessors, high-performance programmable devices, analog devices, SoPC system devices and custom chips .

The market entry threshold for special equipment chips is high and the development time is long. The company has a high market share in this field. As my country's demand for special equipment continues to grow and equipment informatization construction accelerates, this type of business will continue to contribute the company's main profits in the future.

In the first quarter, the company achieved total operating income of 239 million yuan, a year-on-year decrease of 42.62%; net profit loss attributable to the parent company was 41.4621 million yuan, a year-on-year decrease of 153.97%.

The company said it was mainly due to the decline in customer demand in the company's downstream application markets, including the consumer electronics market. Many industry insiders believe that the current demand for consumer electronics is still sluggish and shows no sign of improvement . It can be seen that the downturn in the consumer electronics industry seems to be continuing.

Quanzhi Technology is mainly engaged in the R&D and design of intelligent application processor SoC, high-performance analog devices and wireless interconnection chips. The main products are intelligent application processor SoC, high-performance analog devices and wireless interconnection chips.

In response to rising application demands in emerging fields such as smart terminals and automotive electronics, Quanzhi Technology has made plans.

In the first quarter of 2023, the company achieved operating income of 289 million yuan, a year-on-year decrease of 37.73%; the net profit attributable to shareholders of the listed company was 34.1839 million yuan, a year-on-year decrease of 73.37%.

The company's main products are industrial control-level microcontroller chips and OLED display driver chips. The company's microcontroller system main control single chip is mainly used in home appliance main control, lithium battery management, motor control, smart meters and the Internet of Things. OLED display driver chips are mainly used for screen display drivers for mobile phones and wearable products.

Regarding performance changes, Zhongying Electronics said that in the same period last year, the industry was at the high point of the business cycle, and the profit for this period dropped significantly year-on-year, which was also affected by the higher comparison base period for the same period last year. During the Spring Festival holiday in January this year, most end customers’ production lines were closed for nearly half a month, and customer demand showed normal seasonal weakness;

Moreover, end customers are mainly digesting their inventory in the sales process this quarter. The company's sales have declined significantly year-on-year, but monthly sales revenue and new orders have shown marginal improvement month by month.

Jingchen announced its first quarter report, with operating income of 1.035 billion yuan, a year-on-year decrease of 30.11%, and net profit of 30.4373 million yuan, a year-on-year decrease of 88.74%.

Previously, Amlogic publicly stated that the global economy will be affected by multiple adverse factors in 2022, and the demand for downstream multimedia terminal products will be suppressed to a certain extent, and the market sentiment will decline .

It is understood that Amlogic’s main business is the R&D, design and sales of multimedia smart terminal SoC chips. Its main products are smart set-top box SoC chips, smart TV SoC chips, AI audio and video system terminal SoC chips, Wi-Fi and Bluetooth chips and Automotive electronic chips.

In the first quarter, Shanghai Belling achieved operating income of 395 million yuan, a year-on-year decrease of 11.61%; net profit attributable to shareholders of listed companies was 32.8263 million yuan, a year-on-year decrease of 77.21%.

Regarding the sharp drop in net profit, Shanghai Belling explained that it was mainly due to the continued weakness in semiconductor demand and the fact that most customers were in the inventory adjustment stage . The decline in sales scale and gross profit margin in the current period led to a decrease in gross profit, and the increase in R&D investment in the current period and the holding of Wuxi Gains from changes in fair value of Xinjie Energy and gains from disposals decreased.

Currently, the company's integrated circuit product business includes five major product areas: smart metering and SOC, power management, general analog, non-volatile memory, and high-speed and high-precision ADC. It is mainly used in consumer electronics, communications, industrial applications and other fields. The main target market is electricity meters. , mobile phones, LCD TVs and flat-panel displays, set-top boxes and other industrial and consumer electronic products.

Xinpengwei's revenue in the first quarter of 2023 was approximately 187 million yuan, a year-on-year increase of 1.03%; net profit was approximately 20.478 million yuan, a year-on-year decrease of 39.10%.

As for the reason for the decline in net profit, Xinpengwei said that the main reason is that the company continues to increase investment in research and development, and the increase in research and development expenses leads to a decrease in profits.

According to the data, Xinpengwei’s main products are power semiconductors, including PMIC, AC-DC, DC-DC, Gate Driver and supporting power devices, which are widely used in household appliances, mobile phone and tablet chargers, set-top box adapters, and car charging. devices, smart meters, industrial control equipment and many other fields.

From the perspective of revenue composition, Xinpengwei's products mainly include household appliance chips, standard power supply chips, industrial control power chips and other chips. Among them, household appliance chips are the product that accounts for the largest proportion of its revenue.

In the first quarter of 2023, the operating income of Biyiwei's revenue department was 132 million yuan, a year-on-year decrease of 21.20%; the net profit attributable to the parent company was a loss of 2.3118 million yuan, compared with a profit of 29.1747 million yuan in the same period last year.

In response to the changes in performance, Beiwei pointed out in the announcement that in addition to the expansion of the R&D team and the continued increase in R&D investment, the global consumer market has declined in the past year, demand in the terminal application field has decreased , and some of the company's products have also been greatly affected.

At the same time, due to the shortage of chip supply in 2021, manufacturers in the field of general LED lighting have adopted a more aggressive stocking strategy, which has since shown a long destocking cycle . Changes in supply and demand have led to a significant decline in the gross profit margin of general LED driver chips.

Jingfeng Mingyuan’s operating income in the first quarter was 265 million yuan, a year-on-year decrease of 12.18%, and its net loss was 60.015 million yuan, an increase in year-on-year losses.

The company's existing products include LED lighting driver chips, motor driver chips, AC/DC power supply chips, DC/DC power supply chips, etc.

Affected by the shrinking terminal demand and the destocking of customers in various downstream links, the company's performance has declined significantly since 2022.

In the first quarter, the company achieved operating income of 4.335 billion yuan, a year-on-year decrease of 21.72%; net profit was 199 million yuan, a year-on-year decrease of 77.81%.

Vail shares said that unfavorable conditions such as weak demand from enterprises and personal computers and smartphones, rising chip inventory levels, and continued weakness in the memory market have limited the growth of the semiconductor market.

Weill has previously stated in its 2022 annual report that the consumer market will be weak in 2022, and sales of PCs and smartphones will decline, which will cause greater interference to the company's various businesses, especially the company's image sensor business, which comes from the smartphone market. The revenue decreased by 44.40%. Moreover, image sensor solutions account for the largest proportion of the company's business. According to the 2022 financial report, the image sensor solution business accounts for 68.47% of the main business revenue.

It seems that Vail has not yet emerged from the dilemma of declining revenue and profits in this quarter. However, judging from the financial report, inventory in this quarter continued to decrease, from 12.356 billion yuan at the end of the fourth quarter of last year to this level. 10.769 billion yuan at the end of the quarter.

05

EDA/IP

In the first quarter of 2023, VeriSilicon achieved operating income of 539 million yuan, a year-on-year decrease of 3.77%. Net profit attributable to shareholders of listed companies -71.5936 million yuan.

In the first quarter of 2023, VeriSilicon's revenue from customer groups such as system manufacturers, large Internet companies and cloud service providers was 282 million yuan, a year-on-year increase of 47.62%, accounting for 52.36% of operating revenue, an increase of 6.55 percentage points compared with 2022. .

The quarterly report shows that VeriSilicon has sufficient orders on hand, with the order amount in the first quarter reaching 1.81 billion yuan.

In the first quarter of 2023, the company reported revenue of 518 million yuan, a year-on-year increase of 16.25%; net profit attributable to the parent company was 60.37 million yuan, a year-on-year increase of 55.46%.

The company's wide range of products include bulk gases, special gases and gases, etc., and are widely recognized by leading customers in many emerging industries such as integrated circuits, LCD panels, LEDs, optical fiber communications and photovoltaics.

Previously, the company released its annual report. The annual report showed that in terms of business, Jinhong Gas's revenue from the semiconductor industry grew rapidly, reaching 381 million yuan, replacing last year's new materials as the company's largest revenue segment, and its gross profit margin increased to About 44%.

Integrated circuits are the largest downstream field of electronic specialties, accounting for 43%. At the same time, electronic specialties are also the second largest core material among wafer materials after silicon wafers, accounting for about 14% of the cost. In the future, driven by strong demand in the electronic semiconductor field, the demand for electronic gases is expected to continue to increase.

Nanda Optoelectronics released its first quarter report for 2023, achieving operating income of 398 million yuan, a year-on-year decrease of 3.12%; net profit attributable to shareholders of listed companies was 74.9704 million yuan, a year-on-year decrease of 7.06%.

Nanda Optoelectronics has been focusing on the development of its main business of high-purity electronic materials. In response to changes in performance, Nanda Radio and Television said that nitrogen trifluoride products, which are an important source of performance for the company, began to decline in volume and price in the fourth quarter, resulting in a significant decline in revenue and gross profit margin. As shown in the performance reports of Samsung, Hynix, Intel and other companies, the global IC industry has experienced cyclical corrections since the fourth quarter of last year, and the company's shipments of hydrogen special gases such as safety sources and high-purity arsane have declined.

Faced with the unfavorable situation of downstream industries and market downturns, the company implemented pragmatic reforms and accelerated the development and verification of new products. Although the overall performance of this quarter declined slightly compared with the same period last year, it has reversed the downward trend in the fourth quarter of last year.

In addition, it is understood that as early as 2016, Nanda Optoelectronics took a stake in Beijing Kehua Microelectronic Materials Co., Ltd. and began the research and development of the "193nm photoresist project", and the company is the only company that has passed the EUV photoresist "02 Special Project" "R&D enterprise. Currently, the company has several ArF lithography products being tested by large domestic chip manufacturing companies.