Sales orders increased significantly, and North Huachuang's Q3 net profit increased by 144.16% year-on-year

On the evening of October 28, North Huachuang announced that in the first three quarters of 2021, the company achieved operating income of 6.173 billion yuan, a year-on-year increase of 60.95%; net profit attributable to shareholders of listed companies was 658 million yuan, a year-on-year increase of 101.57%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 525 million yuan, a year-on-year increase of 200.95%.

Among them, in the third quarter of 2021, the company achieved operating income of 2.565 billion yuan, a year-on-year increase of 54.65%; net profit attributable to shareholders of listed companies was 348 million yuan, a year-on-year increase of 144.16%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 300 million yuan, a year-on-year increase of 296.69%.

Regarding the reasons for the performance changes, North Huachuang said that it was mainly due to an increase in sales orders and production scale compared with the previous period, resulting in a corresponding increase in revenue.

Not long ago, North Huachuang stated on an investment interactive platform that the company's ALD equipment has been sold to some customers, and some customers are in the process verification stage.

As a leading domestic semiconductor equipment manufacturer, North Huachuang has the most complete equipment product line in the country and is also one of the core forces of domestic substitution.

At present, NAURA's production lines cover industries such as semiconductor equipment, vacuum equipment, lithium battery equipment and components. Among them, semiconductor equipment covers four major fields: IC, photovoltaic, LED and panel, including various types of equipment such as etching, PVD, CVD, oxidation, annealing, cleaning, ALD, transmission and curing, which is the most comprehensive semiconductor equipment product line in China; vacuum equipment mainly includes welding process equipment, crystal production equipment, heat treatment equipment, sintering equipment and magnetic material equipment; lithium battery equipment covers a full set of lithium battery manufacturing production line equipment; components are mainly special devices, including resistors, capacitors and other devices.

On August 24, the China Securities Regulatory Commission approved the company's 2021 non-public offering, intending to raise no more than 8.5 billion yuan, mainly for the company's semiconductor equipment research and development projects, industrialization expansion projects, and precision components expansion projects. After reaching full production, it is expected to have a production capacity of 500 integrated circuit equipment, 500 emerging semiconductor equipment, 300 LED equipment, and 700 photovoltaic equipment. After the smooth implementation of the project, the company's overall technical strength will be further improved.

It is reported that the company is the main force in the localization of semiconductor equipment. Its semiconductor equipment includes etcher, PVD, CVD, ALD, oxidation/diffusion furnace, annealing furnace, cleaning machine, etc., and its products have received bulk orders from leading customers in the industry. In recent years, the company has accelerated the development of advanced process equipment and expanded etching technology horizontally to meet customer needs. It currently has 28nm technology and is developing 14-5nm process products. We believe that with the help of the fixed increase project, the company has a multi-product line layout and maintains continuous technological leadership in many fields, and there is huge market space for localization in the future.