“Science and Technology Innovation Board Daily”, October 23 (Reporter Wu Xuguang) On the evening of October 22, Xinyuanwei released the third quarter results announcement, saying that in the first three quarters of this year, the company's revenue was about 1.105 billion yuan, a year-on-year decrease of 8.44%; realized net profit of about 0.108 billion yuan, a year-on-year decrease of 51.12%; and realized deducted non-net profit of about 0.04 billion yuan, a year-on-year decrease of 77.97%.

Among them, in the third quarter of this year, Xinyuanwei achieved operating income of 0.411 billion yuan, a year-on-year decrease of 19.55%; net profit attributable to shareholders of listed companies was 31.5 million yuan, a year-on-year decrease of 62.74%.

Regarding changes in performance, Xinyuanwei indicated that the reasons include the uneven distribution of the company's short delivery cycle orders and long delivery cycle orders, which led to certain fluctuations in quarterly revenue; increased R&D investment in Qiandao Track and Qiandao Chemical Cleaning; the increase in the number of employees in the company, share payments and shares, etc., which led to a sharp increase in management expenses and sales expenses over the same period last year.

Xinyuan Micro's main business involves R&D, production and sales of semiconductor-specific equipment. Its products include gluing machines, projectors, glue sprayers, etc. According to the company's latest financial report, the main business revenue composition is: 62.09% for lithography process gluing and developing equipment, 34.95% for single-chip wet processing equipment, 2.19% for other (supplementary), and 0.77% for other equipment.

Regarding the industrialization progress of the company's next-generation ultra-high-capacity glue-coated projector FTEX, Xinyuanwei said that currently the ultra-high-capacity FTEX machine is progressing smoothly in research and development such as scheduling design and unit testing, and it will rapidly advance the verification and industrialization process of ultra-high-capacity glued projectors.

The “Science and Technology Innovation Board Daily” reporter noticed that in recent years, while consolidating its main market advantage, Xinyuanwei has also laid out fields such as chemical cleaning, temporary bonding, and unbonding.

During the reporting period, Xinyuan Micro's first chemical cleaning machine, KS-CM300, was launched. According to reports, the KS-CM300 single-chip chemical cleaning machine is the first high-end equipment independently developed by Xinyuanwei. It is suitable for various processes such as pre-deposition, post-thinfilm, and post-etch. The high-temperature SPM cleaning process for machines is recognized by the industry as one of the processes with the highest requirements for 28 nm/14 nm process performance.

It should be noted that on the evening of October 22, Xinyuanwei issued an announcement stating that some fund-raising projects were postponed.

According to Xinyuanwei, based on the actual construction situation and investment progress of the company's fund-raising project, the scheduled usage period for the initial IPO fund-raising project “High-end Wafer Handling Equipment Industrialization Project (Phase II)” will be adjusted from December 8, 2024 to December 8, 2026.

Regarding the reason for the delay of the project, Xinyuanwei said that according to the company's overall plan, in April 2023, it changed the project implementation site from “No. 1 Caiyun Road, Hunnan District, Shenyang City, Liaoning Province” to “plot of planning road in the north, Innovation Road in the south, Shenben Street in the west, and Shenben 1st Street in the east”, due to factors such as changes in the implementation site of the fund-raising project.