“Science and Technology Innovation Board Daily”, October 29 (Reporter Wu Xuguang) On the evening of October 29, CMP semiconductor equipment supplier Huahai Qingke announced its 2024 three-quarter report.

The company achieved operating income of 2.452 billion yuan in the first three quarters, up 33.2% year on year; completed net profit of 0.721 billion yuan, up 27.8% year on year; net profit after deducting non-return to mother of 0.615 billion yuan, up 33.8% year on year; and net operating cash flow of 0.876 billion yuan, up 136.1% year on year.

In the third quarter of this year, the company achieved revenue of 0.955 billion yuan, up 57.6% year on year; net profit to mother 0.288 billion yuan, up 51.7% year on year; net profit after deducting non-return to mother 0.246 billion yuan, up 62.4% year on year.

By the end of the third quarter, the company's total assets were $10.938 billion, up 20.0% from the end of the previous year; net assets to mother were $6.165 billion, up 11.7% from the end of the previous year.

Regarding the increase in revenue, Huahai Qingke said that the main reason is that the company has grasped the market opportunities brought by demand in the integrated circuit industry and increased investment in R&D. As one of the key process equipment for advanced integrated circuit manufacturing, its market share continues to increase.

“As the company's market holdings of CMP products expand, the scale of business such as key consumables and maintenance services gradually expanded, while revenue from wafer recycling and wet processing equipment gradually increased, and the company's revenue increased over the same period.” Huahai Qingke further stated.

In the first three quarters of 2024, the company's gross margin was 45.82%, down 0.64 percentage points year on year; net margin was 29.40%, down 1.25 percentage points from the same period last year. Judging from single-quarter indicators, the company's gross margin for the third quarter of 2024 was 45.08%, down 1.65 percentage points from the previous year.

Regarding subsequent gross margin performance and improvement measures, Huahai Qingke said that since the company's revenue structure varies slightly from quarter to quarter, it is normal for gross margin to fluctuate slightly between quarters. Next, it will maintain the company's gross margin and net margin at a relatively stable level through management measures such as continuously developing new products for new customers, improving processes to improve efficiency, and reducing costs and increasing efficiency.

Huahai Qingke is a high-end semiconductor equipment supplier. Its main products include CMP (chemical mechanical polishing) equipment, thinning equipment, liquid supply systems, wafer regeneration, key consumables and maintenance services. Among them, CMP equipment sales account for about 90%, which is the company's main source of revenue.

The “Science and Technology Innovation Board Daily” reporter noticed that in addition to increasing sales volume and market share of CMP equipment vertically, Huahai Qingke is also developing and developing thinning equipment, consumables and technical service businesses around the market demand for ultra-precision grinding technology and recycled wafer foundry required for advanced integrated circuit manufacturing processes.

Recently, in response to agency research, Huahai Qingke said that at present, the 12-inch ultra-precision wafer thinner Versatile-GP300 has received batch orders from leading companies in various fields and is highly recognized by customers. It is expected that some machines will be accepted in the second half of this year; the 12-inch wafer thinning and coating all-in-one Versatile-GM300 has been sent to leading domestic sealing and testing companies for verification.

Regarding the progress of the company's thinning products, on the evening of September 19 this year, Huahai Qingke issued an announcement stating that the company's 12-inch ultra-precision wafer thinning machine, the Versatile-GP300, has completed the first verification work.