AMEC First-Half Profit to Nearly Quadruple on Soaring Demand
Advanced Micro-Fabrication Equipment China (AMEC) revealed that its preliminary profit for the first half of the year is set to increase nearly fourfold, fueled by robust domestic demand for semiconductors in light of US sanctions. A filing with the Shanghai Stock Exchange on Monday indicated that the company earned at least 2.7 billion yuan (US$400 million) from January to June, marking a 282 percent rise compared to the previous year. The profit could grow by 311 percent, resulting in a net profit of 2.9 billion yuan, while revenue is expected to climb 35 percent to 6.7 billion yuan. This profit boost includes nearly 2 billion yuan from investment gains, with adjusted profit also doubling. AMEC's shares saw a 2.55 percent increase in Shanghai, highlighting the resilience of China's semiconductor supply chain amid external challenges.
Key facts
- AMEC's preliminary profit for H1 2025 will nearly quadruple year-on-year.
- Profit at least 2.7 billion yuan (US$400 million), up 282% YoY.
- Upper limit of profit growth could reach 311%, net profit 2.9 billion yuan.
- Revenue rose 35% YoY to 6.7 billion yuan.
- Profit growth partly driven by ~2 billion yuan in investment and fair-value gains, including sale of Piotech shares.
- Adjusted profit excluding gains doubled in H1.
- AMEC shares closed up 2.55% in Shanghai on Tuesday.
- Semiconductor equipment index (Wind) advanced over 7.61%.
- First-half outlook is an early bellwether for domestic equipment sector.
- Demand driven by US sanctions and expansion of Chinese memory and advanced-logic fabs.
Entities
Institutions
- Advanced Micro-Fabrication Equipment China (AMEC)
- Shanghai Stock Exchange
- Piotech
- Wind
Locations
- China
- Shanghai