AMEC (China) 2024 revenue surges on strong equipment demand
AMEC (SSE: 688012) announced preliminary 2024 revenue of approximately RMB 9.065 billion, a 44.73% increase compared to 2023. Etching equipment sales drove the growth, reaching RMB 7.277 billion, up 54.73% year-over-year. The company's LPCVD thin film deposition equipment also saw initial market success, generating RMB 156 million in sales. However, net profit attributable to shareholders decreased by 8.93% to RMB 1.626 billion, which the company attributes to substantially increased R&D investment to accelerate development of new products and address market demands. R&D expenditure soared 94.31% to RMB 2.452 billion, representing 27.05% of revenue. Total assets increased 21.85% to RMB 26.229 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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