AMEC's Q1 revenue soars 35%, driven by advanced etching

** Advanced Micro-Fabrication Equipment (AMEC) [SSE:688012] reported impressive financial results for the first quarter of 2025, highlighting its sustained growth momentum. The company's revenue reached CNY 2.173 billion, a 35.4% increase compared to the same period last year, attributed to strong performance in advanced etching and thin-film equipment. AMEC noted significant gains in high-end etching tools for advanced logic and memory manufacturing, with key processes already in mass production. The company's aggressive R&D investments, totaling CNY 686.8 million in Q1, represent 31.6% of revenue and reflect a sharp increase from last year, supporting the development of over twenty new devices and helping to quickly bring competitive new equipment to the market. Profit attributable to shareholders for the quarter stood at CNY 313 million, a 25.67% increase year-over-year. This growth came as AMEC made new advances with six thin film products successfully launched into the market, now rivalling leading international products, and EPI equipment undergoing customer manufacturing validation.