On August 6, Shengmei Shanghai released its performance report for the first half of 2025, stating that its operating income in the first half of the year was 3.265 billion yuan, a year-on-year increase of 35.83%. The main reason was the strong demand in the Chinese mainland market. Relying on its technological differentiation advantages, the company successfully seized market opportunities and accumulated sufficient order reserves; the company's sales delivery and commissioning acceptance work was efficiently promoted during this period, effectively ensuring the steady growth of operating performance; the company has deeply promoted product platformization, and the product technology level and performance have continued to improve. The product series has become increasingly complete, meeting the diverse needs of customers, and market recognition has continued to increase, providing strong support for revenue growth.
Total profit was RMB 820 million, a year-on-year increase of 75.27%; net profit attributable to the parent company was RMB 696 million, a year-on-year increase of 56.99%; and net profit excluding non-recurring items was RMB 674 million, a year-on-year increase of 55.17%. This was mainly due to the growth of the company's core business income and the reduction of share-based compensation expenses.
As of the end of the first half of the year, Shengmei Shanghai's total assets were 13.289 billion yuan, a year-on-year increase of 9.56%; the net assets attributable to shareholders of listed companies were 8.24 billion yuan, a year-on-year increase of 7.49%.
The net cash flow generated from operating activities in the first half of the year was -132 million yuan, a year-on-year decrease of 129.54%, mainly due to the expansion of business scale, which led to an increase in employee salaries paid by the company, the increase in total profits, which led to an increase in the company's corporate income tax payments in this period, and a slowdown in the collection of accounts receivable.
Basic earnings per share were RMB 1.58, up 54.90% year-on-year; diluted earnings per share were RMB 1.57, up 57.00% year-on-year; and basic earnings per share after deducting non-recurring gains and losses were RMB 1.53, up 53.00% year-on-year. This was primarily due to the growth in the company's core business revenue and the reduction in share-based compensation expenses.
In the first half of the year, ACM Shanghai's core product lines achieved outstanding market performance and significant technological innovation. In the semiconductor cleaning equipment sector, according to Gartner, the company holds an 8% global market share (ranking fourth globally). According to statistics from some Chinese manufacturers, the company's single-wafer cleaning equipment market share in China exceeds 30%, ranking second among all cleaning equipment suppliers domestically and internationally. In March 2025, the company's independently developed single-wafer high-temperature SPM equipment successfully passed key customer validation, demonstrating its significant value in the manufacture of next-generation semiconductor devices. In the semiconductor electroplating equipment sector, the company holds an 8.2% global market share (ranking third globally). During the reporting period, the company delivered its 1,500th electroplating chamber for its ECP equipment, achieving full coverage of electroplating technology (front-end copper interconnect, back-end wafer-level packaging, 3D stacking, and compound semiconductors).
