Recently, AMEC (Shanghai) Co., Ltd.was listed in the Forbes China's Top 50 Most Innovative Companies list for the fourth time. In the past three years, the update rate of this list has gradually increased, reaching 80% this year. AMEC has become one of the very few companies that have been on the list for three consecutive years with its outstanding innovation capabilities and continuous technological progress.
As one of the six semiconductor companies on the list, AMEC has won this honor for the fourth time, following 2020, 2022 and 2023. The 50 Chinese local innovative companies on the list this year cover 12 active innovation fields, including semiconductors, new energy, large models, commercial aerospace, robots, autonomous driving, low-altitude economy, and quantum computing.
Focusing on high-end semiconductors and pan-semiconductor equipment, AMEC continues to promote the implementation of a high-quality growth strategy driven by R&D innovation, maintains a high level of R&D investment, and makes continuous innovations and breakthroughs in the R&D of products such as etching and thin films.
In the first three quarters of 2024, the company invested 1.544 billion yuan in R&D, a year-on-year increase of 95.99%, and R&D investment accounted for 28.03% of operating income. AMEC's new products continue to gain market recognition, and it continues to strengthen its R&D capabilities to accelerate the expansion of its product lines.
At present, the company's research projects cover six types of equipment, and more than 20 development projects have been launched and executed. As of the end of September 2024, AMEC has a number of independent intellectual property rights and core technologies, and has applied for 2,744 patents, of which 1,716 have been authorized.
In the process of product development, design and manufacturing, AMEC continues to practice the "
Ten Principles of Product Development " among the "Four Tens", always emphasizing
innovation and differentiation . Through continuous breakthrough innovation, its technological capabilities have reached the international leading level. The series of etching equipment and MOCVD equipment developed by the company have reached the international advanced level in performance, and some products are global leaders in their segments. Among them, the technical capabilities of etching equipment have reached 5 nanometers and more advanced process levels, and MOCVD equipment has a far-leading market share in the field of Mini LED gallium nitride-based equipment. At the same time, the research and development of many new products such as thin-film deposition equipment such as LPCVD and ALD are progressing smoothly. The LPCVD equipment achieved its first sale in 2024, with new orders of 300 million yuan in the first three quarters.
The comprehensive competitive advantage of AMEC has been continuously enhanced, and various operating KPI indicators have reached and in some aspects exceeded the level of international advanced semiconductor equipment companies. Over the past decade, the company's operating income has continued to grow at an average annual growth rate of more than 35%. In
the third quarter of 2024, the company's performance continued to maintain rapid growth, with operating income increasing by 35.96% year-on-year to 4.041 billion yuan, and net profit attributable to shareholders increasing by 152.63% year-on-year to 396 million yuan .
The evaluation dimensions of Forbes China's top 50 innovative companies in 2024 include innovation capability (corporate R&D investment and core independent intellectual property rights), corporate governance (corporate digitalization and management level), corporate growth (core financial indicators performance in the past three years), innovation-driven market advantages (core product market share and product substitutability) and corporate social image. For many years, AMEC has continuously strengthened and improved its competitive advantages in innovation capability, corporate governance, corporate growth, and innovation-driven market advantages, winning wide recognition from the industry and the market.
