Northern Microelectronics has unveiled its performance forecast, projecting a net profit for 2024 to lie between RMB 5.17 billion and RMB 5.95 billion. This anticipates a robust year-on-year growth of 32.6% to 52.6%. Over the reporting period, the company has achieved notable advancements in multiple new product lines, notably Capacitively Coupled Plasma Etching (CCP) equipment, Plasma Enhanced Chemical Vapor Deposition (PECVD) equipment, Atomic Layer Deposition Vertical Furnaces, and Stacked Cleaning Machines. These innovative offerings have successfully integrated into customer production lines, resulting in substantial sales volumes. As the company's business footprint continues to expand, its platform strengths are becoming increasingly evident, fostering a marked enhancement in operational efficiency and a reduction in cost and expense ratios.
