AMEC 2026 H1 Core Gross Profit Up RMB682 Million, R&D Spending Up 36.89%
AMEC reported that its H1 2026 core business gross profit rose by RMB682 million year-on-year, while investment gains contributed RMB1.982 billion, up from RMB168 million in 2025. R&D spending reached RMB2.042 billion, up 36.89% to account for 30.52% of revenue. The company targets covering 60% of high-end semiconductor equipment within five years.
AMEC released its H1 2026 earnings preview on August 3. In the same period of 2025, the company's revenue was RMB4.961 billion, net profit attributable to shareholders was RMB706 million, and net profit excluding non-recurring items was RMB539 million.
The substantial profit growth was driven by two factors. First, revenue from semiconductor equipment business grew steadily, with core gross profit rising by approximately RMB682 million compared with the same period in 2025. Second, the company recorded fair value changes and investment income from external equity investments totaling approximately RMB1.982 billion, up RMB1.815 billion from RMB168 million in H1 2025.
On R&D, the company spent approximately RMB2.042 billion in H1 2026, an increase of RMB550 million or about 36.89% year-on-year, representing 30.52% of revenue. The company has developed 54 types of high-end semiconductor equipment, including 26 high- and low-energy plasma etchers, and 24 types of thin-film, CMP, and inspection/metrology equipment. Its etching and thin-film equipment achieve atomic-level processing precision. As of end-June 2026, the company has cumulatively put more than 8,800 reaction chambers into mass production across over 220 production lines domestically and internationally. Its in-development projects cover six equipment categories and over 20 new equipment models, with new product development cycles shortened from three to five years to two years or less.
Chairman and General Manager Yin Zhiyao stated at the company's 22nd anniversary celebration on August 1 that within the next five years, the company will cover at least 60% of high-end semiconductor equipment, exceeding 100 types, through independent development and external acquisitions, and by 2035 aim to become a globally first-tier semiconductor equipment company in scale, product competitiveness, and customer satisfaction. Recently, AMEC Semiconductor Equipment (Wuhan) Co. , Ltd. was established with a registered capital of RMB50 million, wholly owned by AMEC.
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