Etching Equipment Sales Drive 36.6% Revenue Growth
Advanced Micro-Fabrication Equipment Inc. China (AMEC) reported a 36.62% year-over-year increase in revenue to 123.85 billion yuan for its 2025 fiscal year, according to its annual report released on March 30, 2026. Net profit attributable to the parent company rose 30.69% to 21.11 billion yuan. The growth was heavily weighted toward the second half of the year, with fourth-quarter revenue hitting a record 43.22 billion yuan and delivering 9.00 billion yuan in net profit. The company's core etching equipment business remained the primary driver, with sales growing 35.12% to 98.32 billion yuan as it increased shipments for advanced logic and memory applications.
LPCVD Equipment Sales Skyrocket 224%, Forging New Growth Curve
The standout performer in AMEC's report was its low-pressure chemical vapor deposition (LPCVD) equipment segment. Sales from this division exploded by 224.23% to 5.06 billion yuan. This rapid acceleration indicates that the products are moving beyond initial validation and securing repeat orders for mass production, with cumulative shipments now exceeding 300 reaction chambers. This performance establishes a clear second growth engine for AMEC, diversifying its revenue streams and strengthening its position as a supplier for advanced semiconductor manufacturing processes, which increasingly rely on multi-patterning techniques involving both etching and thin-film deposition.
AMEC Proposes 4.9-for-10 Bonus Share Issue After Profit Gain
Alongside its strong earnings, AMEC announced a shareholder return plan that includes a cash dividend and a substantial stock transfer. The company proposed a cash dividend of 3.50 yuan per 10 shares, totaling approximately 2.19 billion yuan. More significantly, it plans to issue 4.9 new shares for every 10 shares held, a move that will expand its total share base from 6.26 billion to 9.33 billion. While the company's profitability was strong, it was partially supported by 5.62 billion yuan in non-recurring gains. AMEC also boosted its R&D expenses by 74.61% to 24.75 billion yuan, a strategic decision to fund future growth and support its planned acquisition of Hangzhou Zhongsili Electronic Technology to expand into 'wet' process solutions.
