AMEC's Annual Net Profit Surges 160% to CNY 492 Mn

Technology Author: Fuller Wang Feb 24, 2021 04:05 PM (GMT+8)

The micro-fabrication equipment company takes advantage of the bullish market trend, and its profit hits a historical high again.


On February 24, AMEC released its 2020 annual performance data. In 2020, the company realized a revenue of CNY 2.27 billion, up 16.8% year-on-year, and a net profit of CNY 492 million, surging 161% year-on-year. The growth of business revenue in 2020 is mainly benefited from the booming of the semiconductor market and popular products. The company's revenue from etching equipment in 2020 reaches CNY 1.29 billion, up 58.5% year-over-year.

AMEC, as a global micro-fabrication equipment company, has been focusing on research, production, and sales of high-end semiconductor equipment. Their equipment is used to build tiny nanoscale devices that provide intelligence and memory for the inventive product. The company's plasma etching equipment has been applied in the international first-line customers from 65nm,14nm, 7nm, and even 5nm IC processors. The company has become a world-leading manufacturer of GaN-based LED equipment.