Dongwu Securities gives SMIC a "Buy" rating: sustained performance growth, platform-based expansion accelerating implementation

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Everyday Economic News AI Express: On April 1, Soochow Securities released a research report saying it rates MicroOpt Company (688012.SH, latest price: 312.36 yuan) as a “Buy.” The main reasons include: 1) stable and steady growth in revenue & performance, with thin-film products continuing to ramp up; 2) slightly declining gross margin, but a significant improvement in R&D investment & efficiency; 3) ongoing progress in its platform-based layout, which will cover key processes such as etching, thin films, and metrology; 4) the acquisition of Hangzhou Zhong Si, enabling entry into the wet-chemical CMP sector. Risk warning: the pace of expansion by wafer fabs may fall short of expectations, and R&D and commercialization of new products may fall short of expectations, etc.

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(Reporter Wang Xiaobo)

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