U.S. removes China Micro from China’s list of military-related companies

On June 9, China Micro-semiconductor Equipment (Shanghai) Co., Ltd. (hereinafter referred to as “the company”, “the company”) issued an announcement saying that the US Department of Defense will Advanced Micro-Fabrication Equipment Inc. (AMEC) (hereinafter referred to as “AMEC”) was removed from the list of Chinese military-related enterprises.

Previously, the company disclosed the “Announcement Concerning Related Matters” (announcement number: 2021-001) on January 15, 2021, and AMEC was included in the list of Chinese military-related enterprises by the US Department of Defense on January 14, 2021. After AMEC is removed from the list of Chinese military-related companies, American persons will no longer be restricted from trading securities and related derivatives issued by AMEC. For details, please refer to relevant US laws and regulations.The company reiterates that the company has always adhered to legal and compliant operations, and strictly abides by relevant laws and regulations including export control in each place of operation

U.S. removes China Micro from China’s list of military-related companies

(From company announcement)

According to the data, Zhongwei is a high-end micro-processing equipment company based in China and facing the world, providing highly competitive high-end equipment and high-quality services for the integrated circuit and pan-semiconductor industries. The plasma etching equipment and chemical thin film equipment developed by China Microelectronics are the key equipment for manufacturing various microscopic devices, which can process various devices at the micrometer and nanometer scales. These microscopic devices are the foundation of modern digital industries, and they are revolutionizing the way humans produce and live.

In terms of corporate operations, in the first quarter of 2021, both the company’s etching business and MOCVD business achieved rapid growth. The operating income was about 600 million yuan, an increase of about 46% year-on-year, of which the etching equipment achieved revenue of about 350 million yuan, and the MOCVD equipment revenue of about 130 million yuan, an increase of about 64% and 77% year-on-year respectively. The company’s gross profit margin increased by about 7 percentage points year-on-year to about 41%. The net profit attributable to the parent company was about 140 million yuan, a year-on-year increase of about 425%.

In terms of the company’s future development strategy planning, China Micro Company disclosed in its recently released investor research report that it will adopt a three-dimensional development strategy. The first dimension is to expand from the current plasma etching equipment to chemical thin film equipment, and key equipment such as etching and thin film related testing. The second dimension is to expand the products in the field of pan-semiconductor equipment, from the etching equipment that has been developed for the manufacture of MEMS and image sensors, the MOCVD equipment for the manufacture of blue LEDs, to more micro-device processing equipment, And equipment products for manufacturing deep ultraviolet LED, Mini-LED, Micro-LED and other microscopic devices. The third dimension is to explore new applications of core technologies in environmental protection, industrial Internet and other fields, as well as in the national economy and people’s livelihood.

The company will continue to develop new products through organic growth, and continuously increase the market share of its products; at the same time, the company will expand its product and market coverage through investment, mergers and acquisitions and other epitaxial growth methods at appropriate times, and expand its product and market coverage to global integrated circuits and LED chip manufacturers provide highly competitive high-end equipment and high-quality services, and provide global semiconductor manufacturers and related high-tech emerging industry companies with processing equipment and process technology solutions to help them improve their technical level, improve production efficiency, reduce manufacturing cost.

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