China-based semiconductor equipment maker Naura Technology Group saw its net profits for both the whole 2019 and first-quarter 2020 climb by over 30% on year, buoyed mainly by a ramp-up in orders from China-based foundries, according to the firm's newly releases financial statements.
The company's revenues surged 22.10% on year to CNY 4.058 billion in 2019, with net profits expanding 32.24% on year to CNY309 million. It's first-quarter 2020 revenues and net earnings picked up 32.49% and 33.01% from a year earlier reaching CNY938 million and CNY26.48 million, respectively.
A further breakdown showed that Naura's revenues from semiconductor and electronics equipment soared 26.58% on year to CNY3.19 billion in 2019 and those from precision electronics components increased 7.60% to CNY847 million, with the growth momentum mainly driven by demand from major Chinese semiconductor players.
In January 2020, Naura won the bid for 12 process machines from Yangtze Memory Technology including three sets of CuBSPVD equipment, breaking Applied Materials' dominance in such a segment, according to industry sources.
So far this year, Nauaru has enjoyed an influx of orders from many other Chinese semiconductor firms including Hua Hong Semiconductor, CanSemi Technology, GTA Semiconductor, ChangXin Memory Technologies (CXMT), SiEn Integrated Circuits and SMIC, who have significantly increased purchases from homegrown equipment makers in line with the government's efforts to build self-sufficiency capability, the sources said.
Naura is set to roll out 14nm process equipment soon as its products are pending validations by potential clients. The company has also readied plans to develop more-advanced equipment for 7nm and 5nm process nodes, the sources said.
Article translated by Willis Ke
