AMEC: AMEC 2024: revenue soars 44%, R&D investment jumps 94%, new fab production expected by 2027

On January 14, Advanced Micro-Fabrication Equipment (AMEC) projected 2024 revenue of CNY9.065 billion (US$1.237 billion), reflecting a 44.73% increase compared to the previous year. Net profit, excluding non-recurring items, is expected to range from CNY1.28 billion to CNY1.43 billion, marking a 7.43% to 20.02% increase, according to The Paper.