China Securities Intelligent Financial News China Micro Corporation (688012) disclosed its 2024 performance express report on the evening of February 27, and the company achieved operating income of 9.065 billion yuan, a year-on-year increase of 44.73%; the net profit attributable to the parent company was 1.626 billion yuan, a year-on-year decrease of 8.93%; deducted non-net profit of 1.388 billion yuan, a year-on-year increase of 16.52%; Basic earnings per share was 2.63 yuan, and the weighted average return on equity was 8.7%. Based on the closing price on February 27, AMEC's current price-to-earnings ratio (TTM) is about 80.56 times, the price-to-book ratio (LF) is about 6.93 times, and the price-to-sales ratio (TTM) is about 16.95 times.

Based on the data of this disclosed performance report, the company's price-to-earnings ratio (TTM) chart in recent years is as follows:

According to the data, the company's main etching equipment, MOCVD equipment, thin film deposition equipment, and other equipment.

According to the announcement, due to the sharp increase in market demand for the development of a variety of new equipment by AMEC, the company will significantly increase its R&D efforts in 2024 to make up for the shortcomings of domestic semiconductor equipment as soon as possible, achieve catch-up, and lay a good foundation for sustainable growth. In 2024, the company's R&D investment will be about 2.452 billion yuan, an increase of 1.190 billion yuan over last year, a year-on-year increase of about 94.31%, and the proportion of R&D investment in the company's operating income in 2024 will be about 27.05%, much higher than the average of the Science and Technology Innovation Board. In 2024, the R&D expenses will be 1.418 billion yuan, an increase of about 601 million yuan over last year, a year-on-year increase of about 73.59%.

In addition, in 2023, the Company sold part of the shares of Tuojing Technology Co., Ltd., resulting in an after-tax net gain of approximately RMB406 million, while the Company did not have such equity disposal gain in 2024.

According to the data, the company's weighted average return on equity in 2024 will be 8.7%, down 2.02 percentage points from the same period last year.

Proofreading: Shen Nan

Indicator Annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.