Brief Introduction

Founded in 2004, Advanced Micro-Fabrication Equipment Inc. China (AMEC, stock code: 688012) is a leading global micro-fabrication equipment company serving customers in the semiconductor industry and adjacent high-tech sectors.

We provide state-of-the-art manufacturing equipment and process solutions to technology leaders in Mainland China and Taiwan, Singapore, Korea, Japan, Germany, Italy and Russia. Our products are used in front-end semiconductor manufacturing and back-end wafer-level packaging applications, as well as LED production, and other semiconductor fabrication processes.

AMEC's innovative dielectric and TSV etch tools are used by leading chipmakers to volume produce memory and logic IC devices at process nodes as low as 5nm. Our portfolio of multi-generation Primo etch tools includes ICP and CCP etchers for dielectric and other etch applications. Our tools share a common platform and are engineered to enable maximum process flexibility and extendibility. With a compact footprint, they deliver high productivity and high throughput at a low cost of ownership.

AMEC's innovative Prismo MOCVD tools are used in volume production by leading manufacturers of LEDs and power devices. We are the MOCVD market leader in China for GaN LED devices.

In 2018 and 2019, AMEC achieved high rankings in several categories of the Customer Satisfaction Survey (CSS) conducted annually by leading US market research firm, VLSIresearch. The survey lets customers provide anonymous feedback on their overall experience with worldwide suppliers of semiconductor equipment and subsystems In the 2019 survey, AMEC was ranked third in THE BEST Suppliers of Fab Equipment category second in the 10 BEST Focused Suppliers of Chip Making Equipment category and second in THE BEST Suppliers of Fab Equipment to Specialty Chip Makers. In addition, the company was also ranked as a top supplier of deposition equipment, and is one of just semiconductor equipment companies that earned 5 VLSI Star Ratings in the 2019 10 BEST category.

Company Overview

Full name Advanced Micro-Fabrication Equipment Inc. China
Abbreviations AMEC
Code 688012
Founded May 31,2004
Listing Jul 22,2019
Domicile Shanghai,China
STAR Theme New Generation IT
CSRCSector Manufacturing
Has weighted voting rights structure? No



  2018 2017 2016
Earnings Per Share 0.20 Not applicable Not applicable
R&D expenditure as a % of operating revenue 24.65% 34.00% 49.62%
Operating Revenue 1,639,288,330.40 971,920,551.65 609,528,437.83
Net Income 90,836,801.20 29,918,655.24 -238,789,177.86

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 1,639.29 971.92 609.53
Operating Costs 1,492.15 923.04 961.77
Operating Income 147.14 48.88 -352.24
Pretax Income 147.22 49.15 -236.28
Income Tax 56.39 19.24 2.51
Net Income 90.84 29.92 -238.79

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Current Assets-Total 2,856.07 1,763.50 772.70
Non-current Assets-Total 676.61 512.52 305.83
Total Assets 3,532.68 2,276.02 1,078.53
Current Liabilities-Total 1,349.05 1,697.00 1,674.15
Non-current Liabilities-Total 67.26 312.81 275.22
Total Liabilities 1,416.31 2,009.81 1,949.37
Stockholder's Equity
Share Capital 2,779.33 3,560.11 2,454.12
Retained Profits -662.92 -3,293.90 -3,324.96
Minority interests -0.04 - -
Total Owners' Equity 2,116.37 266.21 -870.84

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 261.11 -150.09 -101.60
Net Cash Flows-Investing -603.40 -165.65 -148.62
Net Cash Flows-Financing 730.84 372.78 272.81

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Shanghai Venture Capital Co., Ltd. 96.38 18.02%
Xunxin (Shanghai) Investment Co., Ltd. 93.34 17.45%
Nanchang Zhiwei Enterprise Management Partnership (L.P.) 30.64 5.73%
Zhidu (Shanghai) Investment Center (L.P.) 26.38 4.93%
Advanced Micro-Fabrication Equipment Inc. Asia 24.82 4.64%
Jiaxing Yuecheng Investment Limited Partnership (L.P.) 22.57 4.22%
CDB Innovation Capital Investment Co., Ltd 19.69 3.68%
Primrose Capital Limited 19.60 3.66%
Jiaxing Chuangcheng Investment Limited Partnership (L.P.) 13.18 2.46%
Yiwu Hexie Jinhong Equity Investment Partnership(L.P.) 12.80 2.39%

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