Company Profile · Technology

Advanced Micro Fabrication Inc

688012 · Shanghai
Industry
AI Semiconductor Equipment
Exchange
Shanghai
Country
China
Employees
2,963
Website
www.amec-inc.com
Current Price
¥360
Live · Jun 18, 2026
Fair Buy
≤ ¥150
Margin-of-safety entry
Baillie Growth Score
48/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥360 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥25–¥90 / fair ¥130–¥210 / optimistic ¥240–¥300. At ¥360, Above the optimistic ceiling · future growth overdrawn.

At publication ¥265.47 (Jun 9, 2026)

Research on this stock
Advanced Micro-Fabrication Equipment Inc. China
688012 · Shanghai
Watch
AMEC (688012): China's Domestic Etch Equipment Leader, a Great Company at a Rich Price

AMEC is a leading Chinese high-end semiconductor equipment company, anchored in plasma etch tools and expanding into thin-film deposition, MOCVD, and adjacent platforms. Its long-term case is driven by domestic substitution and advanced-node upgrades, with 2025 revenue of about RMB 12.385 billion and net profit attributable to shareholders of about RMB 2.111 billion, but customer concentration is high and R&D spending is roughly 30% of revenue. Report Rating Watch: a valuable business whose current price already discounts a large share of future success.

AI Semiconductor Equipment Baillie 48 Jun 9, 2026
About the company

Advanced Micro-Fabrication Equipment Inc. China engages in the research and development, manufacture, and sale of high-end semiconductor equipment and related semiconductor equipment in China, Taiwan, and internationally. The company offers etch products, including Primo D-RIE, Primo AD-RIE, Primo SSC AD-RIE, Primo iDEA, Primo HD-RIE, Primo TSV, Primo Nanova, Primo Twin-Star, and Primo UD-RIE; and MOCVD products, such as Prismo D-BLUE, Prismo A7, Prismo HiT3, and Prismo UniMax. It also provides Preforma Uniflex CW system, a CVD metal-tungsten deposition equipment; and Volatile Organic Compounds (VOC) air purifier for industrial use. Advanced Micro-Fabrication Equipment Inc. China was founded in 2004 and is headquartered in Shanghai, the People's Republic of China.

Financial snapshot
Market capCN¥337.31B
Revenue (TTM)CN¥13.13B
EBITDACN¥1.73B
Profit margin20.79%
ROE12.03%
P/E (TTM)124.14
Forward P/E60.98
EPSCN¥2.90
Dividend yield0.07%
52-week rangeCN¥170.60 – CN¥533.33

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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