Shengmei Shanghai (688082.SH): Revenue for the first three quarters was 5.742 billion yuan. The total amount of orders in hand increased 88.20% year over year, and new orders surged 147% year over year

On October 29, Shengmei Semiconductor Equipment (Shanghai) Co., Ltd. (hereinafter referred to as “Shengmei Shanghai”) released its 2026 three-quarter report. In the first three quarters of 2026, we achieved operating income of 5.742 billion yuan, an increase of 11.57% over the previous year. Net profit attributable to shareholders of listed companies and net profit after deducting non-recurring profit and loss were 1,070 million yuan and 875 million yuan, respectively. Among them, the company achieved revenue of 2,024 billion yuan in a single quarter in the third quarter.

In terms of orders and shipments, the company's growth on the order side was particularly prominent. According to the company's voluntary disclosure of in-hand order information on October 1, as of September 29, 2026, the total amount of orders in hand was 17.073 billion yuan, an increase of 88.20% over the amount of orders voluntarily disclosed in the same period last year. Furthermore, the latest news shows that compared with the first three quarters of 2025, the company's new orders in the first three quarters of 2026 surged 147% year-on-year. It is worth noting that according to Shengmei Shanghai's external information, from January to September 2026, the company's shipment amount reached 5.961 billion yuan, an increase of 34.24% over the previous year. In the current context of the continued rise in the global semiconductor equipment industry and the acceleration of localized equipment procurement by Chinese fabs, the steady order and shipment situation provided strong support for the steady growth of Shengmei Shanghai's subsequent business performance.

In terms of market position, according to Gartner statistics, the company's global market share in the semiconductor cleaning equipment field reached 8.3%, ranking fourth in the world, ranking first among local equipment companies. Since its establishment, the company has adhered to differentiated international competition and original innovation strategies, and has formed eight major product segments: cleaning, electroplating, wafer-level advanced packaging, vertical furnace tube, gluing, PECVD, panel-level advanced packaging and stress-free polishing, which can cover a market of about 20 billion US dollars, making it one of the few semiconductor equipment suppliers with certain international competitiveness in mainland China.

Recently, the company has made key advances in a variety of core equipment and technologies. On October 29, the company's first mass-produced 310mm×310mm panel-level horizontal electroplating equipment successfully launched to customers in the Asian market outside of mainland China, marking the next step in platformization and customer globalization strategies; on October 22, the company announced the iterative development of single-chip high-temperature SPM equipment to achieve 70% sulfuric acid recovery while maintaining a strict level of particle control, and has passed more than 50 process layers of verification.

Overall, Shengmei Shanghai's order trends confirm each other with the industry trend of increasing demand for global semiconductor equipment and speeding up equipment localization. As on-hand orders are delivered and verified and converted into revenue, the company is expected to continue to consolidate its market position in the upward cycle of the industry through differentiated innovation and multi-category collaborative layout.