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AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

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-- Advanced Micro-Fabrication Equipment China or AMEC (SHA:688012) reported a 197% jump in net profit for the first quarter of 2026 to 930.5 million yuan from 313.1 million yuan a year earlier.

Earnings per share nearly tripled to 1.47 yuan from 0.50 yuan, according to a Shanghai Stock Exchange filing on Tuesday.

The Chinese chip gear maker posted a 34% increase in revenue to 2.91 billion yuan from 2.17 billion yuan.

AMEC attributed its performance to the development of the semiconductor equipment market.

The company said it witnessed a significant increase in new shipments of high-end products targeting key etching processes in advanced logic and memory device manufacturing during the quarter.

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