Well, There goes the last group of naive liberals who still had some faith on the US and want to keep being relying on US tools like normal. Is absolutely incredible how think tank stooges rhetoric and US politicians actions have killed the reputation of probably their best ally inside China: The Liberals.
In other news both Piotech and AMEC reported double digit growth
Topjing Technology achieved double-digit growth in both revenue and profit in 2025, and returned to profitability in the first quarter of 2026.
Recently, Topway Technology, a semiconductor equipment company listed on the Science and Technology Innovation Board, released its 2025 annual report and 2026 first-quarter report. The report shows that the company achieved significant growth in both revenue and profit throughout the year, and successfully turned a profit in the first quarter of 2026, demonstrating strong growth momentum.
According to the announcement, in 2025, Tuojing Technology achieved operating revenue of 6.519 billion yuan, a year-on-year increase of 58.87%; net profit attributable to shareholders of the listed company was 927 million yuan, a year-on-year increase of 34.67%. In the first quarter of 2026, the company continued its high growth momentum, achieving operating revenue of 1.112 billion yuan, a year-on-year increase of 56.97%; net profit attributable to shareholders of the listed company was 571 million yuan, compared with a loss of 147 million yuan in the same period of the previous year, successfully turning a loss into a profit.
In its announcement, Topwin Technology stated that the significant increase in revenue was mainly due to the batch verification of equipment used in advanced process technologies by customers, leading to a further expansion of mass production scale and a substantial increase in sales revenue. In addition, the expansion of revenue, improved gross margin, decreased expense ratio, and increased gains or losses from changes in the fair value of external investments all contributed to the excellent profit performance.
Publicly available information shows that Topview Technology is a leading domestic supplier of high-end semiconductor equipment, specializing in the R&D, production, and sales of thin-film deposition equipment and advanced packaging equipment. It is the only company in China to have achieved mass production of high-end equipment such as PECVD and ALD. Its products are widely used in the manufacturing of 14nm logic chips and 128-layer 3D NAND.
Advanced Micro Devices (AMEC) reported outstanding first-quarter results, with net profit nearly doubling.
On the evening of April 27, AMEC released its financial report for the first quarter of 2026. The report shows that on the basis of high growth in 2025, the company had a strong start to 2026, with both operating revenue and net profit achieving significant growth in the first quarter, of which net profit attributable to the parent company surged by nearly two times year-on-year.
According to disclosures, in the first quarter of 2026, AMEC achieved operating revenue of RMB 2.915 billion, a 34.13% increase compared to RMB 2.173 billion in the same period of the previous year. Net profit attributable to shareholders of the listed company was RMB 930 million, a staggering 197.20% increase compared to RMB 313 million in the same period of the previous year. Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 478 million, a year-on-year increase of 60.09%.
AMEC stated that the revenue growth in the first quarter was mainly due to a significant increase in new shipments of high-end products, especially for key etching processes in the manufacturing of advanced logic and memory devices. Mass production has been achieved for key mid-segment etching processes in advanced logic devices and ultra-high aspect ratio etching processes in advanced memory devices. Several conductor and dielectric thin-film equipment developed by the company, such as LPCVD and ALD, have successfully entered the market, with the coverage of thin-film equipment continuously increasing, new shipments maintaining rapid growth, and they are being continuously applied to iterative products by customers.
As of the end of the first quarter, AMEC had more than 8,300 reaction stations in full-scale production on more than 180 customer chip and LED production lines at home and abroad.
