What is Naura Technology Group Co.,Ltd.'s full-year performance outlook? As of January 8, 2026, according to Choyang Eternal Data's quarterly performance forecast data, the consensus forecast for the company's full-year operating revenue is 46.793 billion to 52.020 billion yuan; the consensus forecast for the company's full-year net profit is 7.752 billion to 10.791 billion yuan. Attention is focused on whether subsequent financial report disclosures will exceed expectations, and Choyang Eternal's A-share quarterly performance forecast data will provide investors with performance verification.
Northeast Securities' latest sell-side view posits that Naura exhibited robust revenue growth and net profit improvement in 2025, with its employee stock ownership plan totaling 14.35 million yuan. The company's revenue and net profit for the first three quarters increased by 32.97% and 14.83% year-on-year, respectively. Although the net profit growth rate lagged behind revenue growth, this was primarily due to a significant increase in R&D expenses. The company has made notable progress in the semiconductor equipment sector, particularly in etching and thin-film deposition equipment, and is gradually achieving comprehensive coverage of the semiconductor equipment process flow through an external expansion and M&A strategy.
Within the broader semiconductor field, the company has seen enhancements in lithium battery and photovoltaic equipment, while its precision components business has also achieved an expansion of its product lines. The upward revision of global semiconductor equipment spending expectations presents a favorable tailwind for the company. It is anticipated that the company's net profit attributable to shareholders will sustain growth from 2025 to 2027.
Breaking down by business segment: 1) Etching Equipment and Thin-Film Deposition Equipment: Naura is actively expanding in the dry etching market with Capacitively Coupled Plasma (CCP) and high-aspect-ratio etching equipment; revenue from thin-film deposition equipment exceeded 6.5 billion yuan, with over 1,000 Physical Vapor Deposition (PVD) units delivered, and the launch of a 12-inch advanced low-pressure chemical vapor deposition vertical furnace for silicon. 2) Track Market: By acquiring a controlling stake in Kingsemi, the company has entered the track (coating/developing) market, and, combined with cleaning and heat treatment equipment, is progressively building full-process semiconductor equipment coverage. 3) Broader Semiconductor Field: Lithium battery composite current collector equipment improves product energy density by 5%, and its LPCVD equipment is compatible with TOPCon production lines for photovoltaics. 4) Precision Components Business: It has developed analog signal chain products covering over 300 models, and possesses products such as FLASH and DDR in the digital storage category.
Soochow Securities believes that as a leading domestic semiconductor equipment manufacturer, Naura continues to benefit from equipment localization and product line extension. The company demonstrates strong market competitiveness and growth potential across various segments, including etching equipment, thin-film deposition equipment, track equipment, heat treatment equipment, and cleaning equipment. The forecasted net profit attributable to shareholders for 2025-2027 is 5.843 billion, 7.752 billion, and 10.234 billion yuan, respectively, representing year-on-year growth of 4%, 33%, and 32%. (Note: This content is AI-generated by Choyang Eternal, and the related profit forecast data are sourced from the Choyang Eternal profit forecast database.)
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