核心观点2024Q4 公司营收、净利润创历史新高,同比分别+27. 99%、+31.51%。分下游看,2024Q4 存储下游需求持续旺盛,逻辑下游需求有所改善;分地区看,Q4 中国大陆营收占比下降至27%,主要系继2023 年以来的囤货性采购结束,中国大陆设备采购回归正常节奏。展望后续,AI 驱动下终端市场产品向HPC 和HBM 转变,带动先进逻辑和DRAM 需求,公司预计2025 全年营收总额...
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