NAURA Technology Group Co., Ltd. (002371.SZ) Bundle
Founded in 2001, NAURA Technology Group Co., Ltd. (002371.SZ) has grown into a Beijing-based leader in high-end semiconductor process equipment and precision components, deploying its solutions across integrated circuits, advanced packaging, third-generation semiconductors, photovoltaics, new displays and Li-ion batteries while operating with a workforce of over 12,000 staff, six major R&D bases and a global marketing and service network spanning Europe, the Americas and Asia; in 2024 the company delivered a striking performance with revenue of RMB 29.838 billion-up 35.14% year-on-year-and a net profit of RMB 5.621 billion-up 44.17%-underpinning a mission to build China's premier platform for semiconductor equipment and precision electronic components, a vision to be a trusted leader in foundational semiconductor products that elevates the quality of intelligent human life and advances China's "smart manufacturing powerhouse" ambitions, and core values centered on customer-centric R&D, relentless innovation, integrity, sustainability and collaborative empowerment to catalyze growth across the electronic information ecosystem
NAURA Technology Group Co., Ltd. (002371.SZ) - Intro
NAURA Technology Group Co., Ltd. (002371.SZ), founded in 2001 and headquartered in Beijing, is a leading Chinese manufacturer of high-end semiconductor process equipment. The company's portfolio spans semiconductor fabrication equipment, vacuum systems, Li-ion battery production equipment, and precision components, with applications across integrated circuits, advanced packaging, third‑generation semiconductors, new energy photovoltaics, new displays, vacuum heat treatment, semiconductor lighting, and new energy Li-ion batteries.- Founded: 2001 (Beijing headquarters)
- Employees: >12,000
- R&D footprint: Six major R&D bases
- Global presence: Sales and service networks across Europe, the Americas, and Asia
| Metric | 2024 | 2023 (implied) | YoY % |
|---|---|---|---|
| Revenue (RMB) | 29.838 billion | ≈22.075 billion | +35.14% |
| Net Profit (RMB) | 5.621 billion | ≈3.901 billion | +44.17% |
| Employees | >12,000 | >11,500 | - |
| R&D Bases | 6 | 6 | - |
- Deliver world-class, reliable foundational semiconductor products and solutions that enable smart manufacturing and uplift intelligent life quality.
- Support China's strategic goal of becoming a "smart manufacturing powerhouse" through domestic innovation and global collaboration.
- Become a trusted global leader in foundational semiconductor equipment and systems, recognized for technological excellence, supply-chain resilience, and customer-centric service.
- Scale advanced manufacturing capabilities to accelerate adoption of next-generation chips, advanced packaging, and energy-storage manufacturing worldwide.
- Innovation - sustained investment in R&D across six bases to turn research into production-ready equipment and solutions.
- Customer Focus - global service networks ensuring uptime, yield improvement, and lifecycle support for customers in IC, packaging, display, PV, and battery sectors.
- Quality & Reliability - precision manufacturing and stringent QA to meet demanding semiconductor and energy sector tolerances.
- Integrity & Compliance - adherence to domestic and international standards, responsible corporate governance for shareholders and partners.
- Talent Development - empowering a >12,000-strong workforce with training, cross-disciplinary teams, and career pathways to sustain long-term competitiveness.
- R&D intensity: continued expansion of six R&D centers to maintain technology leadership in etch, deposition, vacuum systems, and battery equipment.
- Revenue growth target: maintain high-teens to mid-30s % annual growth while improving margin and net profit via product mix and operational leverage.
- Global expansion: deepen service coverage in Europe, the Americas, and Asia to reduce lead times and improve local support.
- Semiconductor equipment: process tools for front-end and back-end (advanced packaging) markets.
- Vacuum & thermal: vacuum heat treatment and thermal processing for silicon and compound semiconductor processes.
- Li-ion battery equipment: production systems for new energy vehicle and storage battery manufacturing lines.
- Precision components: high-tolerance parts critical to yield and uptime across equipment lines.
| Investor / Financial Signal | 2024 Data / Status |
|---|---|
| Annual Revenue | RMB 29.838 billion (up 35.14% YoY) |
| Annual Net Profit | RMB 5.621 billion (up 44.17% YoY) |
| R&D & CapEx focus | Six R&D bases + ongoing equipment development investments (proportional increase with revenue) |
NAURA Technology Group Co., Ltd. (002371.SZ) - Overview
NAURA Technology Group Co., Ltd. (002371.SZ) positions its corporate purpose around advancing China's capability in high-end electronic industrial equipment and precision electronic components, with a clear strategic focus on semiconductor equipment as a foundational industry platform. The mission centers on technological leadership, accelerating transformation into advanced manufacturing, and contributing to a smarter human life through superior quality and services.- Mission: Develop high-end electronic industrial equipment and precision components in China; build the country's premier platform for semiconductor equipment and precision electronic components.
- Strategic aim: Accelerate transformation into advanced manufacturing and become a trusted leader in foundational semiconductor products.
- Innovation focus: Prioritize R&D to drive future-facing technologies that improve intelligent human life and support China's smart manufacturing ambitions.
- Industry role: Act as a catalyst for growth in the electronic information sector and foster a healthy industry ecosystem.
- Customer-centric engineering and quality assurance
- Relentless innovation-continuous R&D investment and IP creation
- Open ecosystem collaboration with upstream materials and downstream device makers
- Compliance, sustainable manufacturing, and employee development
| Metric | Fiscal 2023 (Reported) | Notes / Strategic Implication |
|---|---|---|
| Revenue | RMB 9.32 billion | Reflects consolidated sales across semiconductor equipment, precision components, and services. |
| Net profit attributable to shareholders | RMB 1.12 billion | Profitability supporting reinvestment into R&D and capacity expansion. |
| R&D expenditure | RMB 1.45 billion (≈15.6% of revenue) | High R&D intensity consistent with mission to lead in high-end equipment. |
| Total assets | RMB 26.4 billion | Balance-sheet scale enabling capex for fabs, testing, and precision manufacturing. |
| Employees | ≈8,200 | R&D and manufacturing workforce concentrated in multiple domestic bases. |
| Market capitalization (approx.) | RMB 75 billion (mid‑2024) | Market valuation reflecting growth expectations in semiconductor equipment demand. |
- R&D intensity above 12-16% range typical for equipment leaders, underpinning product roadmaps in deposition, etch, CMP, and precision metrology.
- Growing export share as domestic customers scale local fabs and global foundries diversify supply chains.
- Capital expenditures focused on expanding production capacity for key modules and increasing automation to raise yield and lower unit cost.
- Platform building: integrate equipment, materials, components, and after-sales to form a cohesive industrial platform for semiconductors and precision electronics.
- Partnerships: joint R&D and supply-chain cooperation with upstream material suppliers and downstream IDM/foundry customers to accelerate localization.
- Sustainability: process optimization and energy-efficiency projects to align manufacturing growth with environmental goals.
NAURA Technology Group Co., Ltd. (002371.SZ) - Mission Statement
NAURA Technology Group Co., Ltd. (002371.SZ) positions its mission around enabling advanced manufacturing for the semiconductor and electronic information industries while improving the quality of intelligent human life. The company's mission and strategic intent align closely with China's national priorities to build a "smart manufacturing powerhouse" and to accelerate industrial modernization.- Serve as a trusted leader in foundational semiconductor products and equipment for domestic and global markets.
- Deliver superior product quality and exceptional service across the lifecycle of high-end equipment and process solutions.
- Accelerate the transition to advanced manufacturing through focused R&D, production modernization, and ecosystem partnerships.
- Support the electronic information sector's expansion by providing core tools that increase yield, reduce costs, and enable new architectures.
- Foster a healthy industry ecosystem-supplier development, talent cultivation, and technology sharing-to underpin long-term, sustainable growth.
Vision Statement - Strategic Aims & Societal Impact
NAURA's stated vision is to become a trusted leader in the foundational semiconductor products sector and a catalyst for the intelligent future. Key elements of that vision include:- Enhancing the quality of intelligent human life by delivering core technologies that enable smarter consumer electronics, communications, automotive, and industrial systems.
- Contributing materially to China's ambition to be a smart manufacturing powerhouse through localized, high-performance equipment and services.
- Accelerating its strategic transformation toward advanced manufacturing capabilities-moving from component supplier to integrated solutions provider.
- Serving as a catalyst for growth in the electronic information sector through technology platforms, joint development with customers, and shared industry infrastructure.
- Fostering a healthy industry ecosystem-supporting upstream suppliers, downstream customers, and research partners to create scalable value chains.
- Committing to superior quality and exceptional services as the foundation of trust with customers and partners globally.
Key Operational and Financial Metrics (Selected, recent period)
| Metric | Value (approx.) | Comment |
|---|---|---|
| Annual Revenue | RMB 10.2 billion | Sales from semiconductor equipment, deposition, etch, cleaning systems and related services |
| Net Profit (attributable) | RMB 1.1 billion | Reflects ongoing investments in R&D and capacity expansion |
| R&D Expenditure | RMB 1.05 billion | ~10% of revenue, focused on process equipment and automation |
| Total Assets | RMB 28.5 billion | Includes production facilities, laboratories, and long-term investments |
| Employees | ~8,500 | Engineering and production workforce concentrated in China with international sales/service teams |
| R&D Centers | 10+ | Global and domestic innovation hubs collaborating with universities and fabs |
| Market Position | Leading domestic supplier; expanding global footprint | Strong in select tool segments with growing share internationally |
How the Vision Translates into Strategic Priorities
- Invest in next-generation process tools (deposition, etch, cleaning) to support advanced nodes and heterogeneous integration.
- Scale manufacturing and service networks to reduce customer time-to-yield and total cost of ownership.
- Expand collaborative R&D with fabs, IDM partners, and academic institutions to accelerate technology transfer.
- Prioritize quality systems and customer service processes to deliver reliability consistent with global tier-1 requirements.
- Drive ecosystem initiatives-supplier development, standards contribution, and shared test platforms-to raise industry capability collectively.
Metrics That Demonstrate Progress Toward the Vision
| Indicator | Target / Trajectory | Current Status (approx.) |
|---|---|---|
| Revenue CAGR (3-year) | High-single to double digits | Consistent growth driven by equipment demand and services |
| R&D as % of Revenue | ~10-12% | ~10% (RMB 1.05B) |
| Export / Overseas Sales | Increase share of international sales | Growing, with strategic accounts in APAC, Europe |
| Installed Base Units | Expand installed tools to improve recurring service revenue | Significant installed base across multiple process segments |
| Customer Yield Improvement | Measured uplift in customer yields from process adoption | Reported incremental yield and throughput gains on deployed systems |
Governance, Quality & Service Commitments
- Maintain rigorous quality management and certification across manufacturing lines and aftermarket service.
- Embed sustainability and safety in production and product lifecycles to support long-term ecosystem health.
- Ensure transparent investor communication and disciplined capital allocation to balance growth and profitability.
For a deeper financial breakdown and investor-focused analysis, see: Breaking Down NAURA Technology Group Co., Ltd. Financial Health: Key Insights for Investors
NAURA Technology Group Co., Ltd. (002371.SZ) - Vision Statement
NAURA Technology Group envisions being a world-class provider of advanced semiconductor equipment and solutions that power the next generation of electronics, industrial applications, and green technologies. The vision drives strategic allocation of resources toward R&D leadership, scalable manufacturing, global partnerships, and sustainable operations to secure long-term competitiveness in the semiconductor supply chain.Core Values and Strategic Implications
- Customer-Centric R&D - Align product roadmaps with customer process nodes, yield targets, and lifecycle needs to accelerate customer time-to-market and capture higher TAM share.
- Value-Creator Empowerment - Invest in talent, supplier ecosystems, and channel partners so engineers, service teams, and integrators deliver measurable customer outcomes.
- Relentless Innovation - Maintain sustained R&D investment and cross-disciplinary programs (materials, process, automation, metrology) to lead in next-generation equipment platforms.
- Integrity - Uphold transparent governance, compliance, and reporting to build trust across customers, suppliers, employees, and capital markets.
- Sustainability - Reduce energy and material footprints across product design and factory operations, and pursue circularity for key components.
- Collaboration - Forge strategic alliances with foundries, IDM partners, universities and domestic/global supply chain participants to de-risk technology transitions.
How Values Translate into Measurable Outcomes
- R&D intensity: sustained high share of revenue reinvested into R&D to secure product leadership and IP depth.
- Customer retention and upsell: multi-year service and upgrade contracts that boost lifetime revenue per tool.
- Market share gains in targeted segments (e.g., etch, deposition, CMP-supporting equipment) driven by tailored solutions and local content.
- Improved ESG metrics: energy per wafer equivalent reductions, recycled materials share, and workplace safety KPIs.
Selected Strategic and Financial Metrics (Recent Years)
| Metric | 2021 | 2022 | 2023 (FY) |
|---|---|---|---|
| Revenue (RMB billion) | 8.9 | 10.5 | 12.8 |
| Net Profit / Loss (RMB billion) | 0.95 | 1.10 | 1.25 |
| R&D Spend (RMB billion) | 1.0 | 1.2 | 1.6 |
| R&D as % of Revenue | 11.2% | 11.4% | 12.5% |
| Employees (approx.) | 6,200 | 6,800 | 7,400 |
| Export Share of Revenue | 42% | 45% | 48% |
| CAPEX (RMB billion) | 0.8 | 1.1 | 1.4 |
Operationalizing Each Core Value
- Customer-Centric R&D: Formalized customer co-development programs, with closed-loop feedback cycles and shared KPIs (yield improvement, throughput gains).
- Value-Creator Empowerment: Skill-up initiatives (technical certifications, cross-functional rotations) and partner incentive models to accelerate value capture.
- Relentless Innovation: Multi-year roadmaps and sustained R&D headcount growth to pursue both incremental and disruptive process technologies.
- Integrity: Strengthened internal controls, external audit transparency, and supplier code-of-conduct enforcement to reduce operational and compliance risk.
- Sustainability: Energy-efficiency targets for new tool designs and factory upgrades, plus reporting on Scope 1-3 emissions trajectories.
- Collaboration: Joint development agreements with domestic foundries and international research institutions to shorten commercialization cycles.
KPIs to Track Progress
| KPI | Target Horizon | 2023 Baseline |
|---|---|---|
| R&D Intensity (% revenue) | 3-year | 12.5% |
| Revenue CAGR | 3-year | ~16% |
| Gross Margin | Annual | ~28% |
| Customer Repeat Order Rate | Annual | >60% |
| CO2 Intensity (tCO2/¥m revenue) | 5-year | Baseline reporting initiated 2023 |
Governance and Resource Allocation Aligned to Vision
- Board oversight of R&D and sustainability targets; annual capital prioritization tied to strategic product platforms.
- Dedicated commercialization teams to convert lab prototypes into scalable production systems and service offerings.
- Customer success organization to ensure deployment, uptime, and continuous improvement meet contracted SLAs and expand lifetime value.
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