Key Recommendation # Favotech - Core Position in Domestic DUV Superhydrophobic Coating Consumables, Huge Growth Elasticity

English summary

Domestic DUV penetration from 0 to 1 has begun: According to Bloomberg, domestic DUV will deliver 5 units this year and potentially 20 units in volume next year. The company is the exclusive domestic DUV superhydrophobic coating supplier. Coating is a semiconductor consumable; existing equipment requires 3-4 coatings annually. High value and high profitability, with over RMB 10 million revenue in 2025 and from 1 to N in 2026, offering vast growth space. Main business grows steadily: nano-coating products actively penetrate consumer electronics, automotive electronics, computing, industrial, and other applications#