NAURA Technology Group北方华创

About

Sells etch, deposition, oxidation/diffusion, and cleaning equipment plus vacuum and thermal modules into semiconductor, LED, and adjacent electronics manufacturing. Shenzhen-listed (002371) since 2010; grew out of Beijing Sevenstar Electronics. Reported FY2025 revenue of about RMB 39.4B.

Beijing · Founded 2001 · Ticker 002371

Why it matters

No single company can fix China's lithography gap — but most of a fab's tool count is not lithography, it is the deposition, etch, thermal, and cleaning steps NAURA sells. If Chinese fabs are going to cut foreign equipment dependence, NAURA's breadth is the main vehicle: roughly 12,000 employees, a December 2024 U.S. Entity List designation that makes its own supply chain a live constraint, and a 2025 purchase of a 9.49% Kingsemi stake that signals consolidation ambitions across the domestic tool ecosystem.

Where it sits in the stack

Key semiconductor products

• Vacuum, thermal, and process modules that connect semiconductor tools to adjacent electronics and advanced manufacturing markets.
• Tool families relevant to wafer fabrication at mature and progressively more demanding process nodes.
• Etch tools
• PVD tools
• CVD tools
• WET cleaning tools
• Vertical furnaces
• Ion implant
• RTP
• EPI
• Vacuum equipment
• Precision components

Ecosystem

Competitive position

• NAURA is the broad-platform equipment name to track. It will not solve lithography, but it matters across many process steps that every fab needs.
• The comparison set depends on tool category: Applied Materials, Lam Research, Tokyo Electron, Kokusai, ASM, and domestic peers like AMEC and Piotech.
• Broadest China process-equipment platform outside lithography, with strength varying sharply by process step and fab qualification level.
• Critical-layer qualification, imported subcomponents, process recipes, uptime, throughput, and service depth.
• Global comparables: Applied Materials, Lam Research, Tokyo Electron, Kokusai Electric, ASM International, and other specialized process-tool vendors by segment.
• Global comparables: Domestic comparables include AMEC, Piotech, ACM Research, Hwatsing, and other China equipment firms, depending on process step.
• Subcomponents, precision motion/control, RF power, vacuum systems, sensors, process recipes, and long qualification cycles remain constraints.
• The hardest question is not whether a domestic tool exists, but whether it can run critical layers with uptime, uniformity, throughput, and service quality comparable to incumbents.

Recent activity

• 2024-2025—Reported record revenues and bookings through 2025 as Chinese fabs accelerate domestic equipment adoption. [via scmp.com]
• 2024-2025—Climbed the global ranking of top chipmaking-equipment suppliers on the back of localization demand. [via scmp.com]
• Reported—Portfolio organized into three pillars (semiconductor equipment, vacuum equipment, precision components) with expanded subsidiary structure including the microelectronics equipment unit. [via naura.com]

Milestones and signals

• 2001—NAURA Technology Group was founded.
• 2023—Employees: 12,010
• 2026-10-04—Market cap: RMB 447B
• FY2025—Revenue: RMB 39.4B
• FY2025—Net Profit: RMB 5.5B
• Listing—Shenzhen Stock Exchange (SZSE) · 002371 · A-shares

What to watch

• Customer qualification announcements by tool category and process step.
• Revenue mix across etch, deposition, furnace, cleaning, and adjacent equipment.
• Domestic subcomponent localization for vacuum, RF, control, and metrology-related modules.
• Competitive overlap with AMEC, Piotech, ACM Research, and imported tools.