1. Describe Nanofilm’s recent financial performance.
Nanofilm Technologies International (Nanofilm) is a provider of nano technology solutions in Asia, leveraging its proprietary technologies, core competencies in R&D, engineering and production, to provide technology-based solutions across industries such as computer, communications and consumer electronics [3C], automotive, precision engineering, and printing and imaging. Nanofilm offers surface solutions based on vacuum deposition, including using its patented Filtered Cathodic Vacuum Arc (FCVA) technology. The firm is founded by former academic Shi Xu, who is also its executive chairman.

Nanofilm achieved a record set of results for FY2020 with a strong y-o-y revenue growth of 52.8% and high adjusted Ebitda margins of 44.4%.

The group’s advanced materials business unit achieved revenue growth of 66.4% to $182.5 million, mainly attributable to the 3C and automotive sub-segments. The nanofabrication business unit also recorded a 90.3% surge in revenue to $11.3 million,
mainly due to new mass-production projects to produce Fresnel lenses for smartphone applications. The industrial equipment business unit recorded a 10.1% decline in revenue to $24.6 million, as the group remains selective on equipment sales to external clients. The majority of coating equipment manufactured in FY2020 were retained in the group to support the advanced materials business unit.

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