In the first quarter revenue and product proportion of Holtek's Holtek Holtek Group, the MCU accounted for approximately 74% of revenue, with the rest being peripheral ICs for electronic products, mainly MCU solutions, and a more stable product line. MCU Season 1 Revenue increased by 3% year-on-year in the same period last year, mainly due to the 32-bit shipment volume increase, which led ASP upwards.
According to the proportion of end-use products and revenue, Holtek's home appliance-related revenue accounted for 40% in the first quarter, 18% for industrial control, 10% for health care, 7% for computer equipment, and 7% for security. , Toys and Education 2%, Internet Banking 2%, Others 14%. Among the industries that have grown significantly are industrial controls, which grew by 3% compared to the same period last year, mainly due to the benefits of wireless charging, fast charging and motor control. Prosperous.
According to the shipment volume, Holtek statistics showed that the total shipments of MCUs in the first quarter were 144 million, which was 2% higher than last year. Among them, Flash MCUs accounted for 64% of the total MCU shipments, with shipments of about 92 million. Year-on-year increase of 15%; 32-bit MCUs, shipped 5.94 million units, an increase of over 30% year-on-year; shipments of touch MCUs were 29 million units, an increase of 3% year-on-year.
Sheng Qun said that in the first quarter revenue, MCU growth was 3% higher than last year, and the demand for e-cigarettes, home appliances, and e-sports was booming, mainly concentrated in 32-bit MCUs.
In addition, Holtek wirelessly charged 900,000 units last year. It was announced at the beginning of the year that it will reach 20 million units this year. According to external wireless charging conditions, Holtek said that it will ship 3 million units in the first quarter, and it will grow 2 times in the second quarter. The above will continue to increase in the second half of the year. It is more optimistic that the landline mobile phone will be equipped with a wireless charging function after the launch of new products in the second half of this year. The demand for wireless charging will then be increased. In addition, besides the mobile phone charging board, it is also optimistic about the bottom of the table lamp. Or in other vehicles, there will be a wireless charging function, currently all dominate the Chinese mainland market.
It is understood that the maximum number of 5 watts is currently 10 watts and 15 watts are still under certification.
With regard to the outside world's curiosity about the effects of international MCU makers withdrawing from the home appliance market, and the threat of threatening the mainland supply chain, Sheng Qun said that at the beginning of this year, many 8-bit orders were seen, but by the turn of the Lunar New Year, there was a demand. Slowing down, but after seeing the influx of demand after March, Holtek has more ASSP services than its peers. It can develop customized products together with customers and pack resistors and capacitors into the IC. Customers can use the smallest area. Achieve maximum efficiency.
According to Gao Guodong, general manager of the MCU market, MCUs have been growing for the past 10 years, mainly because of the increase in the number of applications, and the market size has also increased. Therefore, Holtek wants to eat this pie in addition to standard products, but also rely on ASSP customers. System service, and cut in with a variety of products.
In addition, 70% of Holtek's products are concentrated in the Chinese mainland market, and Holtek has also actively penetrated into other regions, such as the establishment of a subsidiary in India recently. Holtek said that it had previously been contacted by local distributors and now it has established strongholds. Ways to do this, copy past business models on the mainland, explore new markets, but the percentage is still small, and in the long term we will see contributions in succession.
It is worth noting that under the trend of appreciation of the Taiwan dollar, most electronics manufacturers are burdened by foreign exchange losses. However, Holtek is quoting RMB for 70% of orders, benefiting from the appreciation of the renminbi, but is not affected by the high exchange rate of the Taiwan dollar against the US dollar. There were exchange benefits in the first quarter, which also increased gross margins.
In spite of the obvious effect of the transfer of single companies from international companies, Sheng Qun’s revenue response was not as expected. Even compared to the industry’s apparent weakness, Sheng Qun’s first quarter revenue was RMB 1.86 billion, which was about the same as that of the same period last year. The interest rate increased by 48.9% driven by RMB appreciation and 32-bit products, which was a significant increase from 45.8% in the same period of last year. Therefore, EPS was 1 yuan, which was a small increase from 0.82 yuan last year.
Looking forward to the second quarter, Holtek expects that customers will begin shipping touch MCUs, and consumer products are traditional peak season, including wireless charging, small appliances, mobile power, electronic cigarettes, blood glucose meters, despite the 32-bit Most of the stocks in the first quarter pulled out and became weak. However, driven by other products, they should be able to increase the number of single-digit annual sales, double-digit quarterly results, but if the renminbi's increase is slow, the gross profit margin will be higher. If the first quarter of the year is stable, or if it declines slightly, if there are no foreign exchange supplements outside of the industry, profit may first stabilize the first quarter or slightly increase.
For the whole year, the legal person estimates that although MCU has some effect of converting to a single plant, it also faces the same industry competition and the rise of the mainland MCU factory. Therefore, the operation of Holtek is still tested, but it is also in the overall Driven by the strong market demand for MCUs, Sheng Qun's revenue should grow by a single digit last year.