Packaging and testing plant Q1 growth exceeds expectations, Q2 cautiously optimistic

The company’s Fengfeng benefited from the diversified layout of its business and benefits from the expansion of its international customer base. In the first quarter of 2018, its operating revenue was only slightly lower than the fourth quarter of last year. Revenue increased 10.58% year-on-year, and profit gained 4.37% year-on-year. On the other hand, revenue, profit also rewrites the third highest historical record and the fifth highest record.

Chaofeng Board passed the first quarter financial report in 2018, with NT$3.052 billion in revenue (the same below), a decrease of 2.42% quarter-on-quarter, an increase of 10.58% year-on-year, a record high in the same period, and the third highest in history. The gross profit rate was 28.49%, and the profit-earning rate was 24.82%. %, slightly better than 28.44% and 24.32% in the fourth quarter of last year, lower than the 30.08% and 26.22% in the same period of last year.

With revenue and profits largely stable, Chaofeng's after-tax net profit was 625 million yuan in the first quarter, down 3.36% quarter-on-quarter and 4.37% year-on-year.

Chief Executive Officer of Xie Feng Xie Yongda previously believed that this year's semiconductor industry is developing positively, and is optimistic about the development of applications such as 5G, AI, IoT, and high-speed computing. He also stated that Chaofeng Operations has new customers, new manufacturing processes, and new wafer testing services. Kinetics, Flip Chip, 8-inch Bumping and the new WLCSP production capacity are expected to be fully opened in the second half of the year, and will continue to grow.

Chaofeng's 2017 revenue was 11.795 billion yuan, an increase of 13.1% year-on-year, gross profit margin was 28.87%, profit-making rate was 24.96%, net profit after tax was 2.509 billion yuan, and annual growth was 12.1%. In addition to revenue, profit-making double new high, gross margin , Profit-earnings ratio, earnings per share also reached a new high of nearly 10 years.

The profit of silicon Q1 increased by over 30% in the year, and it was higher in April.

Silicone benefited from strong orders from customers, and the benefits of mergers and acquisitions continued to show. The first quarter of 2018, the operating off-season was not waning, and net profit after tax rose by 31.5% year-on-year to 201 million yuan. With the combination of self-employed revenue in April, it achieved 822 million. The number of times high, the company is still cautiously optimistic about the second quarter of operations.

Silicon's consolidated revenue in the first quarter of 2018 was 2.207 billion yuan, which was a decrease of 4.92% in the quarter and still reached a year-on-year increase of 51.39%, which was the highest in the same period, and the second highest in history. Affected by the appreciation of the exchange rate of the Taiwan dollar, the gross margin was 26.79%, and the profit rate was 16.51. %, compared with 27.66% in the fourth quarter of last year, 36.81% fell, still 26.77% and 16.74% of the same period last year.

In the first quarter of 2007, silicon lost a net loss of 57 million yuan, a turnaround from the fourth quarter of last year, and its loss slightly increased from 53 million yuan in the same period of last year. However, under the expansion of revenue, the net profit after owners’ tax was 211 million yuan, although the quarterly decrease 53.12%, still increasing by 31.5% annually.

In the first quarter of the year, Silicon revenue hit a record high. The company said that it mainly includes domestic and international mobile phones of its subsidiary Chengyuan, the investment company Taixing Branch, Netcom and Bitcoin mining machines, and other design customers have strong orders. Looking ahead, the market will be eliminated. After non-market factors such as exchange rate disruption, the second quarter revenue and profit performance are still cautiously optimistic.

With strong demand from domestic and foreign customers' mobile phone radio frequency (RF), China Netcom’s IC, and the continued effectiveness of mergers and acquisitions, the silicon grid in April 2018 combined with revenue of 822 million yuan, a monthly increase of 2.89%, and an annual increase of 80.5%. Rewrite the history of the second highest. Accumulative 1 to April consolidated revenue of 3.029 billion yuan, an annual increase of 58.27%, continued to hit a new high over the same period.

The chairman of the silicon grid, Huang Xingyang, previously stated that the acquisition of the silicon grid by Taiwan Star Branch reinforces the high-end packaging capabilities and makes the orders more competitive. With the merger effect appearing more clearly, it is confident in the revenue and profit growth this year. The industry is optimistic. Silicon's revenue this year is expected to challenge the 10 billion yuan level. Profits also have the opportunity to create a record high.

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