Silicon is one of Taiwan's first-line RF test plants. The company currently has 10% of its business project package and 90% of the test. After it was formally merged into a 51.88% stake in Taixing in October last year, it is expected that the packaging revenue will increase to 20%. Above. The original customers of Silicon Grid include MediaTek, Sicheng, Licensing, and Raychem, etc. After the merger with Taixing Branch, Jiangsu Changjiang Electronics and overseas semiconductor giants were added.
The company’s combined revenue in May was 883 million yuan, a monthly increase of 7.5%, an increase of 78% year-on-year, a record high. The accumulated revenue in May 2018 was 3.912 billion yuan, up 62% from the same period last year. The company stated that Demand for mobile applications processors and power management chips is booming, including wireless routers and other Netcom chips. The strong market demand for blockchain application chips and niche-type memory chips continues to drive revenue.
The company stated that Taixing Branch benefited from this year's Jiangsu Changdian Power through its subsidiary Xingke Jinpeng to increase its orders for Taixing Branch. In May, its revenue reached a record high of RMB 311 million, an increase of 95.23% year-on-year. In May, it was 1.288 billion yuan, an increase of 30.88% year-on-year. According to a legal person analysis, the current mobile utilization rate of the Taiwanese satellites has been fully loaded, making the revenue growth strong. In addition, new customers are introduced due to the combined benefits, so that the mobile productivity of the silicon grid gauges is also improved. Near full load.
Second, the third quarter is the peak season for the electronics industry. Legal entities believe that June revenues are still optimistic. The second quarter revenue is expected to increase by 10% during the quarter. The outlook for the third quarter is not weak. The operating performance is expected to grow quarter by quarter. It further stated that investment in silicon grid layouts for self-driving cars, electric vehicles, and AI artificial intelligence chips has gradually taken effect in recent years, and new customers have recently been introduced, which is expected to contribute to future revenue.
However, it is worth noting that the average gross profit margin of Taixing Branch in the past two years was about 15-16%, which is lower than the average of about 27-28% of the silicon grid. After the merger of the two companies, Taixing Branch accounted for about 30% of the total revenue. Interest rates will have an impact. Fortunately, due to the increase in the utilization rate of both parties and the proper cost control, the gross profit margin for the first quarter of the Silicon Valley will be maintained at 26.79%. The legal person expects the gross margin of this year to maintain 26-27%.