In June 2018, Jingyuan Electric Co., Ltd. combined revenue and revenue of 1.716 billion yuan, a monthly increase of 0.17%, an annual increase of 4.5%, and continued to hit the September high point since September last year, driving the second quarter combined revenue of 5.04 billion yuan. The quarter increased by 10.03%, an annual increase of 4.08%, both of which were second only to the same period in 2016. The combined revenue for the first half of the year was 9.621 billion yuan, an annual decrease of 0.93%, which was also the second highest in the same period.
KYEC benefited from mobile phone, baseband, graphics chip and MEMS, CMOS image sensor, FPGA and other test orders, and revenue growth momentum has gradually strengthened since April. Chairman Li Jingong previously said that due to the use of the test machine in April The rate is better than the first quarter, and the second quarter should be better than the first quarter.
Looking forward to the market outlook, Li Jingong believes that despite the unfavorable factors such as the US-China trade war, semiconductors benefit from mobile devices, high-speed computing (HPC), artificial intelligence (AI), automotive electronics, and Internet of Things (IoT) applications. The organization expects the industry to maintain growth this year. It is still cautiously optimistic about the overall operation of KYEC this year, and is expected to be better than last year.
In response to future orders, KYEC has invested in a cross-strait investment and construction plant this year, spending about 150 million yuan to build Suzhou B plant, and spending about 50,000 to 600 million yuan to build the third factory in Tonglu. The former is expected to be March to April next year. Completion, mass production in the third quarter of next year, the latter is expected to be completed in the first quarter of 2020.