MediaTek said that the second quarter consolidated revenue was 60.481 billion yuan, an increase of 21.8% over the previous quarter, an increase of 4.1% over the same period of last year. The main reason for the increase in revenue compared with the previous quarter was the increase in new smartphone products. The main reason for the increase over the same period last year was Sales of smartphones and some consumer electronics products increased; operating gross profit was 23.113 billion yuan, up 21.1% from the previous quarter, up 13.7% from the same period of last year; gross profit margin was 38.2%, down 0.2 percentage points from the previous quarter, compared with the same period last year. 3.2 percentage points; the main reason for the change in gross profit margin compared with the previous period and the same period of last year was the impact of product mix change. The net profit after tax was 7.498 billion yuan, an increase of 181.9% from the previous quarter, an increase of 239.3% over the same period of last year; the net interest rate was 12.4%, higher than 5.4% in the previous quarter and 3.8% in the same period last year.
Cai Lixing said that at the beginning of this year, the market originally expected global mobile phone shipments to increase by 4%-5% this year, but it seems that it should not grow at present, and some of the company's customers are looking conservative. Therefore, this year's company is expected to add mobile phones this year. Tablet chip shipments are expected to decline compared to last year, but due to the increase in embedded value, smartphone revenue can still grow slightly compared with last year, but the overall revenue of MediaTek this year is expected to decline slightly from last year, lower than originally expected. Growth.
Therefore, due to the recent conservative demand in the smartphone market and the high base period of growth and maturity products, MediaTek expects consolidated revenue in the third quarter will range from 62.3 billion yuan to 67.1 billion yuan, up 3%-11% in the quarter. Single-season combined gross profit margin is about 38.2% up and down 1.5 percentage points; smartphone and tablet chip shipments are estimated to be 100 million to 110 million sets, which is the same as the second quarter shipments.
Cai Lixing said that the company will continue to improve its structural profitability. In addition, it also includes mobile platforms, smart deep, automotive and ASIC (customized chips), and continues to pursue diversified and balanced growth. He stressed that this year's smartphone segment MediaTek will maintain its market share strategy. It is expected that shipment momentum will continue to improve in the fourth quarter, and overall revenue will be better than the third quarter. As for the current China mainland mobile phone factory inventory, it has reached a healthy level.