Test foundry and equipment factory Jiuyuan's revenue in November this year was 393 million yuan (NTD, the same below), an annual increase of 25.40 percent , a record high over the same period. The legal person expects that December's revenue will have a chance to maintain a healthy level and drive the entire year's revenue. In one fell swoop, standing on the 5 billion mark.
Looking ahead, the legal person said that the company has signed a one-year long-term contract with some customers for its test foundry business. It is expected to ensure the capacity utilization rate. In addition, the shipment of self-made equipment is expected to increase.
Jiuyuan Electronics is a professional semiconductor cutting, test foundry and equipment sales manufacturer. The company's early operating focus was on the optoelectronic business, but in recent years it has gradually transitioned out and moved towards higher-end automotive and 3D sensors. In terms of product mix, test foundry accounts for about 5-6 percent of revenue, while cutting and picking (including MiniLED foundry) and machinery and equipment (including others) each account for about 20 percent .
The company's November revenue was 393 million yuan, although the monthly decrease was 10.02 percent , but the year-on-year increase was 25.40 percent , which was a record high for the same period in the past. The cumulative January-November revenue was 4.815 billion yuan, an annual increase of 52.12 percent , which also rewritten the same period high. The legal person predicts that December revenue is expected to remain about 300 to 400 million yuan, and this year's revenue has the opportunity to stand above the 5 billion mark.
Looking ahead, test OEMs and self-made equipment are expected to continue to be the driving force behind Jiuyuan's performance growth. In the test OEM part, the packaging and testing industry has benefited from the digital transformation this year, and the singing and dancing have risen. Although the demand for some consumer electronics products has slowed down recently, the supply and demand of packaging and testing capacity is only turning healthy, and the demand for next year is still optimistic. Jiuyuan also successfully signed a one-year long-term contract with some customers, and at the same time did not rule out further expansion of production capacity.
In the part of self-made equipment, Jiuyuan has achieved good results in the LED-related equipment and IC packaging and testing equipment markets. Among them, Hongqi, a related company, has joined hands with the company to enter the IC packaging field, initially locking in DFN/QFN (pin-less surface plastic packaging), and it is expected to ship in large quantities in the first quarter of next year. The self-developed MiniLED equipment has been shipped in the third quarter of last year, and the equipment and foundry income can be injected at the same time. It is optimistic that the business will continue to grow with the market trend.
On the whole, the legal person expects that this year's Jiuyuan EPS will challenge the 2010 level. Looking forward to 2022, the demand for test foundry is good, and the layout of self-made equipment continues to ferment. Because the gross profit margin of these two major businesses is better than cutting and picking, with the steady increase in contribution, we are optimistic that the gross profit margin will maintain 3 to 40 percent of the high-end level next year. The overall operating performance next year will be better than this year.
