Quanta, Wistron, Inventec, and Compal were awarded the upward trend of "AI artificial intelligence", "AI PC", "smart medical" and other beneficial themes last year, and the outside world focused on the revenue performance of major factories, and it also means that the actual benefits have increased because of the growth of revenue results.
Quanta's 2023 full-year revenue: 108 trillion (NTD).
Annual minus 153% (recession).
Quanta announced that its consolidated revenue in December last year was 92.9 billion yuan, falling below the 100 billion yuan mark and down 10 percent from November3%, also down more than 12 percent from the same period last year6%, showing a double downward trend in both years and months;Cumulative revenue for the full year of 2023 is 108 trillion yuan, although the annual decrease is 153%, but it still breaks through the trillion yuan level, and it is also the most fruitful among the four major foundries.
Quanta estimates that last year's laptop shipments were 45 million to 47 million units, a year-on-year decrease of about 20%, due to the actual shipments in the third quarter of last year were better than expected, the fourth quarter shipments are estimated to be down by double-digit percentage quarters, as for this year (2024), the shipments are estimated to be flat year-on-year, and the types of laptops of its foundry are still dominated by consumer models.
As for AI PCs, the company estimates that it will not be until 2025 at the earliest, that the relevant models will be more significantly extended from the commercial end to the consumer market, and Quanta's main operating energy this year will come from the server side, whose shipments are estimated to increase by double digits year-on-year, and the automotive business with the highest gross profit margin is expected to account for 10% of its performance this year.
The outside world is still generally happy about Quanta, and it is estimated that after NVIDIA launches the artificial intelligence personal computer (AI PC)** graphics card, it will have the opportunity to gain momentum again, and is optimistic that Quanta's performance will be expected to grow quarter by quarter under the overall economic recovery this year.
Compal's 2023 annual revenue: 94671.5 billion yuan
Annual minus 118% (recession).
Compal reported revenue of 695 in December last year3.8 billion yuan, a monthly decrease of 178%, down 4 percent year-on-year1%, the lowest performance in the past six months, and the revenue in the fourth quarter was 24167.1 billion yuan, down 4% quarter-on-quarter and 2.0% year-on-year8%, as for the consolidated revenue of 9467 last year1.4 billion yuan, down 118%。
Compal's PC shipments last year reached 34 million units, down 13 percent year-on-year4%, in line with internal expectations.
Compal revealed that there will not be much difference between the off-season performance in the first quarter of this year and previous years, and its new businesses such as AI servers, medical care, and 5G will continue to grow steadily.
Chairman Xu Shengxiong and General Manager Weng Zongbin will also further explain the product line layout and operation outlook for this year (2024) at the annual meeting on January 17.
The revenue in December last year reached the lowest in nearly half a year, which may be affected by the off-season of the market, but as the product line moves towards high gross margins, it is believed that the performance next year can be expected, but it is still recommended that market investors be cautious.
Wistron's 2023 full-year revenue: 8665$8.3 billion
12% per annum (recession).
Wistron's revenue in December last year fell 23%, to 7469.8 billion yuan, reaching a low point in nearly four months, down 22 percent year-on-year5%, compared to 2295 revenue in the fourth quarter of last year3.6 billion yuan, a quarterly increase of 57%, down 13% year-on-year;As for statistics, the consolidated revenue for the whole year last year was 86658.2 billion yuan, down 12% year-on-year, slightly lower than market expectations.
In terms of revenue performance, Wistron pointed out that the company's current primary operating goal is not to expand the scale of revenue, but to pursue the improvement of overall gross profit margin and profit as the priority, with the continuous improvement of the product line, the gross profit margin is expected to achieve a more outstanding performance last year.
In terms of notebook shipments, Wistron shipped 1.8 million laptops in December, which was the same as the previous month, but the annual growth rate reached 125%, and the shipment performance of desktop computers reached 800,000 units, which was not only the same as the performance of the previous month, but also the annual growth rate reached 1428%, which shows that the market has begun to show signs of recovery, but the display has increased by 5 per month88% to 900,000 units, but still down 10% from the previous year.
As for the hottest AI servers, Wistron pointed out that the demand for large-scale cloud services** remained quite strong, and its products continued to be favored by end customers, which successfully drove double-digit growth in the fourth quarter of last year.
Looking forward to the development prospects of the team this year (2024), Wistron's new plant in Hukou, which is responsible for the production capacity of AI server substrates, will be completed and put into operation at the end of January at the earliest, and the Hsinchu Smart Park will also be relayed and opened in the second half of the year.
Wistron holds up to 85% of the orders for NVIDIA CODOS AI chip substrates, and is also the exclusive supplier of AMD and Intel AI chip modules and substrates.
Inventec's annual revenue for the year (2023): 51474.5 billion yuan
5% per annum (recession).
Inventec's consolidated revenue in December last year was 4352.8 billion yuan, down 1 from November4%, but an increase of more than 7 percent over the same period last year9%, which is on par with the market's original expectation, but still the second lowest in nearly five monthsThe cumulative annual revenue of last year reached 51474.5 billion yuan, down 5% year-on-year.
Inventec pointed out that its notebook shipments were 15m, the laptop sector in the first quarter is likely to show a high-single-digit decline compared to the fourth quarter of last yearAs for the performance of the server in the first quarter, if the shortage of materials is alleviated as expected, there is a chance to be better than the fourth quarter of last year, and the company's overall outlook for the first quarter is the same as the fourth quarter of last year to a slight downward revision.
While Inventec has continued to improve the revenue share of its product lines, it is still necessary to be cautious, as Inventec is the first electronics foundry to make the leap from downstream to upstream, and it may generally be more mindful.