Nanmao, a storage packaging and testing plant, held a press conference on the 22nd, and Chairman Zheng Shijie is optimistic that the performance in the second half of the year will be better than the first half of the year, and the annual operation will be better than last year.
The first is that the customer inventory has improved compared to before, the second is the recovery of the storage industry, the demand for panel driver chips (DDIC) for its automotive panels and OLED is stable, and the last is the slight expansion of high-end test machines in the fourth quarter of last year, which is still at a high level.
Looking back at the fourth quarter of last year, the gross profit margin rose to 20% due to lower costs and lower electricity tariffs, up 42%, an annual increase of 56%, a high in the past year and a half.
In terms of the main product lines in the first quarter of this year, Zheng Shijie analyzed that the movement energy of the storage camp is higher than that of panel driver chip (DDIC) products, mainly due to the rebound in demand for NAND storage products, and the capacity utilization rate of packaging and testing for other products is affected by the destocking of customers and the slowdown in stocking.
In the DDIC part, Zheng Shijie pointed out that the terminal demand is still sluggish, affecting the DDIC test capacity of TV and mobile phone products, but the demand for automotive panels and organic light-emitting diode (OLED) panels is stable.
Due to the full recovery of the storage industry, the capacity utilization rate of the industry has gradually increased, and the positive performance of Nanmao in DRAM and NAND packaging and testing is that the first quarter is the bottom, and the second and third quarters will gradually increase, and it is estimated that Nanmao's annual operation will have a high single-digit percentage growth.