kb0kbc technology news (text/Roy) Quartz component factory Jingtech held a financial report meeting today (21st). Looking to the future, General Manager Lin Wanxing said that the first quarter is the bottom of the operation, orders have recovered from April, production capacity , the rate of is nearly full, revenue will gradually grow and gross profit margin will also rebound from the second quarter. Vice President Guo Yaping added that it is estimated that the annual operating performance will be the same as last year and will resume growth from 2020.
Crystal technology targets 5G, Netcom and automotive applications, and has also entered the micro-electromechanical system (MEMS) market. Guo Yaping pointed out that the 5G market has strict requirements for product specifications, so the company has been acquiring early and has been working in 5G infrastructure, smartphones, Internet of Things and WiFi-6 markets for a long time. It has cooperated with top-tier communication equipment manufacturers in mainland China, the United States and Europe to provide 5G application products such as constant temperature controlled quartz oscillator (OCXO) and voltage controlled quartz oscillator (VCXO). It is expected that revenue contribution will be seen in the second half of the year.
Lin Wanxing shows that although 5G has not yet truly fermented this year, the depth and breadth of infrastructure and application fields have not yet been in place. However, I believe next year is the first year of 5G, and I believe that the company's growth is expected under the driving force of 5G business. In terms of automotive use, Lin Wanxing said that the threshold for entry of the vehicle market is high, among which Jingji continues to develop imaging component solutions for advanced driving assistance systems (ADAS). In addition, a legal person stated that Jingji and a US company jointly develop solutions for reversing radars for automotive imaging equipment in Ningbo in mainland China, and it is expected to contribute performance one after another as early as next year.
In addition, the legal person pointed out that in response to trends such as miniaturization and narrow frames, the design of the mobile phone's full-screen narrow frame has changed the specifications of the front lens this year, and the high-level temperature sensing quartz crystal (TSX) component will be expected to continue to enter the mobile phone chip and Wi-Fi module.
Lin Wanxing emphasized that inventory has returned to normal seasonal water level. Previously, competition for price cuts in peers has been fierce, and prices have stopped falling. In addition, customer orders have rebounded from April and the capacity utilization rate is close to 100%. He is optimistic that the company's performance in the next three quarters of this year will grow quarter by quarter, and the gross profit margin will rebound by more than 22% at a normal level. In terms of capital expenditure of
, Guo Yaping pointed out that this year's capital expenditure of Crystals was approximately NT$720 million (the same unit below), mainly used in investment in quartz crystals, quartz crystal oscillators, MEMS and other fields.
Jingji's revenue in the first quarter of 2019 was 1.623 billion yuan, gross profit margin was 20.92%, pure profit after tax was 77.73 million yuan, and pure profit per share was 0.25 yuan, a new low in previous years. However, benefiting from the benefits of mid-April, Mainland Netcom and mobile phone factories have become more active in placing orders, and their revenue has stabilized. Their revenue in April was 670 million yuan, a monthly increase of 3.95% and an annual increase of 2.71%. The cumulative revenue from January to April this year was 2.23 billion yuan, a year-on-year decrease of 9.36%. (Proofreading/Shishi)
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