Compal’s third-quarter revenue was 251.714 billion yuan, a quarterly increase of 3%, mainly due to revenue growth from emerging businesses such as computer products, automotive electronics, and 5G communications. Net earnings per share in the first three quarters were 1.35 yuan.Picture/Photo from this newspaper’s data
Compal (2324)’s third-quarter revenue was 251.714 billion yuan, a quarterly increase of 3%, mainly due to the growth in revenue from emerging businesses such as computer products, automotive electronics, and 5G communications. The cumulative net earnings per share (EPS) for the first three quarters was 1.35 yuan.
Looking forward to the fourth quarter, Compal predicts that PC shipments will decline by single digits, while non-PC products will experience small quarterly growth.
In addition, with the help of continued improvements in product mix and operating efficiency, Compal’s third-quarter gross profit margin and operating profit margin increased to 4.46% and 1.45% respectively. In the third quarter, operating net profit was 3.648 billion yuan, a quarterly increase of 32% and an annual increase of 62%. Net profit attributable to owners of the parent company was 2.397 billion yuan, a quarterly increase of 15% and an annual increase of 18%. EPS was 0.55 yuan.
The cumulative revenue for the first three quarters was 705.044 billion yuan, the operating gross profit was 31.174 billion yuan, the operating net profit was 8.663 billion yuan, the gross profit margin was 4.42%, and the operating profit rate was 1.23%, which were significantly higher than the same period last year. The net profit attributable to the owners of the parent company was 5.882 billion yuan. Converted to EPS1.35 yuan.
The legal person pointed out that Compal has expressed its ambition for NVIDIA’s HGX series. This year, all AI server products are mainly focused on the PCIe version. Most of Compal’s AI server products are at level 6, about 80%, but the company hopes to have a further improvement in AI server products in the second half of 2024, including the production of HGX and level 10 products, and looks forward to level 10 products. 10 products can account for 40% to 50% of overall AI server revenue in 2024.
Compal General Manager Weng Zongbin pointed out at the press conference that due to the U.S. interest rate hike and inflation being under control, PC inventory has returned to a healthy level and the smell of recovery has been smelled. In addition, it has been four years since the COVID-19 outbreak in 2019, and related equipment has also reached the time to be upgraded. After the economic situation becomes clearer in the third and fourth quarters, various types of enterprises will have looser budget controls for next year, which will be for PCs. Demand will contribute, and growth is expected from 2024 to 2025.
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2023-11-10 20:10:00
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