Xinxing (3037-TW) announced the latest revenue today (8). After the revenue of Xinxing in January 2023 fell below the 10 billion mark, the client demand has not improved. The lowest point in the past month, the monthly decrease was 178.89%, and the annual decrease was 15.51%. Revenue in the first two months was 17.902 billion yuan, an annual decrease of 10.62%.
Since the decline in operations in the fourth quarter of 2022, the capacity utilization rate has dropped significantly, and the current market visibility is still low. Xinxing’s annual revenue in 2022 will be 140.489 billion yuan, with a gross profit margin of 35.9%, an annual increase of 13.27 percentage points, The post-net profit was 29.619 billion yuan, a new high, an annual increase of 1.14 times, and the net profit per share was 20.08 yuan. Xinxing’s full-year profit in 2022 will also dominate the overall listed cabinet PCB factory.
At the same time, in the continuous revision of market demand, Xinxing slowed down capital expenditure. In 2023, capital expenditure is expected to be 35.4 billion yuan, and HDI and PCB production capacity will no longer be expanded. At the same time, IC substrate production capacity is only expected to increase by 3%.
Xinxing will distribute a cash dividend of RMB 8 per share last year.
