The test maker Kyungwon (2449) announced that its net profit per share was 1.88 yuan last year, but this year it still has a generous interest rate, with a cash dividend of 1.8 yuan per share. KYEC‘s orders for March have seen a big rebound. It is expected that the first quarter revenue will only decline by 2 to 3% from the previous quarter. The second quarter will benefit from Intel, MediaTek, HiSilicon, NVIDIA, and Italy. Large customer orders have grown in full, revenue is expected to increase by 13-18% in the quarter and rewrite the new record. Among them, MediaTek’s second quarter test orders increased by 3 to 40% compared with the previous quarter.
KYEC announced its earnings report last year. In the fourth quarter of last year, the consolidated revenue season decreased by 7.2% to 4.803 billion yuan, down 8.3% from the same period of the previous year. Due to the appreciation of the New Taiwan dollar against the US dollar, the decline in capacity utilization rate, and the loss of investment in the industry, the single-season attribution The company‘s net profit after tax was RMB 430 million, a decrease of 34.4% from the same period of the previous year, and the net profit per share was RMB 0.35. Last year, the consolidated revenue reached 19.687 billion yuan, down 2.0% from the previous year. It was the second highest annual revenue history. The net profit after tax of the parent company was 2.243 billion yuan, down 25.1% from the previous year. It was mainly affected by the sharp appreciation of the exchange rate. Net profit of 1.88 yuan, in line with market expectations.
The board of directors of KYEC decided to allocate a cash dividend of 1.8 yuan per common share this year, including a cash dividend of 1.4 yuan for surplus distribution and a cash dividend of 0.4 yuan for capital reserve. Based on the closing price of Jingyuan Electric on the 16th, 31.20 yuan, the cash yield reached 5.8%.
As Apple‘s iPhone component supply chain entered the inventory revision period, and the appreciation of the new Taiwan dollar was obvious, KYEC’s operating performance in January and February was not outstanding. The accumulated consolidated revenue for the first two months reached 2.944 billion yuan, compared with the same period last year. Reduced by 7.8%. However, as the Android camp mobile phone began to enter the component stocking stage, KYEC benefited from orders from MediaTek, OmniVision, Texas Instruments, and Wonderland to grow rapidly after March. The legal person estimated that KYEC will be in March. Revenue is expected to increase by more than 20% in the month, and revenue in the first quarter will only decline by 2 to 3% from the previous quarter.
In the mobile phone supply chain continues to pull momentum, KYEC is optimistic about the second quarter. According to the legal person, in addition to the continued strongening of orders such as MediaTek, Howe, and Qijing, major customer orders including Intel, Huida, Yifa, Lianhe, Heis, and Renesas have all returned significantly. Among them, MediaTek mobile phone chip shipments, the number of orders in the second quarter of KYEC increased by 3 to 40% compared with the previous quarter, which is the biggest bright spot in the next quarter.
The legal person is optimistic about the second-quarter revenue of KYEC, which will be reduced month by month. The single-quarter revenue will have a chance to rush to 50-5.5 billion yuan, up 13-18% from the previous quarter, and have the opportunity to hit a record high in the quarter. As the season enters the peak season, revenue is expected to challenge 6 billion yuan. KYEC does not comment on the financial figures of legal persons.