Strong Demand For New Mobile Phone Parts, Joint Forecast Q2 Revenue Increase 19-23%

Benefited from the strong stock demand of the new mobile phone, the second quarter revenue will increase by 19% to 23% in the first quarter of the driver's leading chip factory, and the revenue increase is more than the market expectations. In addition, Wang Shouren, the general manager, also revealed that the second half of the year will be better than the first half of the year. The second quarter operating target is quite optimistic. The single quarter combined revenue is estimated to be between 12 billion 500 million yuan (NT, the same) to 12 billion 900 million yuan, 19% to 23% in the quarter, and the second quarter gross interest rate is expected to be between 28% and 29.5%, while the single season operating interest rate is expected to fall between 12% and 13.5%.

The first quarter revenue of the first quarter was 10 billion 466 million yuan, 12.43% from the fourth quarter last year, 4.15% from the first quarter of last year. The company explained that the first quarter revenue was less than the last quarter, mainly due to the decrease of the traditional season and the number of days in the spring Festival. The gross profit margin in the first quarter was 29.44%, an increase of 0.07 percentage points compared with the gross profit margin of 29.37% in the fourth quarter of last year. In addition, the net profit in the first quarter was 1 billion 156 million yuan. After a single quarter, the profit after tax was 917 million yuan, the quarterly decrease was 3, and the annual decrease was 1.32%.
In view of the second - quarter operation outlook, Wang Shouren said it was mainly due to the strong demand for zero component stock in the new mobile phone, while the performance of single - season panel driver chips and system single chip products would grow synchronously, but the demand for panel driven chips was the strongest.

Wang Shouren further mentioned that driving chip production line, integrated drive and touch function TDDI chip, promote faster than expected, the first quarter of the first quarter of this year more than 10 million units, the second quarter will be more, and this year's total shipments will not exclude the opportunity to reach hundreds of millions of sets.
In addition, as for the overall market, Wang Shouren also predicted that not only optimistic views in the second quarter, but also better performance in the second half of the year than in the first half. As for April, its performance was also brilliant, with a 10.34% increase in revenue and an annual increase of 6.79%.

In addition, as the price of silicon wafers continues to rise, leading to a high cost cushion in the design industry, Wang Shouren mentioned that it is now communicating with customers to adjust the price of products because of the increase in silicon wafer, memory and passive components.