Netcom factory Qiqi (6285-TW) and Mingtai Group (3380-TW) announced today (7) the revenue of March and the first quarter. A new record high, Mingtai Qixia Zhongqi (2419-TW) March revenue also hit a new high.
Qiqi’s revenue in March was 9.366 billion yuan, a monthly increase of 13.37% and an annual increase of 29.7%. In the first quarter, revenue was 25.266 billion yuan, a quarterly decrease of 13.16% and an annual increase of 29.8%.
The Australian foreign investment report pointed out that driven by the trend of satellite, 5G, vehicles and electric vehicles, Qiqi will maintain growth this year and next two years. In the home communication connection business, the proportion of 5G equipment revenue will exceed 60% this year. The continuous growth of the automotive market will drive the demand for radar and lens sensors, and Qiqi is expected to benefit from it.
Mingtai’s March revenue was 3.357 billion yuan, a monthly increase of 40.5% and an annual increase of 16.7%. The first quarter’s revenue was 7.869 billion yuan, a quarterly decrease of 14.8% and an annual increase of 14.46%. An increase of 16.55% and an annual increase of 9.2%. The revenue in the first quarter was 2.81 billion yuan, a quarterly decrease of 23.53% and an annual increase of 15.26%.
Looking forward to this year, Ming Tai said that the current order in hand has reached one year, and it is expected to continue to grow this year, which means that revenue is expected to reach a new high. Zhong Qi is optimistic regarding the layout of non-North American markets and will continue to seize the market share of American peers. Annual revenue is expected to reach new highs.
More Juheng reports
•Both Mingtai and Zhongqi’s orders grew by double digits in the first two months
•China Netcom’s revenue released, Zhiyi and Qiqi both reached new highs in February
