PCB factory and IC carrier board Xinxing (3037-TW) Today (27) announced the latest financial report. The gross profit margin in the second quarter was 19.35% to a new high since 44 quarters. The net profit after tax for the single quarter was 1.828 billion yuan, a quarterly decrease of 16.3% and an annual increase of 27.31%. The net profit per share was 1.24 yuan, up The half-year after-tax net profit was 4.011 billion yuan, an annual increase of 1.2 times, and the net profit per share was 2.73 yuan.
Xinxing’s second-quarter revenue was 24.03 billion yuan, gross profit margin was 19.35%, a record high since the 44th quarter, with a quarterly increase of 2.14 percentage points and an annual increase of 3.6 percentage points. After-tax net profit was 1.827 billion yuan, which was also the highest since the 44th quarter, with a quarterly decrease 16.3%, an annual increase of 27.31%, and a net profit per share of RMB 1.24.
Xinxing’s revenue in the first half of the year was 45.854 billion yuan, with a gross profit margin of 18.33%, an annual increase of 3.48 percentage points. After-tax net profit reached 4.011 billion yuan, an annual increase of 1.2 times, and a net profit per share of 2.73 yuan.
As ABF carrier boards are in short supply due to 5G demand, Xinxing continues to invest in capital expenditures to expand production. The latest additional capital expenditures for 2021 and 2022 total more than 12 billion yuan. After the addition, capital expenditures this year will reach 34.471 billion yuan. The company has decided to increase its capital in Yangmei. The land purchased for 699 million yuan, Yangmei’s new IC substrate production capacity is expected to be launched next year.
Xinxing will hold an online legal person briefing on tomorrow (28). The legal person pays attention to the timetable for the release of new production capacity and the outlook for the peak market season in the second half of the year.