The packaging and testing factory Licheng (6239-TW) In the past 2 years, it has expanded the layout of logic IC packaging and testing. Although the momentum of the consumer electronics market has slowed down recently, its subsidiary Jingzhaocheng has benefited from the continued strong demand in the automotive market, and the visibility of orders has even been seen in 2024, driving logic packaging and testing. The production capacity is maintained at a high level.
Licheng used to focus on memory packaging and testing, but with the transformation and expansion of the logic packaging and testing business, the related revenue accounted for 35% last year. Licheng said that the current logic packaging and testing business has not felt the slowdown in demand, mainly due to the strong demand for automotive electronics.
Benefiting from the hot demand for automotive applications, Licheng’s Jingzhaocheng will expand its production capacity by regarding 20-30% in stages. It is expected to be in place around the middle of this year. In the future, the proportion of automotive applications in wafer testing revenue will have the opportunity to reach regarding 35-45% %; Some customers of the memory packaging and testing business had previously transferred orders due to the closure of the city in Shanghai and were supported by the Taiwan factory of Licheng, and the order demand was stable.
However, Chaofeng (a subsidiary of Licheng Group)2414-TW) Affected by the slowdown in demand for consumer electronics, PCs, etc., and new machines have been added to production, although the utilization rate remains high, the production capacity is not as tight as before.
Licheng’s net profit following tax in the first quarter was 2.196 billion yuan, a decrease of 12% from the previous quarter, but an annual increase of 28.6%. The net profit per share was 2.92 yuan, the best first quarter in history. Licheng is optimistic that this year’s operations will eat sugarcane, which is better quarter by quarter, and the gross profit margin performance is also positive.
