World Q1 wafer shipments continue to drop 4-6%

On February 21, Beijing time, the world’s advanced technology held a conference yesterday, pointing out that due to weak market demand in the fourth quarter of last year, customer demand for wafer foundry continued to decline, so capacity utilization fell further to 61%, resulting in gross margin The profit-making rate dropped to 9% and 0% respectively, and the net profit after tax for the single season was only 28 million yuan. Looking forward to the first quarter, the world stated that even if customer stocks continue to fall, but the peak season for foundries has passed and the economy is not yet clear, so it is estimated that wafer shipments in the first quarter will decline by another 4-6%. The rate is maintained at around 60%, while the single-quarter gross margin is 7-9%.

However, overall, the world’s performance in the fourth quarter of last year was better than the company’s expectations. Except for ASP’s product mix adjustment, the quarter’s decrease was 2%. Compared with expectations, wafer production, capacity utilization, and gross profit performance were all better than expected. ideal. The world stated that although the market demand was weak, customers were still digesting inventory, but due to Christmas and Lunar New Year ahead of schedule, the shipments of wafers in the fourth quarter were 249 thousand, and the quarter was reduced by 17%, which was better than the previous forecast. Over 20% of the production capacity utilization rate was also maintained at 61%, which was better than the company's previously expected 50%.