ASMPT LIMITED 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：0522） 二零二五年第三季度業績新聞稿 有關 ASMPT Limited 及其附屬公司截至二零二五年九月三十日止三個月業績的 新聞稿附載於本公告。 承董事會命 董事 黃梓达 香港，二零二五年十月二十八日 於本公告日期，本公司董事會成員包括獨立非執行董事：樂錦壯先生（主席）、 張仰學先生、蕭潔雲女士及許明明女士；非執行董事： Hichem M'Saad 博士及 Paulus Antonius Henricus Verhagen 先生；執行 董事： 黃梓 达先生及 Guenter Walter Lauber 先生。 （本公告之中英文版本如有任何歧義，概以英文版本為準。） [新聞稿] ASMPT 公布二零二五年第三季度業績 人工智能推動強勁勢頭 集團業績概覽 關鍵亮點 先進封裝及主流業務均受惠於人工智能 TCB 技術於第四代高頻寬記憶 ...

Financial Performance - Total new orders for Q3 2025 amounted to HKD 3,620.7 million (USD 463 million), representing a quarterly decrease of 3.5% but an annual increase of 14.2%[2] - Sales revenue for Q3 2025 was HKD 3,661.2 million (USD 468 million), reflecting a quarterly increase of 7.6% and an annual increase of 9.5%[5] - Adjusted net profit for Q3 2025 was HKD 101.9 million, down 24.4% quarter-on-quarter but up 245.2% year-on-year[5] - The adjusted gross margin for Q3 2025 was 37.7%, a decrease of 203 basis points quarter-on-quarter and 330 basis points year-on-year[2] - Adjusted operating profit for Q3 2025 was HKD 124.4 million, a decrease of 26.6% quarter-over-quarter and 30.3% year-over-year[16] - The company reported a net loss of HKD 268,599 for Q3 2025, compared to a profit of HKD 134,338 in Q2 2025[29] - The company reported a total comprehensive loss of HKD 363,322 for Q3 2025, compared to a comprehensive income of HKD 863,463 in Q2 2025[29] - For the three months ended September 30, 2025, the company reported a loss attributable to shareholders of HKD (269,877) thousand, compared to a profit of HKD 131,214 thousand for the previous quarter[34] - The basic loss per share for the three months ended September 30, 2025, was HKD (0.65), while the adjusted earnings per share was HKD 0.24[37] - The gross profit for the three months ended September 30, 2025, was HKD 1,305,750 thousand, with a gross margin of 35.7%, which adjusted to HKD 1,379,634 thousand and a gross margin of 37.7%[37] - The operating profit for the same period was HKD 50,480 thousand, which adjusted to HKD 124,364 thousand[37] - The semiconductor solutions segment reported a gross profit of HKD 701,959 thousand with a gross margin of 37.3%, which adjusted to HKD 775,843 thousand and a gross margin of 41.3%[41] - The company recognized a one-time inventory write-off of HKD 73.9 million in Q3 2025 due to a product simplification plan[33] - The company recognized a one-time inventory write-off related to the voluntary liquidation of a subsidiary in the semiconductor solutions segment, impacting the financial results significantly[35] Sales and Orders - Q4 2025 sales revenue is forecasted to be between USD 470 million and USD 530 million, indicating a quarterly increase of 6.8% and an annual increase of 14.3% at the median[3] - In Q3 2025, the total new orders amounted to HKD 3,620.7 million (USD 463 million), representing a quarterly decrease of 3.5% but an annual increase of 14.2%[16] - Sales revenue for Q3 2025 reached HKD 3,661.2 million (USD 468 million), reflecting a quarterly growth of 7.6% and an annual growth of 9.5%[16] - The semiconductor solutions segment recorded sales revenue of HKD 1,879.8 million (USD 240 million), a quarterly decline of 6.5% but an annual increase of 5.0%[20] - The surface mount technology solutions segment achieved sales revenue of HKD 1,781.4 million (USD 228 million), with a quarterly increase of 28.0% and an annual increase of 14.6%[25] - The total unfulfilled orders at the end of the quarter were approximately USD 868 million[18] - Semiconductor solutions segment sales for Q3 2025 reached HKD 1,879,838, while surface mount technology solutions segment sales were HKD 1,781,362, contributing to total sales revenue of HKD 3,661,200[32] Market Trends and Demand - The advanced packaging business continues to benefit from strong demand driven by artificial intelligence, particularly in high bandwidth memory and advanced logic applications[7] - Demand in the mainstream business is primarily driven by data centers and electric vehicles in the Chinese market, with increased utilization rates in outsourced semiconductor assembly and testing[14] - The company anticipates stable demand from China, although the recovery outlook for the automotive and industrial end markets remains uncertain[26] - The company has not faced significant impacts from tariff policies but acknowledges existing uncertainties and will continue to monitor the situation closely[26] - The total potential market for TCB is projected to exceed $1 billion by 2027, driven by investments in the AI ecosystem and demand for advanced packaging[26] Operational Efficiency and Cost Management - The company expects to save approximately HKD 128 million (RMB 115 million) in future years due to the voluntary liquidation of AEC, enhancing operational cost efficiency[15] - R&D expenses for Q3 2025 were HKD 535,420, slightly increasing from HKD 525,888 in Q2 2025[27] Corporate Governance - The board of directors includes independent non-executive directors and executive directors, ensuring a diverse governance structure[44] Innovation and Collaboration - The company is actively collaborating with major logic and memory firms on various projects, indicating ongoing innovation and market expansion efforts[11] - The surface mount technology solutions segment has seen significant growth in new system-in-package (SiP) orders, supporting the development of artificial intelligence[13] - The company has secured repeat orders for its TCB solutions in both memory and logic sectors, showcasing its competitive edge in the advanced packaging market[8]

Core Viewpoint - ASMPT (00522.HK) experienced a decline of over 6%, with a current drop of 6.61%, trading at HKD 87.55, and a transaction volume of HKD 165 million [1] Group 1 - ASMPT's stock price fell by 6.61% [1] - The current trading price of ASMPT is HKD 87.55 [1] - The trading volume for ASMPT reached HKD 165 million [1]

Group 1 - ASMPT's stock price dropped over 6%, currently at 87.55 HKD with a trading volume of 165 million HKD [1] - The company announced a board meeting on October 28 to consider and approve the release of its unaudited consolidated performance for the nine months ending September 30, 2025, which will be published after market close on that day [1] - Morgan Stanley predicts ASMPT may report a loss in Q3 due to one-time restructuring expenses but encourages investors to focus on long-term growth drivers such as CoWoS-L capacity expansion, development of high-frequency memory in China, and hybrid bonding progress [1] Group 2 - Morgan Stanley's Q3 revenue guidance for ASMPT is a median of 475 million USD, representing an 11% year-over-year growth [1] - The firm believes ASMPT's revenue will meet the guidance but expects a one-time restructuring expense of approximately 360 million RMB, leading to a net loss of about 69 million RMB during the period [1]

Group 1 - The Hong Kong stock market indices collectively rose, with the Hang Seng Tech Index increasing by over 1%, indicating a potential for a "three consecutive rises" [1] - Technology stocks, chip stocks, and Chinese brokerage stocks showed significant upward movement, with major holdings in the Hang Seng Tech Index ETF (513180) including Baidu, ASMPT, Alibaba, Xpeng Motors, Hua Hong Semiconductor, and SMIC experiencing notable gains [1] - Guotai Junan Securities suggests that if the US-China tariff conflict is nearing its end, a stabilization in the political cycle could enhance risk appetite, benefiting the Hang Seng Tech Index and low-priced offshore stocks [1] Group 2 - As of October 24, the latest valuation (PETTM) of the Hang Seng Tech Index ETF (513180) was 23.28 times, which is below the historical average for approximately 70% of the time since the index's inception, indicating a potentially undervalued position [2] - The Hong Kong tech sector is expected to benefit from current trends in AI, with the backdrop of potential Fed rate cuts leading to unexpected foreign capital inflows, alongside continuous increases in southbound capital [2]

Group 1: Hong Kong Stocks - Yuewen Group (00772) rose over 4% as the company launched four major initiatives to develop its comic-drama ecosystem and actively promote IP commercialization [1] - ASMPT (00522) increased by over 7% after Morgan Stanley reported a recovery in mainstream semiconductor demand and continuous growth in the advanced packaging market, estimating that ASMPT's third-quarter order shipment ratio will remain above 1 [1] - Sands China (01928) rose over 1% as Citigroup expects its EBITDA recovery to continue in Q4 this year and into next year [1] - Jinli Permanent Magnet (06680) saw an increase of over 5% due to significant improvement in profitability and the strategic importance of rare earth resources [1] - AVIC Aircraft (02357) rose over 4% as its Zihuo future aircraft concept model was showcased at the Airshow, with business spanning the aviation industry chain [1] - Minmetals Resources (01208) increased by over 2% with a reported 11% year-on-year growth in total copper production in Q3, and institutions are optimistic about the performance of the Las Bambas mine [1] - Semiconductor stocks led the gains, with Huahong Semiconductor (01347) up over 10%, Shanghai Fudan (01385) up over 4%, SMIC (00981) up over 5%, and Jingmen Semiconductor (02878) up over 6%. Galaxy Securities noted that semiconductor equipment is a critical support sector in the tech war [1] - Horizon Robotics-W (09660) rose over 3% as it gained favor from domestic and international car manufacturers, with HSD already designated by multiple automakers [1][2] Group 2: US Stocks - Tesla (TSLA.US) rose 2.28% with Q3 2025 revenue at $28.095 billion, a 12% year-on-year increase, exceeding analyst expectations [3] - IBM (IBM.US) fell 0.87% as its Q3 hybrid cloud division revenue growth slowed and fell short of expectations [3] - Micron Technology (MU.US) increased by 4.15% as it officially samples the 192GB SOCAMM2 to customers, actively expanding low-power memory applications in AI data centers [3] - NIO (NIO.US) rose 0.73% with over 10,000 deliveries last week, including a record high of over 3,500 for the L90 model [3] - Hesai (HSAI.US) increased by 3.95% after announcing a strategic partnership with Guanghetong to jointly release a multi-modal perception and control solution based on lidar and dual-vision technology [3] - Baidu (BIDU.US) rose 2.95% as it partnered with Swiss Post's subsidiary PostBus to launch autonomous taxi road tests in Switzerland in December [3] - Futu Holdings (FUTU.US) increased by 3.65% after CICC raised its target price by 6% to $230, maintaining an "outperform" rating [3] - Alibaba (BABA.US) rose 3.64% as its Quark AI glasses are set to launch for pre-sale on the 24th [4] - Southwest Airlines (LUV.US) fell 6.25% despite a 1.1% year-on-year revenue increase to $6.95 billion in Q3, exceeding market expectations [4] - Intel (INTC.US) rose 3.36% with Q3 revenue at $13.65 billion, a 2.8% year-on-year increase [5]

每经AI快讯，ASMPT(00522.HK)盘中涨超5%，截至发稿，涨5.65%，报87.95港元，成交额7752.94万港 元。 ...

Core Viewpoint - ASMPT's stock has risen over 5%, reflecting positive market sentiment driven by a recovery in semiconductor demand and growth in the advanced packaging market [1] Company Summary - ASMPT's stock price increased by 5.65%, reaching HKD 87.95, with a trading volume of HKD 77.52 million [1] - The company is expected to maintain an order shipment ratio of over 1x in Q3 [1] - For Q3, ASMPT's revenue guidance median is set at USD 475 million, indicating a year-on-year growth of 11% [1] - Despite the revenue guidance, the company is anticipated to incur a one-time restructuring expense of approximately RMB 360 million, leading to a projected net loss of around RMB 69 million [1] - In Q4, revenue is forecasted to reach RMB 3.646 billion, representing a year-on-year growth of 7%, with a quarterly turnaround to a net profit of approximately RMB 126 million, primarily driven by advanced packaging solutions [1] Industry Summary - The mainstream semiconductor demand is showing signs of recovery, contributing to the positive outlook for ASMPT [1] - The advanced packaging market continues to grow, which is expected to enhance revenue from semiconductor solutions [1]

Group 1 - ASMPT's stock price increased by 5.65%, reaching HKD 87.95, with a trading volume of HKD 77.52 million [1] - Morgan Stanley reported that mainstream semiconductor demand is recovering, and the advanced packaging market continues to grow [1] - ASMPT's third-quarter revenue guidance median is USD 475 million, representing an 11% year-on-year growth [1] Group 2 - Morgan Stanley predicts that ASMPT's revenue will meet guidance but will incur a one-time restructuring expense of approximately RMB 360 million, leading to a net loss of about RMB 69 million [1] - For the fourth quarter, Morgan Stanley forecasts revenue to reach RMB 3.646 billion, expected to grow by 7% year-on-year, and a net profit of approximately RMB 126 million, driven by advanced packaging solutions [1]

Core Viewpoint - Morgan Stanley predicts ASMPT (00522) may report a loss in Q3 due to one-time restructuring expenses, but encourages investors to focus on its long-term growth drivers, including CoWoS-L capacity expansion, development of high-frequency memory in China, and progress in hybrid bonding [1] Group 1: Financial Performance - ASMPT's Q3 revenue guidance median is set at $475 million, representing an 11% year-on-year growth [1] - Morgan Stanley forecasts that the company will incur approximately RMB 360 million in one-time restructuring expenses, leading to a net loss of about RMB 69 million [1] - For Q4, revenue is expected to reach RMB 3.646 billion, indicating a 7% year-on-year growth, with a projected net profit of approximately RMB 126 million, primarily driven by advanced packaging solutions [1] Group 2: Market Outlook - The mainstream semiconductor demand is recovering, and the advanced packaging market continues to grow [1] - Morgan Stanley estimates that ASMPT's Q3 order shipment ratio will remain above 1x [1] - The target price for ASMPT has been raised from HKD 80 to HKD 100, with earnings per share forecasts for 2026 and 2027 increased by 10% and 23% respectively, while the full-year earnings estimate for this year has been reduced by 45% [1]