ASM太平洋(00522) - 2022 Q1 - 季度财报

Financial Performance - Revenue for the first quarter was HKD 52.7 billion (USD 6.75 billion), representing a year-on-year increase of 21.5% but a quarter-on-quarter decrease of 15.1%[10]. - Net profit for the first quarter was HKD 8.30 billion, a 57.1% increase year-on-year but a decrease of 8.9% quarter-on-quarter[10]. - The group's revenue reached HKD 5.27 billion (USD 675 million), achieving the high end of revenue forecasts, with a quarterly decline of 15.1% but an annual increase of 21.5%[12]. - The total comprehensive income for the period was HKD 832 million, compared to HKD 964 million in the previous quarter[21]. - The total revenue for the period was HKD 5.27 billion, compared to HKD 6.20 billion in the previous quarter and HKD 4.34 billion in the same period last year[44]. Orders and Backlog - The total new orders reached HKD 7.04 billion (USD 903 million), up 34.2% quarter-on-quarter but down 10.0% year-on-year[10]. - The group held a substantial backlog of unfulfilled orders totaling HKD 11.89 billion (USD 1.52 billion), with an order-to-delivery ratio of 1.34[12]. - The total new orders amounted to HKD 7.04 billion (USD 903 million), reflecting a year-on-year decrease of 10.0% due to a high base effect from the previous year, while quarterly growth was 34.2%[12]. - The total new orders for the segment amounted to HKD 4.12 billion (USD 527 million), representing a year-on-year decline of 22.5% but a quarter-on-quarter increase of 47.7%[41]. Profitability Metrics - Gross margin was 40.6%, an increase of 107 basis points year-on-year but a decrease of 69 basis points quarter-on-quarter[10]. - Operating profit margin was 19.1%, up 361 basis points year-on-year but down 97 basis points quarter-on-quarter[10]. - The gross profit margin for the first quarter was 40.6%, reflecting an increase of 107 basis points year-on-year[28]. - The operating profit margin improved to 19.1%, an increase of 361 basis points year-on-year, supported by record revenue in the first quarter[12]. - The segment's gross profit margin was 44.7%, increasing by 68 basis points year-on-year and 103 basis points quarter-on-quarter, primarily due to a better product mix[41]. Segment Performance - The semiconductor solutions segment recorded revenue of HKD 2.94 billion (USD 377 million), accounting for 55.9% of total group revenue, with an annual growth of 8.8% but a quarterly decline of 28.2%[14]. - The SMT solutions segment achieved revenue of HKD 2.32 billion (USD 298 million), representing a significant annual increase of 42.4% and a quarterly increase of 10.5%[16]. - The automotive solutions segment saw a quarter-on-quarter increase of approximately 49% in new orders, driven by the global trend towards automotive electrification[8]. - The semiconductor solutions segment generated revenue of HKD 2.94 billion ($377 million), accounting for 55.9% of total revenue, with a year-over-year growth of 8.8%[40]. - The segment's revenue was HKD 2.32 billion (USD 298 million), accounting for 44.1% of the group's total revenue, with year-on-year and quarter-on-quarter growth of 42.4% and 10.5%, respectively[42]. Future Outlook - The second quarter revenue forecast is expected to be between USD 670 million and USD 740 million, indicating a year-on-year and quarter-on-quarter increase of 5.8% and 4.5% respectively[2]. - The company is confident in capturing a high market share in the projected $2.7 billion advanced packaging market by 2026[33]. - The group expects revenue for Q2 2022 to be between USD 670 million and USD 740 million, representing year-on-year and quarter-on-quarter increases of 5.8% and 4.5%, respectively[43]. - The company plans to continue focusing on expanding its market presence and investing in new technologies to drive future growth[50]. Cash Position - The group maintains a strong cash position with total cash and bank deposits of HKD 4.55 billion, while bank borrowings decreased to HKD 2.45 billion, resulting in a net cash position of HKD 2.1 billion[12]. - The company maintained a strong cash position with total cash and bank deposits of HKD 4.55 billion, resulting in a net cash position of HKD 2.1 billion[38].