公司信息更新报告：2024Q1业绩同比高增，产能加速落地助力长期发展

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][3] Core Views - The company reported significant year-on-year growth in Q1 2024, with operating revenue reaching 3.106 billion yuan, an increase of 38.72% year-on-year, while net profit attributable to shareholders was 57 million yuan, up by 1.63 billion yuan year-on-year [3] - The gross margin improved to 8.52%, up by 4.53 percentage points year-on-year, indicating a positive trend in profitability [3] - The company is expected to benefit from the gradual recovery of the packaging and testing industry, with projected net profits for 2024, 2025, and 2026 estimated at 664 million, 1.03 billion, and 1.537 billion yuan respectively [3] Financial Performance Summary - In Q1 2024, the company achieved operating revenue of 3.106 billion yuan, a year-on-year increase of 38.72% and a quarter-on-quarter decrease of 3.83% [3] - The net profit attributable to shareholders was 57 million yuan, showing a year-on-year increase of 1.63 billion yuan, but a quarter-on-quarter decrease of 60.24% [3] - The gross margin for Q1 2024 was 8.52%, up by 4.53 percentage points year-on-year, while the net margin was 1.84%, an increase of 6.59 percentage points year-on-year [3] - The company plans to complete its fundraising investment projects in 2024, which will support the construction of new production lines and enhance its packaging capacity [5] Shareholder Confidence - The controlling shareholder, Huaten Electronics Group, increased its stake in the company by approximately 21 million shares, representing 0.66% of the total shares, with a total investment of 162 million yuan, reflecting confidence in the company's long-term development [4] Customer Development and Capacity Expansion - The company has actively expanded its customer base, achieving the introduction of 302 customers by the end of 2023, and is focused on enhancing service for existing key clients [5] - The company is also investing in new production facilities, with ongoing construction at Unisem Gopeng and completed facilities at Huaten Jiangsu and Huaten Shanghai, aimed at increasing production capacity [5]