代码：002867 证券简称：周大生 编号：2025-014 周大生珠宝股份有限公司 投资者关系活动记录表 | | □特定对象调研 □媒体采访 | □分析师会议 □业绩说明会 | | --- | --- | --- | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | √其他(电话会议) | | | | 共计 145 位投资者（排名不分先后）： | | | | 中信证券：徐晓芳、林镇潘、杜一帆 | | | | 中信建投证券：叶乐、张舒怡、黄杨璐 | | | | 野村东方国际证券：张影秋、曾万霖 | | | | 三井住友德思资产管理（香港）：黎兆倫 | | | | Vontobel Asset Management：Louise Li | | | | 申万宏源：赵令伊、李秀琳 | 方正证券：周昕、廖捷 | | | 太平洋证券：郭彬、龚书慧 | 诚通证券：陈文倩 | | | 国泰海通：苏颖、刘越男 | 长江证券：李锦、张彦淳 | | 参与单位名称 | 中信建投：刘乐文 | 万联证券：李滢 | | 及人员姓名 | | | | | 信达证券：蔡昕妤 | 德邦证券：易丁依 ...

4月下旬，达能公布的2025年第一季度财报显示，公司一季度实现销售收入68.44亿欧元，同比增长 4.3%。其中销量与组合贡献了1.9%的增长，价格因素带动了2.4%的增长。 达能首席执行官盛睿安表示："第一季度，我们不仅获得了4.3%的销售同比增长，更实现了全品类 业务的良好开局，充分展现了达能健康产品组合和强大执行力的优势。尽管当前环境存在不确定性，但 我们依托以科学为基石、以消费者和患者为核心的模式，叠加日益多元化的渠道布局，将进一步增强业 务的韧性。2025年，我们有信心持续价值创造，与中期目标保持一致。" 2025年第一季度，北亚及大洋洲等地区销售收入同比增长9.9%，其中销量与组合贡献了10.4%的增 长，价格因素导致微降0.5%。在专业特殊营养业务板块，婴幼儿配方奶粉品类凭借Essensis系列持续扩 大市场份额；来自医学营养品市场的需求依然旺盛。饮用水和饮料业务板块，脉动品牌实现双位数增 长。日本市场的基础乳制品和植物基产品则凭借优秀表现持续提升市场占有率。 欧洲地区销售收入同比增长2%，其中销量与组合贡献了1.9%的增长，价格持平。基础乳制品和植 物基产品业务的持续增长成为主要驱动力；在医学 ...

Financial Data and Key Metrics Changes - UMC's consolidated revenue for Q1 2025 was NT$57.86 billion, with a gross margin of approximately 26.7% [7] - Net income attributable to shareholders was NT$7.78 billion, resulting in an earnings per share (EPS) of NT$0.62 [8] - Year-over-year revenue increased by 5.9%, driven by a 12% increase in wafer shipments, although this was offset by a decline in average selling price (ASP) [11] - Operating expenses were controlled at about 10.6% of total revenue, leading to an operating income of NT$9.7 billion, or 15.9% [10] Business Line Data and Key Metrics Changes - Wafer revenue declined 4.2% sequentially to NT$57.85 billion due to a one-time price adjustment and lower ASP [9] - The consumer segment showed strong performance, primarily driven by products like Wi-Fi, DTV, and set-top boxes [14] - Revenue from 22 and 28 nanometer products accounted for 37% of total sales, with 22 nanometer revenue increasing by 46% quarter-over-quarter [17] Market Data and Key Metrics Changes - Asian-based customers contributed approximately 56% of total revenue, while North American customers represented about 22% [12] - The automotive segment experienced a decline in Q1 due to softness in microcontrollers and power management, while consumer electronics showed growth [68] Company Strategy and Development Direction - UMC is focusing on technology differentiation, global manufacturing diversification, and product mix optimization to navigate macro uncertainties [20] - The company plans to maintain a cash-based capital expenditure (CapEx) of $1.8 billion for 2025 [15] - The new Singapore Phase 3 fab is expected to ramp up to volume production in early 2026, enhancing UMC's capacity for 22 nanometer products [18] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding wafer demand projections due to ongoing tariff adjustments and geopolitical tensions [20] - For Q2 2025, UMC expects a moderate rebound in demand across all segments, with wafer shipments projected to increase by 5% to 7% sequentially [21] - The gross margin is anticipated to recover to approximately 30% in Q2 [21] Other Important Information - UMC's cash position remained strong at NT$106 billion at the end of Q1 2025, with total equity reaching NT$390 billion [12] - A proposed cash dividend of NT$2.85 per share is subject to shareholder approval at the upcoming AGM [19] Q&A Session Summary Question: Impact of tariffs on customer order behaviors - Management noted that while tariffs have increased uncertainties, there has not been a significant change in market demand for Q2 2025 [26][28] Question: Utilization rates for 22 and 28 nanometer products - The guidance for Q2 indicates a mid-70% utilization rate for the company, with 22 and 28 nanometer products expected to be key growth drivers [36][37] Question: Update on the partnership with Intel for 12 nanometer - The joint development is on track, with pilot runs underway and expected to be ready for customer adoption by 2026 [42][44] Question: Margin expectations for Q2 and beyond - Management indicated that while Q1 margins were impacted by a one-time pricing adjustment, they expect improvements in Q2, but visibility for the second half remains limited [55][98] Question: Demand trends across key end markets - Management expects growth in consumer and computing segments for Q2, while automotive demand remains flattish [68][70] Question: Inventory levels across different applications - Current inventory levels are healthy for consumer electronics, but higher for automotive and industrial segments, which may take longer to digest [118][120]

Semiconductor Manufacturing International (00981) Q2 2024 Earnings Call August 08, 2024 08:30 PM ET Speaker0Welcome to Semiconductor Manufacturing International Corporation's 2nd Quarter 2024 Webcast Conference Call. Today's call will be simultaneously streamed through the Internet and telephone. Please be advised that if you join the meeting by phone, your dialsings are in listen only mode. However, after the conclusion of the management presentation, we will have a question and answer session. At that tim ...