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周大生(002867) - 2025年4月29日投资者关系活动记录表
2025-04-30 01:02
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 ...
UMC(UMC) - 2025 Q1 - Earnings Call Transcript
2025-04-23 12:43
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]
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彭博Bloomberg· 2025-03-06 05:03
彭博终端 PORT情景分析 作为前瞻性的风险管理工具,不仅能评估多种模拟情景对投资组合的影 响,还能助您对投组进行优化,并将优化任务回溯至历史时间,实现投组策略回测,助您制定更 明智的投资决策! 观看下方视频, 让彭博专家带您体验PORT WS功能! 欢迎关注我们的视频号,为您呈现更多精彩内容! 点击 "阅读原文" ,预约彭博终端演示。 ...
Sunstone Hotel Investors(SHO) - 2024 Q4 - Earnings Call Transcript
2025-02-22 02:27
Sunstone Hotel Investors, Inc. (NYSE:SHO) Q4 2024 Earnings Conference Call February 21, 2025 1:00 PM ET Company Participants Aaron Reyes - CFO Bryan Giglia - CEO Robert Springer - President and Chief Investment Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Dori Kesten - Wells Fargo Michael Bellisario - Baird Chris Darling - Green Street Chris Woronka - Deutsche Bank Floris van Dijkum - Compass Point Patrick Scholes - Truist Securities Operator Good morning, ladies ...
WestRock(WRK) - 2023 Q3 - Earnings Call Transcript
2023-08-03 13:30
WestRock Company (WRK) Q3 2023 Earnings Call August 03, 2023 08:30 AM ET Company Participants Robert Quartaro - SVP - Investor RelationsDavid Sewell - CEOAlexander Pease - Executive VP & CFOMichael Roxland - MD - Equity ResearchGeorge Staphos - Managing Director Conference Call Participants Gabe Hajde - AnalystMark Weintraub - Senior Analyst and Head of Business DevelopmentCleveland Rueckert - ED - Equity Research AnalystNone - Analyst Operator Good morning, and welcome to the WestRock Third Fiscal Quarter ...