Core Viewpoint - The company reported Q2 2025 earnings, with revenue meeting guidance and showing year-over-year growth, driven by strong demand in semiconductor solutions and signs of recovery in SMT business [3][4]. Group 1: Q2 Financial Performance - Q2 revenue was $436 million (34 billion HKD), up 1.8% YoY and 8.9% QoQ, aligning with the guidance range [3]. - Semiconductor solutions revenue was 20.1 billion HKD ($2.58 billion), up 20.9% YoY and 1% QoQ, driven by strong demand for TCB tools [3]. - SMT business revenue was 13.9 billion HKD ($1.79 billion), down 17.2% YoY but up 22.6% QoQ, with strong sales in China and advanced packaging partially offset by weakness in automotive and industrial markets [3]. - Q2 gross margin decreased to 39.7%, down 33 basis points YoY and 119 basis points QoQ; adjusted net profit was 1.35 billion HKD, down 1.6% YoY but up 62.1% QoQ [3]. Group 2: Order and Backlog Insights - The company secured new orders worth $482 million in Q2, up 20.2% YoY and 11.9% QoQ; backlog stood at $873 million with an order-to-ship ratio of 1.10 [4]. - Semiconductor solutions accounted for 59% of total revenue, with new orders of $213 million, down 4.5% QoQ due to uneven advanced packaging orders [4]. - SMT business showed recovery with new orders of $269 million, up 29.4% QoQ and 51.2% YoY, driven by demand from a smartphone client and AI server needs [4]. Group 3: Future Outlook and Growth Drivers - The company guided Q3 revenue to be between $445 million and $505 million, representing a 10.8% YoY increase and 8.9% QoQ growth, benefiting from improvements in advanced packaging and SMT businesses [4]. - Despite ongoing weakness in automotive and industrial markets, the increase in Q2 orders is expected to support Q3 performance [4]. - Key growth drivers include strong TCB demand, recovery in mainstream packaging equipment and SMT demand, and sales growth in the Chinese market [4]. Group 4: Strategic Developments - The company is deepening its focus on TCB, HB, and CPO, with ongoing production and shipment of TCB tools [5]. - Significant orders have been secured for photonic tools and CPO layouts, with expectations to start deliveries of HB tools in Q3 [6].

Q1 2025 Results Presentation 30th April 2025 Disclaimer The information contained in this presentation is provided for informational purpose only and should not be relied upon for the purpose of making any investment or for any other purpose. Some of the information used in preparing this presentation was obtained from third parties or public sources. The information contained in this presentation has not been independently verified. No representation or warranty, expressed or implied, is made as to, and no ...