Hefei Chipmore Technology (688352)2024-10-17 09:44Revenue Breakdown by Application - Smartphones account for approximately 51% of revenue in display business [1] - High-definition TVs contribute around 36% of display business revenue [1] - Laptops represent about 6% of display business revenue [1] - Power management chips constitute approximately 56% of non-display business revenue [1] - RF front-end chips account for nearly 38% of non-display business revenue [2] Technology and Market Trends - Copper-nickel-gold bump technology offers cost advantages and improved flexibility for wire bonding [2] - AMOLED revenue share reached approximately 26% in 2024 (Jan-Sep) [2] - Non-display chip testing business accounted for about 8% of Q3 2024 revenue [3] Financial and Operational Updates - Asset impairment loss of 4.16 million in Q3 2024 due to inventory write-down [3] - Share-based payment expenses totaled approximately 16 million in Q3 2024 [3] - Advanced packaging and testing base project delayed due to equipment procurement and customer certification challenges [2] Market Outlook - Global economic recovery remains slow with uncertain prospects [3] - Small-size display panel demand shows significant growth in urgent orders [3] - Large-size display panels expected to see inventory replenishment in Q4 [3] - AMOLED penetration continues to increase but growth rate below expectations [3] - Cu bump for PMIC market reached record high in Q3, expected to slightly decline in Q4 [3] - DPS for RF front-end chips saw reduced demand in Q3 compared to Q2 [3]