芯碁微装(688630) - 投资者关系活动记录表

Financial Performance - The company's cash flow for the first nine months of 2023 was primarily affected by strategic inventory stocking, with expectations for improvement in Q4 [2] - The gross profit margin and net profit (excluding non-recurring items) are influenced by project acceptance progress and overall industry order rhythm, which are within normal fluctuation ranges [2] - As of Q3 2023, the revenue from the general semiconductor sector accounted for approximately 21%, showing rapid growth compared to previous periods [4] Market and Customer Engagement - The company has established advantageous positions in advanced packaging, collaborating with well-known clients such as Huada Technology and Shenghe Jingwei, with ongoing volume production and stability testing [2] - The PCB industry experienced weak demand in the first half of the year, but there has been a recovery in demand for mid-to-high-end equipment starting Q3, with a positive order trend expected for Q4 [3] - The overseas business strategy has been a key focus, with the company exceeding its overseas order targets for the year, driven by the expansion of PCB production to Southeast Asia [3] Product Development and Innovation - The company’s equipment orders for IC substrates have shown exceptional performance, with a revenue growth rate exceeding 50% compared to the entire revenue of 2022 [5] - The company is accelerating its layout in new areas such as advanced packaging, new displays, and power discrete devices, aiming to enhance domestic production rates and speed up R&D and market promotion [4] - The advanced packaging sector benefits from strong capabilities in intelligent correction, with the WLP 2000 series products featuring multiple optical engines for enhanced performance [7] Operational Insights - The average delivery time for PCB mass production models is typically 15-20 days, with verification cycles ranging from 1-3 months [6] - The company anticipates sustainable order growth driven by major customer strategies and overseas orders, alongside technological upgrades in high-density interconnect boards and soft boards [6] - The product mix in PCB business is shifting, with over 30% of the business coming from solder mask equipment, and a projected change in the order distribution for high, medium, and low-end products [6]