MiniLED business gains momentum, Taiwan Watch Division has good operating prospects in the second half of the year

Taiwan Meter Technology announced its latest revenue on August 7. Revenue in July was 4.121 billion yuan (NT$, the same below), a monthly decrease of 0.82% and an annual decrease of 32.55%. It has remained stable at 4.1 billion yuan for three consecutive months. Revenue in the first seven months was 25.719 billion yuan, an annual decrease of 35.09%. Taiwan Watch Technology's third-quarter revenue increased due to the increase in the number of MiniLED parts, and the legal person is optimistic about the market outlook.

Taiwan's revenue in the second quarter of 2023 was 12.189 billion yuan, with a gross profit margin of 11.32%, a quarterly increase of 1.91 percentage points, and an annual decrease of 0.49 percentage points. The after-tax net profit was 632 million yuan, a quarterly increase of 1.22 times, an annual decrease of 24.75%, and a single quarter special love of 2.16 yuan.

Taibiao's revenue in the first half of 2023 was 21.598 billion yuan, with a gross profit margin of 10.49%, a year-on-year decrease of 1.81 percentage points, and after-tax net profit of 917 million yuan, a year-on-year decrease of 55.56%, with a net profit per share of 3.13 yuan.

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Taiwan Electronics Co., Ltd. is a professional SMT manufacturer from Taiwan. The application categories of Taiwan Electronics' service products include TFT-LCD accounting for 45%, Mini LED related products accounting for 30%, and other products accounting for 25%.

Taiwan Watch Technology plans to add new overseas factories in Mexico and Vietnam, and will gradually open production capacity from 2023. This is also the new production line that Taiwan Watch Technology has developed overseas after India, mainly to meet the needs of customers.

Taiwan Watch's production lines currently have 220 SMT lines, located in Taiwan, Dongguan, Suzhou, Ningbo, Xiamen, Xianyang, Hefei, Chongqing, Chengdu and India. In 2023, it is estimated that factories in Henan Province, Vietnam and Monterrey, Mexico will be built, and the total production lines will be expanded to 230. (Source: juheng.com)