Announcement time of this financial report: 2023-10-27 16:48:58

Majestic Technology (Stock Code: 688216) is a company specializing in integrated circuit packaging and testing, belonging to the integrated circuit manufacturing industry in the computer, communications and other electronic equipment manufacturing industries. The purpose of packaging is to protect the chip, enhance the heat dissipation performance, and facilitate the connection of the chip to the printed circuit board and so on. Testing is to evaluate the function and performance of the chip in order to screen out defective or non-compliant products.

In terms of assets and liabilities, the total assets of majestic Technology in the third quarter of 2023 were 1.866 billion yuan, an increase from 1.788 billion yuan at the end of last year. The total liabilities amounted to 1.091 billion yuan, up from 898 million yuan at the end of last year. The net asset was 774 million yuan, down from 890 million yuan at the end of last year. The asset-liability ratio was 58.49%, up from 50.24% at the end of the previous year.

In terms of profits, the operating income of majestic Technology in the third quarter of 2023 was 405 million yuan, which was not much different from that of 408 million yuan in the same period last year. However, operating costs were 460 million yuan, up from 373 million yuan in the same period last year, resulting in a gross profit margin of-13.45%, down from 8.46% in the same period last year.

In terms of cash flow, the cash inflow from operating activities in the third quarter of 2023 was 382 million yuan, down from 473 million yuan in the same period last year. Cash outflow from operating activities totaled 383 million yuan, down from 523 million yuan in the same period last year. Net cash flow from operating activities was-293500, an improvement over the same period last year.

To sum up, the operation of majestic science and technology faces certain challenges in the third quarter of 2023. Affected by the international economic environment, the market of terminal consumer electronics is in the doldrums, and the global semiconductor industry is in a downward cycle. The domestic semiconductor industry is facing the superposition of product cycle, capacity cycle and inventory cycle, resulting in a historically low demand for closed testing. The driving rate of closed test manufacturers is low, and the downstream demand is weak. However, as an important part of the integrated circuit industry chain, majestic technology is expected to benefit from the recovery of the global semiconductor industry.

For investors, although majestic technology is currently facing some challenges, its professional ability and market position in the field of integrated circuit packaging and testing are still worthy of recognition. Investors can focus on the recovery of the global semiconductor industry and the performance of majestic technology in the process in order to make more informed investment decisions.

This article only represents the judgment made by the analyst himself or the analyst on the basis of AI analysis, and can not be used as any investment index, nor does it constitute any investment advice. The original intention of this paper is to help investors analyze and judge the capital market data in the most intuitive and fast way and from the most professional perspective.