ASMPT (00522) is now up more than 7%. As of press release, it is up 6.53% to HK$101.9, with a turnover of HK$135 million.
The Zhitong Finance App learned that ASMPT (00522) is now up more than 7%. As of press release, it has risen 6.53% to HK$101.9, with a turnover of HK$135 million.
According to the news, ASMPT announced its results for the first quarter ended at the end of March this year. Sales revenue for the period was HK$3.14 billion (US$401 million), down 19.9% year on year and 7.8% month on month; the Group's profit after comprehensive tax deduction for the first quarter of 2024 was HK$177 million, down 43.7% year on year, up 1.32 times month on month.
During the period, the total number of new orders was 3.2 billion yuan, down 9.8% year on year and 17% month on month. The increase in total new orders in the first quarter was mainly driven by demand for the Group's advanced packaging (AP) solutions. The Group's interconnect solutions include thermocompression welding (TCB), hybrid welding (HB), and crystal cladding (FC) high-precision crystallization, mainly driven by artificial intelligence. Together with advanced packaging (SiP) packaging tools from the Surface Mount Technology Solutions division, these all contributed greatly to the Group's total number of new advanced packaging orders in the first quarter of 2024.
According to the announcement, the Group's sales revenue forecast for the second quarter was between US$380 million and US$440 million, down 17.6% year on year and up 2.2% month over month in median terms. The slight month-on-month increase was mainly due to increased sales revenue in the Semiconductor Solutions segment, but the increase was partially offset by a decrease in sales revenue in the Surface Mount Technology Solutions segment. Furthermore, with a broad product portfolio, the Group remains optimistic about its long-term prospects and growth potential.