[High-tech LED News] Taiwan sapphire substrate factory Zhaoyuan Technology (4944-TW) will be traded on the shelves on May 31, and officially finalized the listing price. The listing price will be revised from the original NT$66 to 60 yuan. 10,000 pieces, raising NT$600 million.
Zhaoyuan’s Q1 revenue this year was NT$911 million, gross profit margin was 13.95%, profit after tax was 74.83 million yuan, and profit per share was 1 yuan. The gross profit margin fell from the average of 28.2% last year because customers adjusted inventory and caused ASP to decline. As well as the average cost of stocking raw sapphire crystal rods in response to stocking requirements, the product portfolio will be optimized and new customers will be added in the future.
Zhaoyuan had a positive stocking last year, so Q1 has some problems with high-priced stocks. The price trend for future sapphire substrates will mainly depend on the price of the ingot. Regardless of whether the price of the crystal rod rises or falls, Zhaoyuan said that it will pass back the cost increase or the cost reduction to the customer. In addition, it will strengthen the price. Gross margin modeled sapphire shipments to improve the company's overall gross margin.
Zhao Yuan pointed out that this year Q1 was significantly reduced by the customer's crystal power gross margin by more than 10 percentage points. In the future, there will be stronger price cuts for the upstream sapphire substrate factory. In order to avoid the gross profit margin being revised, the company will actively expand the Chinese market and choose to be competitive. And the creditworthy manufacturers cooperate to find new customers to join.
Zhaoyuan’s Q1 revenue this year was NT$911 million, gross profit margin was 13.95%, profit after tax was 74.83 million yuan, and profit per share was 1 yuan. The gross profit margin fell from the average of 28.2% last year because customers adjusted inventory and caused ASP to decline. As well as the average cost of stocking raw sapphire crystal rods in response to stocking requirements, the product portfolio will be optimized and new customers will be added in the future.
Zhaoyuan had a positive stocking last year, so Q1 has some problems with high-priced stocks. The price trend for future sapphire substrates will mainly depend on the price of the ingot. Regardless of whether the price of the crystal rod rises or falls, Zhaoyuan said that it will pass back the cost increase or the cost reduction to the customer. In addition, it will strengthen the price. Gross margin modeled sapphire shipments to improve the company's overall gross margin.
Zhao Yuan pointed out that this year Q1 was significantly reduced by the customer's crystal power gross margin by more than 10 percentage points. In the future, there will be stronger price cuts for the upstream sapphire substrate factory. In order to avoid the gross profit margin being revised, the company will actively expand the Chinese market and choose to be competitive. And the creditworthy manufacturers cooperate to find new customers to join.
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