Xinqi Micro Devices released its annual report stating that in 2023, the company achieved operating income of 829 million yuan, a year-on-year increase of 27.07%; net profit attributable to the parent company was 179 million yuan, a year-on-year increase of 31.28%; excluding non-net Profit was 158 million yuan, a year-on-year increase of 35.7%.
Entering 2024, Xinqi Micro-Device's operating performance will still maintain a rapid growth trend. In the first quarter of 2024, the company achieved operating income of 198 million yuan, a year-on-year increase of 26.26%; net profit attributable to the parent company was 39.7604 million yuan, a year-on-year increase of 18.66%; non-net profit after deduction was 36.7867 million yuan, a year-on-year increase of 33.16%.
Xinqi Micro-assembly stated that the rapid growth of performance is mainly due to the high-end trend of the PCB market. The company continues to improve the technical level in the fields of PCB lines and solder mask exposure, and has core performance indicators of equipment such as minimum line width, production capacity, and alignment accuracy. It has a high technical level and comprehensively promotes the high-end upgrade of the company's product system. With product stability, reliability, cost-effectiveness and local service advantages, the product market penetration rate has grown rapidly.
In terms of internationalization, Xinqi Micro-Device is actively building overseas sales and operation and maintenance teams to accelerate overseas market expansion. In 2022, equipment has been sold to the Japanese and Vietnamese markets. In 2023, the company's equipment has been successfully sold to Thailand, Vietnam, Japan, South Korea and Australia. In other regions, business is growing rapidly and export orders are performing well.
In terms of advanced packaging, Xinqi micro-device direct-write lithography equipment not only has the advantages of mask-free cost and convenient operation in advanced packaging, but also has great advantages in rewiring, interconnection, intelligent correction, and application for large-area chip packaging. Advantages: We are currently cooperating with well-known companies such as Huatian Technology and Shaoxing Changdian. The equipment is progressing smoothly on the client side and has received continuous repeat orders from leading advanced packaging customers in mainland China.
In terms of mask plate making, the company has diverse customer categories in the plate making field. The LDW series of mask plate making equipment that meets the 90-nanometer process node will be launched in 2023 and has been verified on the client side; in terms of new displays, direct-write lithography machine technology is gradually Instead of traditional film exposure technology, the company implements a point-to-area strategy, focusing on the NEX-W model, to penetrate the customer supply chain and promote market sales in this field.
In the field of lead frames, Xinqi Micro Packaging implements a major customer strategy and uses its product development and customer resource accumulation in the fields of WLP, PLP and other semiconductor packaging to promote the replacement of traditional stamping processes by etching processes.
In terms of new energy photovoltaics, the company actively promotes product development and industrial verification of direct-write lithography equipment in the photovoltaic field, and continues to develop in new solar cell technology fields such as HJT/Topcon/XBC. At present, it has actively cooperated with a number of leading battery companies. The equipment has been shipped to leading photovoltaic companies and overseas customers in 2023.
