Due to the upcoming industrial peak season and the beginning of warming of shipments in late June, PCB manufacturers generally expect to see significant growth in the third quarter, and actual growth will not be noticeable until the middle or late June. Because the shipment of the solar energy industry fell sharply in the second quarter, in the case of a low base period, it is expected that the third quarter will see the largest rebound, the growth momentum of smart phones and tablet computers is still good, and the photovoltaic panels will also be warmed for the first time. Due to supplier control of shipments, only a slight improvement.
(1) Short-term orders for the mobile phone board are flat, and growth is expected to be significant in the third quarter: Mobile phone brand manufacturers will introduce new models in the third quarter, which will gradually reduce the volume of orders for the old models in the second quarter, plus global market share. The largest European mobile phone makers are adjusting their operating strategies, leading to the recent decline in demand for mobile phones. As the US-based brand manufacturers will launch fifth-generation mobile phones at the end of the third quarter, they will consume a lot of HDI production capacity, and the new products will have high selling prices. It is believed that the company’s revenue and profits will rebound significantly. It is speculated that Xinxing will be affected by the decline of orders from European manufacturers in the short-term, but the orders of US-based consumer giants will pay attention to the operating performance in the third quarter. According to the industry chain information, the main board shape and design of the third-generation tablet computer are completely different from the second generation. It is not excluded that it will be sold at the same time and will not immediately replace the second generation. Soft board manufacturers such as Jiaheyi, Taichung, and Asahisoft had similar revenues in May and June. Orders began to increase in late June. The second quarter revenue was +7 to +15%, and the third quarter was +20 to +25%. Taiwan Rainbow's second quarter soft copper foil substrate -5 ~ -2%, in May because of solar backplane shipments, combined revenue will be sharply reduced, a slight rebound in June, single-quarter revenue -20 ~ -15 %, the order for the third quarter will continue to fall back, estimated +25 ~ +30%.
(2) NB market conditions are improving, but NB board suppliers are controlling profits due to poor profits: Due to the poor profitability of NB foundry and NB brand manufacturers, NB board suppliers have previously planned to revamp their products. The price reflects the cost of production, and has not received any response from customers. As a result, the selling price of NB board is lower than the production cost. The price of NBG and LG Electronics has increased by 5 to 10% in April. Customers who do not accept price increases will reduce the price. Supply, and plan to increase the proportion of other products, the global NB market share of Haobo is 45%, gold is 22%, the total market share is close to 70%, these two suppliers second quarter NB board 0 ~ +10%, estimated in the third quarter of 0 ~ +10%, are lower than the NB plant shipment outlook, reflecting the NB plant to find other NB board suppliers, that the quality of stability will decline. Hao Yubo is heading towards the development of server boards and other products, and King Electronics is trying to win orders for tablet computers.
(3) Slight heating of photovoltaic panels: Zhi Chao is the world's largest supplier of photovoltaic panels. In the past, it took advantage of the mass production advantages of economies of scale to provide competitively priced products. Although the market share increased to 25-28%, Affected by the increase in production costs, the appreciation of the Taiwan dollar, and the poor yield of the Otsuka Plant, the gross profit margin fell from 21% in the first quarter of 2010 to 12% in the first quarter of 2011. The company's price increase in May was 3%, which helps Although the average price of Zhichao's products is still lower than that of its peers, panel makers are still under pressure from their operations, and Jinding has no plans to follow up the price adjustment.
(4) Copper foil substrate price reduction in the second quarter of production costs: Because PCB manufacturers have established a certain stock of copper foil substrates in the first quarter, the purchasing power of the second quarter weakened, and the recent copper price fell from US$10,000 to US$8,500 per ton. In May, manufacturers of copper foil substrates reduced prices slightly to reflect production costs. Yu Mao, Taiwan Optoelectronics, Taiwan Yao Yao operating in the second quarter -10 ~ -5%
(1) Short-term orders for the mobile phone board are flat, and growth is expected to be significant in the third quarter: Mobile phone brand manufacturers will introduce new models in the third quarter, which will gradually reduce the volume of orders for the old models in the second quarter, plus global market share. The largest European mobile phone makers are adjusting their operating strategies, leading to the recent decline in demand for mobile phones. As the US-based brand manufacturers will launch fifth-generation mobile phones at the end of the third quarter, they will consume a lot of HDI production capacity, and the new products will have high selling prices. It is believed that the company’s revenue and profits will rebound significantly. It is speculated that Xinxing will be affected by the decline of orders from European manufacturers in the short-term, but the orders of US-based consumer giants will pay attention to the operating performance in the third quarter. According to the industry chain information, the main board shape and design of the third-generation tablet computer are completely different from the second generation. It is not excluded that it will be sold at the same time and will not immediately replace the second generation. Soft board manufacturers such as Jiaheyi, Taichung, and Asahisoft had similar revenues in May and June. Orders began to increase in late June. The second quarter revenue was +7 to +15%, and the third quarter was +20 to +25%. Taiwan Rainbow's second quarter soft copper foil substrate -5 ~ -2%, in May because of solar backplane shipments, combined revenue will be sharply reduced, a slight rebound in June, single-quarter revenue -20 ~ -15 %, the order for the third quarter will continue to fall back, estimated +25 ~ +30%.
(2) NB market conditions are improving, but NB board suppliers are controlling profits due to poor profits: Due to the poor profitability of NB foundry and NB brand manufacturers, NB board suppliers have previously planned to revamp their products. The price reflects the cost of production, and has not received any response from customers. As a result, the selling price of NB board is lower than the production cost. The price of NBG and LG Electronics has increased by 5 to 10% in April. Customers who do not accept price increases will reduce the price. Supply, and plan to increase the proportion of other products, the global NB market share of Haobo is 45%, gold is 22%, the total market share is close to 70%, these two suppliers second quarter NB board 0 ~ +10%, estimated in the third quarter of 0 ~ +10%, are lower than the NB plant shipment outlook, reflecting the NB plant to find other NB board suppliers, that the quality of stability will decline. Hao Yubo is heading towards the development of server boards and other products, and King Electronics is trying to win orders for tablet computers.
(3) Slight heating of photovoltaic panels: Zhi Chao is the world's largest supplier of photovoltaic panels. In the past, it took advantage of the mass production advantages of economies of scale to provide competitively priced products. Although the market share increased to 25-28%, Affected by the increase in production costs, the appreciation of the Taiwan dollar, and the poor yield of the Otsuka Plant, the gross profit margin fell from 21% in the first quarter of 2010 to 12% in the first quarter of 2011. The company's price increase in May was 3%, which helps Although the average price of Zhichao's products is still lower than that of its peers, panel makers are still under pressure from their operations, and Jinding has no plans to follow up the price adjustment.
(4) Copper foil substrate price reduction in the second quarter of production costs: Because PCB manufacturers have established a certain stock of copper foil substrates in the first quarter, the purchasing power of the second quarter weakened, and the recent copper price fell from US$10,000 to US$8,500 per ton. In May, manufacturers of copper foil substrates reduced prices slightly to reflect production costs. Yu Mao, Taiwan Optoelectronics, Taiwan Yao Yao operating in the second quarter -10 ~ -5%
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