Mude Semiconductor and COF equipment are growing strongly, and this year continues to grow.
Mude semiconductor, semiconductor, COF testing equipment
Mude (3563) has a revenue of 671 million yuan in the first quarter of this year (2019), an annual increase of 18.50%, and an EPS of 6.13 yuan, a record high in the same period of the previous year. Looking ahead to the market, Mude pointed out that this year's hard-board expansion is more conservative. The soft board manufacturers continue to expand the demand of the factory and stabilize the goods. The kinetic energy of the whole year mainly comes from the pulling effect of semiconductor and COF testing equipment. The legal person expects that the operation in the second half of the year should be better than the first half according to the current order visibility and industry mastery. Driven by the significant growth of semiconductor and COF equipment throughout the year, operating performance is expected to continue to grow compared to last year.

On the other hand, the company has established four companies in the Bethel Unicorn Breeding Center established by the core business tentacles. The goal is to move toward the IPO within two years. In the first quarter of this year, Mude's revenue was 671 million yuan, an annual increase of 18.50%, operating profit of 317 million yuan, an annual increase of 25.51%, net profit after tax of 261 million yuan, an annual increase of 29.94%, EPS of 6.13 yuan, a record high for the same period of the previous year. Looking forward to the market, Mude pointed out that this year's hard-board plant expansion needs are more conservative. Fortunately, Mude equipment can reduce the manpower allocation of hard-board factories, so there is still relatively support, and the performance of hard-board shipments is flat throughout the year; The industrial ecology is Evergrande, and the application end continues to increase (such as vehicles, TWS, etc.), so the large-scale factory continues to expand the demand for the plant, this year's soft-board equipment shipment performance is stable (the soft-board equipment shipment base period is higher last year) ); this year's kinetic energy is mainly for the semiconductor and COF testing equipment.

The legal person expects that according to the current order visibility and industry mastery, the operation in the second half of the year should be better than the first half of the year. The operating performance is expected to continue to grow compared to last year, driven by the significant growth of semiconductor and COF equipment. In the second quarter, it is expected to enter the peak season of traditional equipment shipments in the second quarter, and it is expected that the shipment of semiconductor equipment in May and June will be expected to rise in the second quarter. Overall, the second quarter revenue performance is positive. Sustainable can be better than the same period last year. The legal person believes that the gross profit margin of Mude's product line can stand at 60%, among which semiconductor-related equipment is better. In the second quarter, semiconductor shipments will rise, which will help optimize gross margin performance.

Under the Sino-US trade war and Huawei incident, what is the view of Mude on the market conditions of the follow-up equipment? In this regard, Mu De pointed out that the trade war affects the customer's capital expenditure investment intention is the most in the second half of last year. At present, it has passed the worst period, the order mastery is relatively clear, and the recent trade war situation is intensifying. However, most of the customers have made some preparations in the second half of last year. At present, because the situation is more severe, Chinese manufacturers are more serious about the feasibility of increasing the proportion of procurement in Asia's supply chain, and are more open to Asian materials and equipment manufacturers. ,enthusiastic attitude.

On the other hand, the company has established four companies in the Bethel Unicorn Breeding Center established by the core business tentacles. The goal is to move toward the IPO within two years. Wang Guangxia, chairman of Mude, said that she had spent more than 10 years on IPO and also took some roads. The establishment of the Unicorn Incubation Center will help the company quickly establish management system and brand through the experience of Mude. , IPO, and focus on the AI, Internet of Things, big data, blockchain and other four areas related to the future value of the equipment, and strengthen the future competitive conditions.

Wang Guangxia pointed out that Muddy Optics and Otto Wei Xun, who have been bred in the past two years, have already made a profit in 2018, so they will have greater confidence in the success of the future breeding center and expect the future Bethel Unicorn. The breeding center aims to increase the number of new blood of at least 10 startup companies each year. (Photo: left to right is Chen Fusheng, general manager of Mude, chairman of the board of directors Wang Guangxia, director of the Yucheng Center, An Baojie)