Recently, Analogy pointed out that Q3 only has a stable TV performance. Both NB and Monitor products are relatively weak, especially with the largest decline in Monitor, which has dragged Q3 into profit. Looking forward to Q4, Analogy said that the demand for TV is about the same as that of Q3, but due to entering the traditional off-season, NB and Monitor will continue to weaken. Therefore, even if Q3 is not prosperous in the peak season, it will be difficult to mitigate the drop in Q4 battalion. It is estimated that it will remain the same. The same two-year percentage decline occurred in previous years.
The analogy Q3 revenue season decreased by 18.18% to only 305 million yuan (NTD, the same below), the gross profit margin and the profit rate were 24.82% and 7.63%, respectively, which were significantly lower than Q2's 27.5% and 12.18%. The net profit was 34.48% in the quarter, only 21.509 million yuan, and the single-sea EPS was 0.55 yuan.
In terms of the product portfolio of Analog Q3, Monitor accounts for 40% of the highest revenue, NB and TV each account for 25%, and other products (including LED driver ICs, buffers, etc.) account for 10%.
For Q3, the profit decline is obviously more severe than the revenue. The analogy explained that there are three main reasons: First, panel customers have continued to demand price cuts due to poor environmental conditions, resulting in ASP slippage; the second is exchange rate impact, compared with Q2 has an exchange interest of about 7 million yuan, and Q3 has a remittance loss of 9 million yuan. Once again, the analogy department has started to take back some of the agents' business operations since September, so it has increased a lot of discount fees.
At the beginning of the year, Analogy indicated that it will start the conversion of the 8-inch process this year. It is hoped that the products of the 8-inch process will account for 15% of the total revenue. However, the analogy said that since the first 8-inch product production time was deferred from Q3 to Q4, this target may not be reached this year.
The analogy Q3 revenue season decreased by 18.18% to only 305 million yuan (NTD, the same below), the gross profit margin and the profit rate were 24.82% and 7.63%, respectively, which were significantly lower than Q2's 27.5% and 12.18%. The net profit was 34.48% in the quarter, only 21.509 million yuan, and the single-sea EPS was 0.55 yuan.
In terms of the product portfolio of Analog Q3, Monitor accounts for 40% of the highest revenue, NB and TV each account for 25%, and other products (including LED driver ICs, buffers, etc.) account for 10%.
For Q3, the profit decline is obviously more severe than the revenue. The analogy explained that there are three main reasons: First, panel customers have continued to demand price cuts due to poor environmental conditions, resulting in ASP slippage; the second is exchange rate impact, compared with Q2 has an exchange interest of about 7 million yuan, and Q3 has a remittance loss of 9 million yuan. Once again, the analogy department has started to take back some of the agents' business operations since September, so it has increased a lot of discount fees.
At the beginning of the year, Analogy indicated that it will start the conversion of the 8-inch process this year. It is hoped that the products of the 8-inch process will account for 15% of the total revenue. However, the analogy said that since the first 8-inch product production time was deferred from Q3 to Q4, this target may not be reached this year.
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