Global Wafer (6488-TW) announced its 1Q19 earnings report today on May 7th. Its 1Q19 GM grew to 41% and its 1Q19 operating profit margin reached 33.35%, both of which setting new highs. The company’s 1Q19 net profit was NTD3.863bn (+3.84% QoQ, +39% YoY) with EPS of NTD8.88, hitting another new high.
Global Wafer's 1Q19 consolidated revenue was NTD15.591bn (-0.2% QoQ, +12.09% YoY). Its 1Q19 GM was 41% (+2.49% QoQ, +4.86% YoY). Its 1Q19 operating profit margin reached 33.35% (+2.63% QoQ, +5.14 % YoY). The company’s 1Q19 net profit was NTD3.863bn (+3.84% QoQ, +39% YoY) with EPS of NTD8.88.
Due to the inventory adjustment of the semiconductor industry, the demand is weaker in the market. In addition, the spot price was under pressure. Therefore, Global Crystal's 1Q19 revenue did not hit a new high. However, catalyzed by a higher portion of long-term contracts and higher prices, its 1Q19 revenue was the second highest in its history and its 1Q19 net income and EPS increased accordingly.