ASE Investment Holdings (3711-TW) announced today (15) that the net profit after tax in the fourth quarter will reach 10.04 billion yuan, an increase of 49.62% quarterly and an annual increase of 57.35%. The net profit per share after tax is 2.35 yuan. The annual net profit after tax was 27.594 billion yuan, an annual increase of 63.77%, and the net profit after tax per share was 6.47 yuan; benefited from the strong demand for packaging and testing, ASE earned nearly 10 billion yuan in a single quarter, and the annual net profit per share also hit a record high.
ASE’s revenue in 2020 is 476.979 billion yuan, of which semiconductor packaging and testing revenue is 280.297 billion yuan, electronic foundry service revenue is 204.723 billion yuan, and overall operating net profit is 34.878 billion yuan, an annual increase of 48.25%.
In the first half of this year, ASE Investment Holdings benefited from strong demand for home offices such as laptops. In addition to Huawei’s rapid pull of goods before the ban, revenue hit a new high during the same period. In the second half of the year, despite the Huawei’s ban, the production capacity went through a transitional period, and the other Customers fill.
Recently, with the rapid heating up of automotive demand, ASE’s wire-bonding and packaging production capacity is in short supply. The gap is as high as 3-4%. Prices have also been raised, which has pushed up profit growth. In addition, US mobile phone customers have reported good sales. Throughout the first half of the year.
ASE Investment Control also signed long-term agreements (LTA) with customers due to the tensions in the semiconductor supply chain, which helped the company maintain a certain level of utilization when market demand slowed down.
Foreign investment is optimistic. Despite the continuous rise of the New Taiwan Dollar, ASE’s gross profit margin can still gradually increase in the next few quarters. It is optimistic that the gross profit margin of this year will reach 24%, which is a significant increase from about 22% in 2019.
Foreign investment estimates that ASE’s revenue this year will exceed 500 billion yuan in one fell swoop, reaching 530 billion yuan, an annual increase of 13.13%, after-tax net profit of 29.1 billion yuan, an annual increase of 16.49%, and after-tax net profit of 6.84 yuan per share.