Qincheng server casing factory (8210-TW) announced today (7th) January revenue of 1.11 billion yuan, an annual increase of 163%. Qincheng said that although the first quarter was outside the traditional season, due to the continuous fermentation of various projects, revenue in January set a high record for the same period in history. Qincheng is also optimistic that overall operations are expected to grow quarter by quarter as demand for AI and cloud servers increases.
Qincheng’s revenue in January was 1.11 billion yuan, a decrease of 38% from the 1.81 billion yuan in December last year, but a significant increase of 163% compared to the same period last year. Qincheng expects the first quarter to be the lowest quarter for the whole year. As the demand for AI servers increases and the cloud server market gradually stabilizes, he is optimistic that the overall operation will grow a quarter by quarter, and this year’s performance will be better than last year.
According to research firm DIGITIMES, global server shipments will grow 1.7% in the first quarter, marking the first time in the last five quarters that annual growth has resumed. The demand for traditional cloud servers has gradually stabilized, and cloud companies are also actively replenishing the load of general purpose servers, together with high interest rates and strong demand for AI servers, cloud companies have increased their efforts procurement for AI servers. In addition, GPU hardware shortages are gradually improving, further boosting server shipments.
Qincheng said that he will continue to pay attention to market needs and trends, assist PDC customers in developing high-end AI servers, and at the same time deeply develop standard server products to serve global customers. platforms and the increase in data center demand, will drive full year operations benefit.
However, Qincheng also admitted that the current global economic situation is still unclear, geopolitical risks remain, and the US Federal Reserve’s interest rate cut schedule is uncertain. We will continue to pay attention to various uncertain factors, carefully assessing the relevant impacts, and actively collaborating with customer needs.
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