According to media reports, TSMC may launch new price increase negotiations in the second half of the year, mainly targeting 5nm and 3nm, as well as future 2nm processes. It is expected that the price increase decision will take effect as soon as 2025. The advanced packaging quotation for 2025 will also increase by 10-20%.
Changdian Technology and Tongfu Microelectronics ranked in the top 5 in terms of global outsourcing testing market share. As of the noon close on June 18th, Changdian Technology closed slightly red at 31.29 yuan per share. Tongfu Microelectronics fluctuated in the morning, closing flat at 23.96 yuan per share.
Regarding the rumor of TSMC's advanced packaging price increase, Southern Finance and Economics reporters contacted the investor relations departments of Changdian Technology and Tongfu Microelectronics as investors.
According to sources from Changdian Technology, this is a supply-demand relationship. If TSMC's production capacity exceeds supply and there is a price increase, it should lead to the transfer of some production capacity to other manufacturers, which will be beneficial for us. However, we have not yet learned whether we will raise prices. The person stated that the current 3nm/5nm technology may not be mature, but the production capacity above it may be transferred or replaced.
According to relevant personnel from Tongfu Microelectronics, we have not received any price adjustment news at present, possibly because we are not a particularly frontline department. At present, the impact is not very significant.
After experiencing the performance winter of 2023, the ice in the packaging and testing industry is gradually melting. In 2023, the net profits of Changdian Technology and Tongfu Microelectronics both decreased to varying degrees.
In 2023, Changdian Technology, the leading company in A-share testing, achieved a revenue of approximately 29.661 billion yuan, a year-on-year decrease of 12.15%; The net profit attributable to shareholders of the listed company was approximately 1.471 billion yuan, a year-on-year decrease of 54.48%.
The second ranked Tongfu Microelectronics had a revenue of approximately 22.269 billion yuan in 2023, an increase of 3.92% year-on-year; The net profit attributable to shareholders of the listed company was approximately 169 million yuan, a year-on-year decrease of 66.24%.
In the first quarter of 2024, the net profits of both companies increased one after another.
Changdian Technology's revenue in the first quarter of 2024 was approximately 6.842 billion yuan, an increase of 16.75% year-on-year; The net profit attributable to shareholders of the listed company was approximately 135 million yuan, an increase of 23.01% year-on-year.
Tongfu Microelectronics achieved a revenue of 5.282 billion yuan in the first quarter of 2024, a year-on-year increase of 13.79%; Realized a net profit of 98.49 million yuan, a year-on-year increase of 2064.01%.
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