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China Precision Measurement Technology Co., Ltd. today (3rd) announced the revenue report for June 2024, with a monthly consolidated revenue of 276 million yuan, an increase of 22.1% compared to the previous month and an increase of 2.5% compared to the same period last year; the consolidated revenue for the second quarter was 723 million yuan, an increase of 7.0% compared to the previous quarter, but a decrease of 2.9% compared to the same period last year; the cumulative consolidated revenue for the first six months reached 1.398 billion yuan, a decrease of 1.5% compared to the same period last year. The performance in the first half of this year met expectations, and the latest 2023 ESG sustainability report was disclosed on June 28; as we enter the traditional peak season of the third quarter, the annual consolidated revenue is moving towards a double-digit growth target.
The company benefited from the increasing demand for advanced packaging testing interfaces related to next-generation smartphone chips (AP), high-performance computing (HPC), and graphics processing units (GPU). In June, revenue set a new monthly record for the year, with orders for AI smartphone chip-related probe cards and test boards being the main growth drivers. Additionally, long-term wafer-level test board orders for HPC advanced packaging began to contribute to revenue starting from that month.
Overall, in June, the proportion of combined revenue from probe cards increased by over 40%. By the end of the second quarter of this year, a clear industry recovery was evident, and the industry officially entered the traditional peak season in the third quarter. Our company will launch a new self-made three-in-one mixed probe card and continue to improve orders related to advanced packaging wafer-level test boards that meet the needs of GPU, AI smartphones, or server-related chips. Based on current visibility, our company's performance in the second half of this year is expected to outperform the first half.
In the ESG development process, our company received the highest score group in the "Top 5% of OTC Companies" in the 10th Corporate Governance Evaluation awarded by the Taiwan Securities Authority in June this year. This is the third consecutive time our company has been honored as one of the top 5% outstanding companies among OTC companies, demonstrating our recognition by third-party evaluation systems from the CSR to ESG stages. Upholding the corporate spirit of 'there are only milestones, no finish lines,' we recently completed the latest version of the ESG sustainability report. The report indicates that this year our company officially launched the "CHPT BY AI" plan, hoping to improve operational performance through AI digital management and cultivate talent to enhance the company's human resource structure, thereby fulfilling our ESG corporate sustainability responsibilities. For more related information, please visit our company's official website.www.chpt.com。(文末)
Note: ESG stands for Environmental Protection (E, Environment), Social Responsibility (S, Social), and Corporate Governance (G, Governance).
About Chungwa Precision Technology Co., Ltd.
CHPT (English abbreviation; TPEX stock code 6510) was established in 2005 after being spun off from the ChungHwa Telecom Research Institute. Since its establishment, the company has been committed to breaking traditional frameworks to develop advanced semiconductor testing interface technology, gathering talents from various fields such as M (Mechanical), E (Electrical), C (Chemical), and O (Optical) to construct a complete AI automated production environment. This enhances the competitiveness in Q (Quality), C (Cost), T (Technology), D (Delivery), and S (Service). With a unique "All In House" business model, the company collaborates with various clients in the semiconductor industry to rapidly innovate and create win-win situations in the ever-evolving technology sector.
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