IC Design MediaTek (2454) consolidated revenue of RMB 7.528 billion in January, a decrease of 44.57% from RMB 13.582 billion in the same period of last year and a decrease of 5.22% from the consolidated revenue of RMB 7.943 billion in the previous month. Due to the reduction in the working days of the Lunar New Year in February, it is expected that the February revenue will decline again in January. It is only in March that the revenue is expected to restart the camp sports energy and return to above 8 billion yuan per month.
In his January 31st Law Facilitation Meeting, MediaTek General Manager Xie Qingjiang pointed out that due to the traditional off-season effect of consumer products and personal computers, and the reduction in the number of working days in February, the consolidated revenue in the first quarter will slip to NT$19,500 million to 210. Billion yuan, quarterly reduction of 7% to 14%. Therefore, deduction of January consolidated revenue of 7.528 billion yuan and the number of working days in February decreased, it is expected that March consolidated revenue will return to 8 billion yuan.
Affected by changes in the product mix and the appreciation of the NT, Xie Qingjiang expects that the gross profit margin in the first quarter will also continue to slide to 45% to 47%, down 2.2 to 4.2% from the fourth quarter of last year. Citigroup Global Securities estimates that MediaTek EPS will be less than RMB 3 in the first quarter of this year.
With the launch of new products, Xie Qingjiang hopes that the gross margin will fall in the second quarter.
In his January 31st Law Facilitation Meeting, MediaTek General Manager Xie Qingjiang pointed out that due to the traditional off-season effect of consumer products and personal computers, and the reduction in the number of working days in February, the consolidated revenue in the first quarter will slip to NT$19,500 million to 210. Billion yuan, quarterly reduction of 7% to 14%. Therefore, deduction of January consolidated revenue of 7.528 billion yuan and the number of working days in February decreased, it is expected that March consolidated revenue will return to 8 billion yuan.
Affected by changes in the product mix and the appreciation of the NT, Xie Qingjiang expects that the gross profit margin in the first quarter will also continue to slide to 45% to 47%, down 2.2 to 4.2% from the fourth quarter of last year. Citigroup Global Securities estimates that MediaTek EPS will be less than RMB 3 in the first quarter of this year.
With the launch of new products, Xie Qingjiang hopes that the gross margin will fall in the second quarter.