The first financial report is disclosed

Taiwan stocks made quite good profits in the first quarter of the year. AI servers increased their shipments. From upstream TSMC equipment to component suppliers, they all delivered brilliant results in their first-quarter financial reports; construction of heavy electronics, shipping, automotive AM components and domestic demand In addition, financial profits have also grown significantly.
[Text/Fang Yashen] The market has been clamoring for the United States to cut interest rates, but the time has been delayed again and again. Geopolitics has affected the transportation of raw materials and inflation cannot be reduced. Now the latest expectations are that interest rates will be cut in September and December, so the U.S. dollar index is relatively strong.
The Taiwan dollar depreciated by 4.0% in the first quarter. Taiwan\’s export value in the first quarter was US$110.3 billion, which was the highest year-on-year increase in the same quarter in previous years. 9%, the strongest growth rate in seven quarters.
Mainly supported by the application of AI, the export of information communication and audio-visual products in March was written on 126. US$500 million, increasing by one per year. Sixty-five times, and the proportion of exports has reached 30. Three new high records, including 3%, show that the performance of Taiwan-listed OTC companies and related export companies have grown significantly. The most upstream TSMC related to the AI ​​industry and advanced packaging equipment manufacturers Wanrun, Xinyun, Hongsu, Junhua, Hantang not only achieved outstanding performance and profits compared with the same period last year, but also jumped three levels and was promoted to a high EPS company.
TSMC’s share price hits a high. The recovery of the semiconductor boom this time is mainly driven by AI, from upstream wafer foundry to downstream AI server assembly foundry. The big brothers and peripheral companies that supply AI server components have grown most obviously in heat dissipation, including Qihong. The single-quarter EPS growth of , Shuanghong, Jiance, and Lizhi all started at 50% compared with the same period last year.
The situation of Qincheng and Yingbang of the casing and Chuanhu of the slide rails is also the same.
In fact, from TSMC\’s continuous investment in advanced packaging and the increase in the annual growth rate of AI shipments, it can be seen that the performance of related companies will be good.
In the past, wafer foundries were moving towards continuous shrinkage from five nanometers and three nanometers to two nanometers and one nanometer. The amount of investment in four nanometers is not generous. TSMC is also setting up wafer foundries from south to north in Taiwan; on the other hand, it is moving towards stacking and tying GPU, HBM (High-Performance Memory), etc. together for packaging. This requires moving towards CoWoS advanced In terms of packaging, TSMC technology is also at the forefront. AI customers are waiting to pick up the goods in cash.
The next stage of technology, SoIC, also requires TSMC to produce more advanced packaging equipment to meet customer needs.
TSMC\’s first quarter EPS was 8. Seven yuan has reached the high estimate, and second-quarter revenue is expected to be between 19.6 and 20.4 billion U.S. dollars. It is expected to increase by about 3% quarter-to-quarter. Nine to eight percent average about six percent.
And this year will return to the long-term revenue growth track of 15 to 20% compound annual growth. In addition, advanced packaging continues to be in short supply. CoWoS production capacity is expected to increase this year; it is expected that server AI processors will become high-speed computing (HPC) platforms in the next few years. The strongest driving force is also the largest contributor to revenue growth.
In addition, orders for advanced manufacturing processes from Apple and the top five American technology giants accounted for more than 60% of revenue, and revenue in April was as high as 2,360. 2.1 billion yuan is the second highest in history. The legal person predicts that EPS will have the opportunity to challenge 40 yuan this year.
The key point is that the recently announced increase in quarterly dividends to four yuan will also set the stock price to a record high.
Especially after the Taiwan stock market reached around 21,000 points and other stocks rose, unless the US stock market crashed, TSMC\’s upward trend would remain unchanged.
There are very few large companies where customers are paid to queue up to pick up goods, and their annual revenue growth is approaching 20%! Asus\’s stock price hit a new high this century, while TSMC continued to increase its CoWoS production capacity. At least in Longtan, Zhunan, Zhongke, and Nanshan Science and Technology, it announced that it would add factories in Chiayi. It is estimated that the monthly production capacity this year will reach three. Sixty thousand pieces (double compared to last year), increasing to 50,000 pieces next year and continuing to expand in 2026.
Therefore, the revenue of Wanrun, Xinyun, Hongsu and Junhua from machinery and equipment is expected to increase.
The mid- and long-term performance of major supply chains such as KYEC, Taixing, SiGe, Hongcon, and consumables required for 3-nanometer and 2-nanometer nanometers such as Jiadeng and Zhongsao in packaging, testing and testing are also promising.
Yongzhi Technology, a subsidiary of MediaTek, stormed the AI ​​processor supply chain. Beta orders were quite strong. First quarter EPS 4. 42 yuan hit the highest level in the past eight quarters. Last year, the company\’s EPS was 13. ○ It is estimated that the price of 7 yuan will have a chance to challenge around 18 yuan this year. Please note that the PE is not high.
Another high-profit company that makes probes, Prosilicon, had an EPS of 4 in the first quarter. The stock price of 18 yuan has approached 450 yuan.
In addition, the equipment factory selected by many ETFs also had six EPS in the first quarter of Han and Tang Dynasties. 79 yuan compared with 6 yuan last year. ○One yuan growth estimate this year\’s EPS will also have the opportunity to push up to 25 yuan, and the PE is not high.
There are quite a few high EPS suppliers raised by one company, TSMC, and they are worthy of being the sacred mountain that protects the country! As for AI server manufacturer Wiwynn, its first-quarter EPS was 26. The price of 92 yuan ranked second among Taiwan stocks, compared with 18 yuan in the same period last year. Eighty-six yuan has grown significantly.
Mobile phone chip maker MediaTek also delivered EPS 19 in the first quarter. With a score of 85 yuan, it has taken the lead in launching AI mobile phone chips, and the Dimensity 9300 chip has become the first choice for mainland manufacturers; in addition, the company has continued to increase its business development alliance targets and has also cooperated with Huida to develop ARM-based AI PCs. The processor is expected to enter verification in the fourth quarter. This new chip will cost up to US$300. MediaTek will not only use this cooperation with Huida to achieve success, but also become the third leg of the company\’s operations.
In addition to high-speed transmission companies such as Xiangshuo and Parade KY, remote control chip company Xinhua, Silicon Intellectual Property\’s Shixin KY, Liwang, and branded Asus, there are quite a few AI-related technology stocks.
(Full text not yet completed) Source: Issue 2300 of \”Xiantan Investment Weekly\” For more exciting content, please go to \”Xiantan Investment Weekly\”

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