Net profit is expected to increase by more than 7 times! Will shares' performance in the first half of 2024 surged.

Recently, the leading semiconductor company Weill Co., Ltd. issued a pre-increase announcement for the first half of the year. It is expected to achieve operating income of 11.904 billion yuan to 12.184 billion yuan, a year-on-year increase of 34.38% to 37.54%; net profit attributable to the parent company is 1.308 billion yuan to 1.408 billion yuan, a year-on-year increase of 754.11%. % to 819.42%.

As for the reasons for the performance growth, Weir Shares disclosed that firstly, market demand continues to recover in the first half of 2024, and downstream customer demand has increased. With the company's product introduction in the high-end smartphone market and the continued development of autonomous driving applications in the automotive market, Penetration, the company's operating income has achieved significant growth; secondly, because the company actively promotes product structure optimization and supply chain structure optimization, the gross profit margin of the company's products has gradually recovered, and the overall performance has significantly improved.

It is worth noting that in the first quarter of 2024, Weil's net profit attributable to its parent company was 558 million yuan. In 2023, Weil's net profit attributable to its parent company will be 556 million yuan. This means that Weil's net profit attributable to the parent company in the first and second quarters of 2024 will exceed the full-year level in 2023.

01 Semiconductor companies

In fact, in addition to Vail, many semiconductor companies such as Montage Technology and VeriSilicon have delivered outstanding performance and operating data.

On July 6, Montage Technology announced that its revenue in the first half of this year is expected to be 1.665 billion yuan, a year-on-year increase of 79.49%; net profit attributable to the parent company is 583 million to 623 million yuan, a year-on-year increase of 612.73% to 661.59%. Based on this calculation, the company's net profit attributable to its parent company in the second quarter of this year is expected to hit a record high in a single quarter.

It said that since the beginning of this year, the company's memory interface and module supporting chip demand has achieved restorative growth, and some new AI "capacity" chip products have begun to be shipped on a large scale, contributing to new performance growth points.

02 Announcement for other companies

On July 1, VeriSilicon announced that it expected revenue in the second quarter of this year to be 610 million yuan, a month-on-month increase of 91.87% and a slight year-on-year decline.

On June 26, Espressif Technology announced that it expects to achieve a net profit attributable to the parent company of approximately 119 million yuan from January to May, a year-on-year increase of 123.51%.

On June 18, Baiwei Storage expected to achieve revenue of 3.1 billion to 3.7 billion yuan in the first half of the year, a year-on-year increase of 169.97% to 222.22%; the net profit attributable to the parent company in the same period was expected to be 280 million to 330 million yuan, a year-on-year increase of 194.44% to 211.31%. Turn losses into profits.

"Downstream customer inventories have improved significantly", "end demand has picked up" and "orders on hand are full" - from the descriptions of these companies, it is not difficult to see the recovery trend of the industry.

View more at EASELINK