
AI-generated summary
Jingshuo is an IC carrier board manufacturer. Its revenue and profits have grown simultaneously this year, benefiting from the demand for AI driving the shipment of high-end carrier boards.
Jingshuo received foreign investment and significantly raised its target price, looking at 1,580 yuan. (Photo by reporter Zhuo Yijun)
[Reporter Zhuo Yijun/Reported in Taipei] The revenue and profits of IC substrate factory Jingshuo (3189) have grown simultaneously this year. The latest report issued by Japanese foreign investors pointed out that with the growth of NVIDIA CPU Increased business contribution and continued improvement in product portfolio will become an important catalyst for Jingshuo's recent stock price. The gross profit margin of high-end chip carrier boards may reach 50%, which will support the further expansion of Jingshuo's gross profit margin. In the third quarter, the prices of carrier boards and ABF carrier boards both increased by about 10% quarter-to-quarter, which is higher than the "high single-digit percentage" quarterly growth previously guided by Jingshuo. Price increases will also become another growth momentum for gross profit margins, and the target price has been significantly raised from 1,068 yuan to 1,580 yuan.
Jingshuo's stock price launched an attack early this morning. As of about 9:07, Jingshuo's stock price rose 3.27%, temporarily trading at 1,105 yuan, with a trading volume of more than 2,352 contracts.
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Jingshuo has added a new project capital expenditure budget for the second time this year to meet strong customer demand. As ABF carrier boards continue to increase and capacity utilization is fully loaded, Jingshuo's profits have increased significantly this year. Jingshuo has recorded a single-month net profit of 817 million yuan in August, an annual increase of 353.89%. The after-tax earnings per share are 1.59 yuan. The after-tax earnings per share in August have reached 61.86% of the second quarter's 2.57 yuan. As ABF carrier boards are entering a rising cycle of gap expansion, driving the price increase effect to expand and portfolio optimization, it is expected to drive Jingshuo's future profits to greatly increase.
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AI outlook — possibilities, not facts
Jingshuo's carrier board and ABF carrier board prices will continue to increase quarterly in the third quarter
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