The performance of PCB and assembly plant Precision Division in the third quarter was lower than expected. The single-quarter consolidated revenue was 8.677 billion yuan, a decrease of 7.34% from the previous quarter. Except for the traditional peak season effect, the market competition was fierce. One of the reasons for the decline.
Precision Division had previously expected at the Law Conference that the performance of revenue from July to October will go higher, and order visibility is optimistic. However, the actual operating results are not as expected. The company announced September consolidated revenue of 2.72 billion yuan. The monthly decrease was 13.1%, a 13.22% decline from the same period of last year. The combined revenue in the third quarter was 8.677 billion yuan, a decrease of 7.34% from the previous quarter. The accumulated revenue in the first three quarters was 27.635 billion yuan, an annual growth rate of 4.71%.
In the analysis by Jing Cheng Section, the cumulative sales of the two main products PCB and PCBA to September increased by 6.23% and 3.72% from the same period of last year, and in terms of revenue, the combined revenue of PCB and PCBA accounted for 42.67 in September. % and 57.30%, accumulative to September combined revenue PCB and PCBA accounted for 40.12% and 59.85%, respectively.
Jing Chengke said that due to the global economic downturn, customer demand for orders became more conservative, making the third quarter operating as expected. On the other hand, the competition in the PCB market is fierce. Under the active robbing of singles in the industry, it also caused the lack of camp sports in the third quarter of the division.
Precision Division had previously expected at the Law Conference that the performance of revenue from July to October will go higher, and order visibility is optimistic. However, the actual operating results are not as expected. The company announced September consolidated revenue of 2.72 billion yuan. The monthly decrease was 13.1%, a 13.22% decline from the same period of last year. The combined revenue in the third quarter was 8.677 billion yuan, a decrease of 7.34% from the previous quarter. The accumulated revenue in the first three quarters was 27.635 billion yuan, an annual growth rate of 4.71%.
In the analysis by Jing Cheng Section, the cumulative sales of the two main products PCB and PCBA to September increased by 6.23% and 3.72% from the same period of last year, and in terms of revenue, the combined revenue of PCB and PCBA accounted for 42.67 in September. % and 57.30%, accumulative to September combined revenue PCB and PCBA accounted for 40.12% and 59.85%, respectively.
Jing Chengke said that due to the global economic downturn, customer demand for orders became more conservative, making the third quarter operating as expected. On the other hand, the competition in the PCB market is fierce. Under the active robbing of singles in the industry, it also caused the lack of camp sports in the third quarter of the division.
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