Zhongjin Securities released a research report stating that it maintains the "outperform the industry" rating for asmpt (00522), considering that the market still recognizes the company's leading position in the AP business field. Due to the sluggish recovery of the traditional market and the weakness of the SMT business, the company's net profit forecast for 2024 and 2025 was lowered by 64% and 24% to 0.691 billion yuan and 18.81 billion yuan, respectively, and the target price was lowered by 13% to HKD 100.

The report pointed out that the company released its second quarter results, with revenue of 3.34 billion yuan, a year-on-year decrease of 14.3%, and a quarterly increase of 6.5%, which is higher than the company's guidance median; The company expects third-quarter revenue to be between $0.37 billion and $0.43 billion, with a year-on-year decrease of 9.9% based on the median calculation and a quarterly decrease of 6.4%. The market generally believes that the traditional packaging equipment business is expected to achieve a quarterly increase this year, so the third quarter guidance is lower than expected.