Zhitong Financial App News, ASM PACIFIC (00522) announced 2017 results, revenue innovation as high as HK $17.523 billion, an increase of 23% over the same period last year; profit attributable to company holders was about HK $2.815 billion, an increase of 92.33% over the same period last year; basic earnings per share were HK $6.90, with a proposed final dividend of HK $1.30 per share.
Among them, the Group's post-process equipment business division performed well in 2017, with record revenue and a six-year high gross profit margin. Revenue from the post-process equipment division increased by 19.5 per cent to $1.11 billion last year, accounting for 49.3 per cent of the group's total revenue. Innovative revenue from the materials business reached US $275.2 million, an increase of 14.5 per cent over 2016. Business revenue from SMT solutions innovation reached US $865.9 million, an increase of 30.9% over 2016.
The increase in revenue was mainly driven by strong demand for integrated circuits / discrete devices and CMOS image sensor (CIS) equipment, lead frames and SMT solutions, the announcement said. Similarly, the group's total new orders reached $2.34 billion, a year-on-year increase of 24.7%. The order handling ratio is 1.04. At the end of 2017, the Group's total outstanding orders increased to US $538.6 million, a year-on-year increase of 27.2%.
The company said that the group ended with a strong momentum in 2017, with revenue growth in all three business divisions on an annual basis. The group's revenue in the fourth quarter of last year was $541.5 million, an increase of 20.1% over the same period in 2016. Due to seasonal factors, group revenue decreased by 17.3% in the fourth quarter of 2017. The group's total new orders in the fourth quarter rose 5.5 per cent year-on-year to $496.5 million, exceeding group expectations. On the other hand, under the influence of seasonal factors, the group's total new orders decreased by 13.6% in the fourth quarter of 2017. Judging by the current market sentiment and momentum, the Group is confident that the total amount of new orders in the first quarter of 2018 will rebound strongly compared with the fourth quarter of 2017.