Himax Tech CEO Calls Q1 Low Point, Foresees Sales Surge in Automotive Sector
Himax Tech CEO Calls Q1 Low Point, Foresees Sales Surge in Automotive Sector
Himax Technologies, Inc (NASDAQ:HIMX) reported a fiscal first-quarter revenue decline of 15.0% year-on-year to $207.55 million, beating the analyst consensus estimate of $203.40 million. Net revenues decreased 8.8% Q/Q.
Himax Technologies, Inc（納斯達克股票代碼：HIMX）報告稱，第一財季收入同比下降15.0％，至2.0755億美元，超過了分析師共識估計的2.0340億美元。淨收入環比下降8.8％。
Earnings per ADS was $0.07, beating the analyst consensus estimate of $0.05.
每份ADS的收益爲0.07美元，超過了分析師共識估計的0.05美元。
The gross margin reached 29.3%, outperforming the guidance of around 28.5%.
毛利率達到29.3％，超過了28.5％左右的預期。
Revenue from large display drivers was $31.3 million, a decrease of 7% Q/Q due to seasonally soft macroeconomic conditions compounded by ongoing production and inventory control measures by the company's leading panel customers.
大型顯示器驅動器的收入爲3,130萬美元，環比下降7％，這要歸因於季節性疲軟的宏觀經濟狀況，再加上該公司主要面板客戶正在採取的生產和庫存控制措施。
Small and medium-sized display driver revenue was $144.3 million, a decrease of 11.5% Q/Q.
中小型顯示驅動器收入爲1.443億美元，同比下降11.5％。
Revenue for non-driver business was $32.0 million, up 3.4% Q/Q, attributable to a resurgence in orders for large-sized display Tcon products.
非驅動器業務收入爲3,200萬美元，同比增長3.4％，這要歸因於大型顯示器Tcon產品的訂單回升。
Operating expenses for the quarter declined 0.6% Y/Y to $50.7 million.
該季度的運營支出同比下降0.6％，至5,070萬美元。
The operating income was $10.0 million compared to $17.6 million a year ago, and the margin declined by 240 bps to 4.8%, primarily driven by lower sales.
營業收入爲1,000萬美元，而去年同期爲1,760萬美元，利潤率下降了240個點子至4.8％，這主要是由於銷售額下降所致。
As of March 31, 2024, the company's inventories were $201.9 million, markedly lower than $217.3 million last quarter.
截至2024年3月31日，該公司的庫存爲2.09億美元，明顯低於上個季度的2.173億美元。
Himax held $261.7 million of cash, cash equivalents, and other financial assets as of March 31, 2024. HIMX generated a positive cash flow of $56.7 million, compared to $66.4 million a year ago.
截至2024年3月31日，Himax持有2.617億美元的現金、現金等價物和其他金融資產。HIMX創造了5,670萬美元的正現金流，而去年同期爲6,640萬美元。
Dividend: The company declared an annual cash dividend of $0.29 per ADS, payable on July 12, 2024.
股息：該公司宣佈每份ADS的年度現金分紅爲0.29美元，將於2024年7月12日支付。
"We believe Q1 will be the low point for this year and see sales starting to pick up in Q2, especially in the automotive sector. With several other upcoming demand catalysts on the horizon, including major sporting events and festival shopping seasons, business momentum is expected to continue to steadily improve throughout the second half," said Mr. Jordan Wu, President and Chief Executive Officer of Himax.
“我們認爲第一季度將是今年的低點，第二季度銷量將開始回升，尤其是在汽車行業。隨着其他幾個即將到來的需求催化劑即將到來，包括重大體育賽事和節日購物季，預計下半年的業務勢頭將繼續穩步改善。” Himax總裁兼首席執行官吳喬丹表示。
"The automotive display market is experiencing a megatrend of expanding quantities, sizes, and sophistication of displays within vehicles as fancy displays are increasingly becoming a major selling point for car makers. As the leader in the automotive display IC business, Himax is poised to benefit from this trend, which implies higher content value per vehicle for display semiconductor vendors such as us, leading to sustainable growth slated for the next few years," concluded Mr. Jordan Wu.
“隨着高檔顯示器越來越成爲汽車製造商的主要賣點，汽車顯示器市場正經歷着車內顯示器的數量、尺寸和複雜性不斷擴大的大趨勢。作爲汽車顯示IC業務的領導者，Himax有望從這一趨勢中受益，這意味着像我們這樣的顯示半導體供應商每輛車的內容價值更高，從而實現未來幾年的可持續增長。” Jordan Wu先生總結道。
Q2 Guidance: HIMX expects net revenues to grow 8.0%—13.0% sequentially vs. the estimate of $219.75 million. It projects a gross margin of 31.5%—33.5% primarily because of higher sales from automotive and Tcon businesses and EPADS of $0.13 – $0.17 versus the $0.09 estimate.
第二季度指導：HIMX預計淨收入將連續增長8.0％至13.0％，而預期爲2.1975億美元。它預計毛利率爲31.5％至33.5％，這主要是由於汽車和Tcon業務的銷售額增加，EPADS的銷售額爲0.13美元至0.17美元，而預期爲0.09美元。
Price Action: HIMX shares traded higher by 10% at $5.74 at the last check Thursday.
價格走勢：在週四的最後一次支票中，HIMX股價上漲了10％，至5.74美元。
譯文內容由第三人軟體翻譯。