信邦's March revenue decreased by 3.74% year-on-year, affected by delays in shipments for industrial, medical, and automotive sectors. Q1 performance is at the second-highest level compared to the same period.
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Xinbang (3023) reported a March revenue of 2.702 billion yuan, a decrease of 2.10% compared to the previous month, and a year-on-year decline of 3.74%. The consolidated revenue for the first quarter was 8.222 billion yuan, an increase of 2.51% compared to the same period last year, marking the second-highest record for that period. The revenue decline in March was influenced by deferred demand in the industrial, medical, and automotive sectors. In the first quarter, the medical industry grew by 1.35%, the automotive sector increased by 0.34%, and industrial applications grew by 10.33%, while the green energy industry decreased by 22.11%. In terms of product sales, connector components accounted for 76.08%, and industrial applications made up 30.27%.
Due to delays in shipments affecting the industrial, medical, and automotive sectors, 信邦 (3023) reported a revenue of 2.702 billion NT dollars in March, down 2.10% from the previous month and down 3.74% year-on-year. The cumulative consolidated revenue for the first quarter was 8.222 billion NT dollars, which represents a growth of 2.51% compared to the same period last year, although it slightly decreased by 1.42% compared to the fourth quarter of last year, still marking the second highest record for the same period in history.
信邦 stated that the decline in consolidated revenue in March was mainly due to delays in shipments from industrial clients introducing new systems, as well as postponed demand in the medical and automotive industries. Nevertheless, the first quarter revenue of 8.222 billion NT dollars remains at a high level compared to historical data.
In the five major industries of MAGIC, the operational performance in the first quarter saw an increase of 1.35% in the medical and healthcare industry and an increase of 0.34% in the automotive industry compared to the same period last year; however, the green energy industry saw a decline of 22.11%. The industrial applications industry grew by 10.33%, while the communication and electronic peripheral industry grew by 40.83%.
In terms of product sales proportion, the production and sales of cable assemblies accounted for 76.08% of consolidated revenue, while sales of connectors and components accounted for 23.92%. Looking at the sales distribution by industry, the industrial applications industry accounted for 30.27%, the green energy industry accounted for 24.85%, the communication and electronic peripheral industry accounted for 22.46%, the automotive industry accounted for 14.18%, and the medical and healthcare industry accounted for 8.24%.