PCB industry in late June orders gradually back to warming
Due to the imminent entry into the industry peak, shipments began to increase in late June. PCB manufacturers generally expect substantial growth in Q3 operation, but the actual growth rate will not be noticeable until late June. In the second quarter, the shipments of the solar industry dropped sharply. Under the condition of a low base period, the largest increase is expected in the third quarter. The growth momentum of smart phones and tablet computers remained good. Due to supplier control of shipments, only a slight improvement.
(1) Short-term phone orders flat, the third quarter is expected to see significant growth:
Handset brand manufacturers will launch new models in the third quarter. As a result, the orders for the old models will be gradually reduced in the second quarter. Coupled with the fact that the European mobile phone makers with the largest market share in the world are adjusting their operating strategies, the demand for mobile phone boards will drop in the near future. As the United States brand manufacturers will launch the fifth generation mobile phones by the end of the third quarter, it will consume a lot of HDI production capacity, and new products priced high, then manufacturers revenue and profits will pick up significantly. Speculative Xinxin short-term orders by the European system, the impact of declining orders, but the United States department store consumer orders will note the third quarter operating performance. According to the industry chain information, the third generation of tablet PC motherboard shape and design, and the second generation is completely different, does not rule out sales at the same time, will not immediately replace the second generation. Soft-board factory Jia Liangyi, Taichung, Asahi soft and other soft plate manufacturers in May and June revenue similar, orders began to increase in late June, the second quarter revenue +7 ~ +15%, the third quarter +20 + 25%. Taiwan's second-quarter soft copper foil substrate -5 ~ -2%, due to the solar backplane shipments in May greatly reduced, consolidated revenue will be sharply reduced in June rose slightly, single-quarter revenue -20 ~ -15 %, The third quarter orders one after another return, estimated +25 ~ +30%.
(2) NB market conditions improve, but NB board suppliers due to poor profit control output:
Due to the poor profitability of NB foundries and NB brand manufacturers, NB board suppliers have repeatedly planned to raise prices to reflect the cost of production, and have not received any customer's attention. As a result, the selling price of NB board is lower than the production cost , HannStarx and Jinxiang Electric in April full price increase of 5 to 10%, do not accept price increases, will reduce the supply, and planning to enhance the proportion of other products, HannStar global NB board market share of 45% , 22% of the gold as the electricity, the total market share of nearly 70%, the second quarter of the two suppliers NB 0 ~ + 10%, estimated third quarter 0 ~ + 10%, are lower than the NB plant out Goods outlook, reaction NB plant needs to find other NB board suppliers, that the stability of the quality will decline. HannStar Bo toward the server board and other product development, the image is expected to fight Tablet PC orders.
(3) photovoltaic panels kinetic energy slightly warming:
Zhichao is the largest supplier of photovoltaic panels in the world. In the past, it used the economic advantages of mass production to provide competitively priced products. Although the market share increased to 25-28%, it was hit by the increase of production costs, Poor yield impact, gross profit margin from 21% in the first quarter of 2010 all the way down to 12% in the first quarter of 2011, the company rose 3% in May, will help to increase profitability, but the average ultra-Chi products The price is still lower than its peers, and panel makers are still under pressure to operate, Tripod no follow-up price adjustment plan. Taiwan Formosa works with AUO and Group to build a second factory in Suzhou and Dongguan Plant, were completed in the second quarter and the third quarter, together with the mainland home appliance industry to obtain orders, the recent revenue is expected to continue to record highs up to eight Month, forecast second quarter + 15%, third quarter + 25%.
(4) the second quarter of copper foil substrate price reaction production costs:
As PCB makers set up certain copper foil inventories in the first quarter and their purchasing power in the second quarter weakened, together with the recent fall of copper prices from $ 10,000 to $ 8,500 per tonne, copper foil makers reduced their prices slightly in May in response to production costs. Luen Mau, Taiwan's Optoelectronics, Taiwan's second quarter operating -10 ~ -5%.