Moment Zi Technology: the first leader in the field of testing, good orders and profit improvement

330171-00-12-10-01-05 The leader in the field of testing, the technical accumulation is more profound. The company is the first to enter the field of machine vision inspection enterprises, after years of deep cultivation has a solid R & D capability, the underlying algorithm, 2D/3D machine vision software and some core components are independent research and development, with the ability to expand to the downstream multiple segments of the industry. The 3D SPI and 3D AOI launched by the company continue to increase in volume, with SMT line sales ability, with the advantage of high cost performance is expected to achieve import replacement. At the same time, new products in the fields of FPC flexible circuit boards, semiconductors, lithium batteries, and medicine are being launched one after another, promoting the acceleration of the company’s revenue growth.

Mini LED industry demand ushered in volume, the company’s good orders are expected to continue high growth. Semiconductor process inspection is an important application of machine vision in the semiconductor industry, and the rise of the Mini LED industry 330171-00-12-10-01-05 has brought new growth points for the company’s AOI products. According to CINNO Research, the market size of the Mini LED industry in the next five years will increase by ten times, and the Mini LED backlight module will be less than 20 million pieces/year shipments will increase to 170 million pieces/year, and the market space is broad. The corresponding will drive the company’s AOI products continue to increase. As of Q3 2021, the company’s contract liabilities are 26.8672 million yuan, an increase of 160.04% compared with the end of 2020, mainly due to the increase in the advance payment for newly signed contracts and the 330171-00-12-10-01-05 amount received for goods sent out. The orders of AOI, SPI, FPC flexible circuit board general optical inspection equipment, radium engraving machine, selective wave soldering and other products are good, and are expected to continue to increase under the background of high downstream demand.

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330171-00-12-10-01-05 Revenue structure optimization + cost pressure is expected to ease, the company’s profitability has been continuously improved. The company’s single-quarter cost in 2021 was 99.0682 million yuan, a year-on-year increase of 52.40% and a quarter-on-quarter increase of 5.03%, mainly due to the rise in commodity prices corresponding to the company’s upstream raw materials. Considering that the space for further rise in commodity prices is relatively limited, the pressure 330171-00-12-10-01-05 on the company’s cost side is expected to gradually ease. At the same time, machine vision equipment accounted for 45.37% of the company’s revenue structure in 2016, and 56.94% of the machine vision equipment in 2020. Compared with control cable components, the gross profit margin of machine vision equipment is higher. In the future, with the continuous optimization of the company’s revenue structure and the gradual easing of cost pressure, Overall profitability is expected to improve further.