PCB drill bit maker Topoint Technology noticed its internet income decline 49.5% from a 12 months earlier to NT$31 million (US$1 million) within the first quarter of 2019, with capability utilization charges falling beneath year-ago ranges.
Topoint reported revenues decreased 16.1% on 12 months to NT$655 million within the first quarter of 2019, when gross margin slid 3.7pp from a 12 months in the past to 23.4%.
Topoint attributed its destructive efficiency in the course of the first quarter to seasonality coupled with unfavorable market situations affecting negatively buyer demand. Sales of its bit drilling and gap drilling companies dropped 12.2% and 4.3%, respectively, on 12 months within the first quarter, whereas gross sales of its chopping instruments fell a bigger 66.9%.
Topoint noticed its bit drilling capability utilization price slip to 89% within the first quarter, whereas utilization price for its gap drilling companies got here to 57%, the corporate disclosed. Meanwhile, utilization price for its chopping instruments slid to 44% from 75% throughout the identical interval in 2018.
Topoint expects to see buyer orders significantly these for its bit drilling companies decide up within the second quarter, with bit drilling capability utilization price set to rebound above 90%.
In addition, Topoint is being engaged within the growth of high-speed and high-frequency merchandise as it’s gearing up for the arrival of 5G expertise, in line with the PCB drill bit specialist.
