Jingcaike: MicroLED products are expected to contribute to revenue this year

Jingcaike held a shareholders’ meeting on May 29. This year, in addition to traditional panel equipment AOI, the company continues to cultivate new display technologies, focusing on the research and development of Micro LED technology. It is optimistic about its market size and growth. It has launched a solution for the inspection and measurement side equipment in the Micro LED process, which has been favored and recognized by important customers. In the future, the expansion of new experimental lines and new production capacity from customers will help expand the growth of Jingcaike’s Micro LED. Micro LED is expected to contribute to the company’s revenue this year.

In terms of the semiconductor market, Jingcaike has advanced and optimized the huge amount of inspection and measurement technology and experience accumulated in Micro LED inspection and measurement equipment to launch FOWLP and FOPLP Die Location measuring machines, which provide high-precision measurement functions for the position of the chip on the carrier. In terms of FOPLP, in addition to being adopted by well-known packaging and testing manufacturers, many semiconductor customers have recently paid attention to and inquired about it. It is expected to inject vitality into revenue.

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In terms of the Chip last/Die dace down process, Jingcaike first stacks multi-layer RDL lines on the glass substrate, and then places the chip on it to connect with the I/O contacts. The FOPLP RDL Fine Line AOI developed by Jingcaike can correspond to multi-layer RDL 2-micron fine circuit testing is currently undergoing verification testing with well-known carrier board manufacturers, and is nearing the completion stage. Once the verification is passed, it is expected to seize a place in the business opportunities of higher-end advanced packaging testing equipment in the future.

Jingcaike’s revenue in the first quarter of this year was 50.9 million yuan (NT$, the same below), a year-on-year decrease of 12%, an operating loss of 43.95 million yuan, an after-tax net loss of 38.17 million yuan, and an EPS of -0.48 yuan. The losses were all larger than last year, and the gross profit margin was 50.02%, a year-on-year decrease of 26.13 percentage points. Revenue in April this year was 20.31 million yuan, a year-on-year decrease of 33.83%. The cumulative revenue in the first four months was 71.22 million yuan, a year-on-year decrease of 19.77%.