07 Sep 2023
Channel Micron’s 1H23 revenue plunged by 43% YoY to Rmb144.2m. Cleanroom wall and ceiling systems sales lowered by 45% YoY to Rmb130.3m on decreasing semiconductor factory investment in China due to US-China trade tensions. Cleanroom equipment segment sales surged 74% YoY in 1H23 to Rmb10.0m due to growing demand of cleanroom equipment in Malaysia and Portugal. Sales from China/ Southeast Asia (Malaysia, Philippines, and Singapore) decreased 48%/27% YoY in 1H23. GPM widened 5.7ppt YoY to 35.8% in 1H23, as the company bought more semi-finished materials during lockdown in Shanghai in 1H22. 1H23 net profit came in at Rmb31.0m, decreased 21% YoY. The company proposed an interim dividend of HK0.75 cents per share, which represents 30% payout.