The demand for integrated circuits continues to be strong, and Huatian Technology's net profit in the first three quarters is expected to increase by more than 126%

 On October 12, Huatian Technology released its performance forecast, stating that the company expects to achieve a net profit attributable to shareholders of listed companies of 1.013 billion yuan to 1.049 billion yuan in the first three quarters of 2021, a year-on-year increase of 126.36% to 134.41%. The profit in the same period last year was 447 million yuan.

Among them, the net profit attributable to shareholders of listed companies is expected to be 400 million yuan to 436 million yuan from July to September, a year-on-year increase of 121.74% to 141.70%. The profit in the same period last year was 180 million yuan.

Regarding the reasons for the performance changes, Huatian Technology stated that due to factors such as domestic substitution of integrated circuits, accelerated 5G construction, and growing demand for consumer electronics and automotive electronics, the demand in the integrated circuit market continued to be strong, the company's orders were full, and its business scale continued to expand. It is expected that operating performance in the first three quarters of 2021 will increase significantly compared with the same period last year.

Since the beginning of this year, Huatian Technology has further accelerated the research and development and mass production of advanced packaging technologies and products. Products based on wafer-level system-level packaging eSinC technology, ultra-large size (33mmx17mm) integrated packaging SSD, and ultra-high integration eSSD products have all been mass-produced. 5G RF modules, 5G filters with packaging type LGAML, and PAMiD products used in CAT1 communication modules have achieved small-scale production. Industrial-grade eMMC products have passed customer certification. The interposer (10:1 straight hole) process technology for 2.5D packaging has been developed. The company obtained 19 authorized patents in the first half of 2021, including 4 invention patents.

The company further improved its industrial layout, established a holding subsidiary, Guangdong Shaohua Technology Co., Ltd. in Shaoguan, Guangdong, and started the construction of integrated circuit packaging and testing and new display device projects. The construction of this project improved the company's industrial development layout in the Pearl River Delta region. 

At the same time, the company has initiated the financing work of private placement of stocks, and plans to raise no more than 5.1 billion yuan through private placement of stocks, which will be used for the expansion of integrated circuit multi-chip packaging projects, the expansion of high-density system-level integrated circuit packaging and testing projects, the TSV and FC integrated circuit packaging and testing industrialization projects, the storage and RF integrated circuit packaging and testing industrialization projects, and to supplement working capital, in order to accumulate energy for the company's development.