Weigang: memory industry demand is expected to return to growth momentum from the third quarter
CTOnews.com, February 10, according to Weigang's official news, Weigang's January consolidated revenue decreased by 7.57% to NT $2.177 billion. Weigang said that the company will maintain a flexible and prudent inventory strategy in the short term, and keep abreast of industry changes. It is expected that the supply chain inventory of the memory industry will be gradually demineralized in the first half of this year. With the recovery of consumer demand in the second half of the year, and the rapid growth of individual memory capacity of various products, the demand of the memory industry is expected to restore growth momentum from the third quarter.
Chen Libai, chairman of Weigang, further pointed out that at present, the company's outlook for the memory market remains unchanged, and it is expected that the memory price this quarter will still be in the short-term correction band, but thanks to the loss of profits from upstream suppliers and the conservative attitude towards film production, the price declines of DRAM and NAND Flash are expected to converge compared with the fourth quarter of last year. At a time when the global economy is slowing down and consumer demand has not yet recovered, in addition to strengthening inventory control and strengthening product competitiveness this year, the company will also accelerate the shipment of three high gross margin products, namely, Industrial Control, e-sports and electric bikes, with the goal of increasing the company's overall gross profit margin. Chen Libai stressed that the company's performance will show an upward trend quarter by quarter this year, and once the global economy stabilizes in the second half of the year and leads to a pick-up in demand, the company will have sufficient momentum to rush to the next peak of operation.
The proportion of DRAM revenue in January fell slightly to 28.83%, while memory cards, portable hard drives and other products accounted for 24.33%.
