PCB adversely the performance of the second half does not affect the growth in demand
Economic recovery in the consumer market strength is not strong, so that end sales of electronic products is not ideal, slow digestion in the stock under pressure, will reduce the upper electronic component orders. ITRI expects domestic PCB assembly china production value in the second half than the first half of the quarter by quarter growth, but will slow down quarter by quarter, the estimated value of the third quarter of PCB 1% reduction in the quarter, NT $ 1033, in the fourth quarter will be lower than the first three quarters of performance. In the first quarter, market demand in China to benefit from warming, the market introduction of new electronic products, such as e-books, tablet PCs, smart phones and other release, stimulate domestic PCB production value to 103.96 billion yuan, representing a growth of 2.86% the previous quarter , annual growth has reached 165.1 percent, say goodbye to the shadow of financial crisis, but also different from the previous off-season phenomenon.
After entering the second quarter, Europe's economy recover faster than expected, the growth rate of cooling domestic PCBa manufacturer production value came to 104.31 billion yuan, quarter by 0.34% rate. If the hard segments and soft board board value changes, hard board LCDTV sales in the first quarter fueled by strong demand for photovoltaic panels, smart phones to drive demand growth of HDI boards, inspired by the two factors, seasonal output to to 71.86 billion yuan, quarter by 3.07% in the second quarter increased slightly by 0.42% to 72.16 billion yuan. FPC is to benefit from the LED, touch panel, smart phones and other areas of increased demand, the output value reached 12.19 billion yuan in the first quarter, quarter growth rate of 1.67%; in the second quarter grew slightly to 12.21 billion yuan, quarter growth rate of 0.16%.
Printed circuit board (PCB) upstream copper, fiberglass gauze and CCL (CCL) plant sales all came out in October, all listed CCL plant ITEQ, Taiwan optoelectronics, co is, pcba China and Taiwan Wei Yao and other plants, Hua Wei is superior only in September, and record low being together; but living on gold foil factory by more than 13%, OTC factory Fulltech three fiberglass gauze, Jian-rong, Devon also better than September. PCB industry by the global economic slump impact, in the second half is not busy season, Cai Mao Chen emphasized that not only CCL at this time market conditions appears to have in October, down at the end of the current utilization rate is 80% in November should be picked up, is expected to tablet PCs, smart phones promote high-density connectors (HDI) boards, flexible printed circuit board (FPC) demand, especially low-cost smart phone technology, the effect of more waves, ITEQ active area of the layout of this, not bearish next year's performance. ITEQ in recent years has entered the flexible printed circuit board (FPC) upstream FCCL (FCCL), FCCL monthly production capacity is currently about 1.3 million square feet, about 50% utilization rate, monthly sales of about 2.5 million contribution dollars (TSU), has a profit next year, monthly sales of up to 300 million U.S. dollars, do not rule out at 400 million dollars, divided into separate companies planning.