ASMPT Limited, a prominent global provider of semiconductor and electronics manufacturing solutions, has announced its financial results for the first quarter ending March 31, 2025. The company reported revenues of HK$3.12 billion (US$401.5 million), marking a slight decrease of 0.5% year-on-year and 8.2% quarter-on-quarter. Despite this, the company saw a positive trend in bookings, which increased by 4.8% year-on-year and 2.9% quarter-on-quarter to reach HK$3.35 billion (US$431.2 million). The gross margin improved to 40.9%, rebounding by 371 basis points compared to the previous quarter, although it experienced a decrease of 97 basis points year-on-year. The operating profit for the quarter stood at HK$159.9 million, a decline of 33.3% compared to the previous year, but a significant increase of 3,044.6% from the previous quarter. Net profit for the period was HK$82.6 million, representing a 53.5% drop year-on-year but an impressive rise of 1,853.5% quarter-on-quarter. ASMPT also highlighted its strategic growth in Advanced Packaging solutions, driven by the rapid adoption of AI technologies. The company expanded its Thermo-Compression Bonding customer base and secured new orders, indicating a strong market position in high-volume manufacturing. Looking ahead, ASMPT forecasts Q2 2025 revenues to range between US$410 million and US$470 million, projecting a year-on-year increase of 3.0% and a quarter-on-quarter rise of 9.6% at the mid-point.