金吾财讯 | 中芯国际(00981)震荡走弱，截至发稿，跌3.82%，报42.75港元，成交额27.54亿港元。消息面上，交银国际发研报指，中芯国际今年首季收入为22.47亿美元，按季升2%，低于之前指引下限的按季增6%。但毛利率22.5%，则超过先前指引上限的21%，显示韧性仍强。该行估算期内或增加超过1万片12吋月产能，而平均售价则按季减9%。管理层重申不主动降价的策略，并解释收入不如预期主要因期内设备维护出现突发状况，影响到开始部分开始生产的晶圆。高盛表示，基于中芯国际经营前景、首季财报及管理层对于第二季的业务指引，将2025至2029年收入预测下调15%至16%，预期公司产品平均售价复苏时间将较预期长。憧憬中芯国际持续提高利用率和改善产品组合，高盛目前基本保持稳定毛利率预测，预料今年可达20.8%，2026至2029年料维持20%以上，但将2025至2029年净利润分别下调30%、21%、15%、14%及15%。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.