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ASM Pacific Technology ( (HK:0522) ) has provided an update.
ASMPT announced its 2024 annual results, highlighting a stable revenue of HK$13.23 billion despite a 10% year-over-year decline. The company achieved record bookings and revenue in its TCB segment, driven by AI adoption. However, the gross margin and operating profit saw significant declines. The net profit fell by 51.9% year-over-year, but the adjusted net profit showed a smaller decrease. The company provided revenue guidance for Q1 2025, expecting it to remain flat year-over-year.
More about ASM Pacific Technology
ASM Pacific Technology (ASMPT) is a company incorporated in the Cayman Islands, primarily involved in the semiconductor and electronics industries. It focuses on advanced packaging and assembly solutions, benefiting from the growing adoption of AI technologies.
YTD Price Performance: -3.13%
Average Trading Volume: 438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.05B
Learn more about 0522 stock on TipRanks’ Stock Analysis page.
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