According to the latest report, MediaTek released its financial report for the first quarter of 2022 today. Both revenue and profit hit a record high in a single quarter, with a big profit of 21.02 yuan per share; the net profit attributable to the parent company reached NT$33.261 billion ( RMB 7.45 billion), hitting a record high (a quarterly increase of 10.7% and an annual increase of 30.1%).
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MediaTek’s net operating income in the first quarter was NT$142.711 billion, a quarterly increase of 10.9% and an annual increase of 32.1%; the first-quarter revenue increased compared with the previous quarter and the same period last year, MediaTek analysis said, mainly because of its major products. Line revenue both benefited from higher specifications or increased sales volume.
Moreover, MediaTek’s operating gross profit in the first quarter was 71.78 billion yuan, a quarterly increase of 12.5% and an annual increase of 47.9%. The gross profit margin was 50.3%, a quarterly increase of 0.7%, and an annual increase of 5.4%.
Gross profit margin in the first quarter increased from the previous quarter and the same period last year, MediaTek said, mainly due to a better product mix.
In terms of operating expenses, this quarter totaled NT$35.31 billion (accounting for 24.7% of operating income); operating profit was NT$36.467 billion (approximately RMB 8.169 billion), a year-on-year increase of 80.5%.
MediaTek said that the increase in operating expenses in the first quarter compared with the previous quarter and the same period last year was mainly due to the increase in R&D investment expenses in this quarter. The main items of operating expenses in the first quarter included research and development expenses of 28.54 billion yuan, marketing expenses of 3.4 billion yuan, and management expenses of 3.36 billion yuan.
Furthermore, MediaTek CEO Cai Lixing pointed out that global smartphone demand has slowed down, and the company now expects global smartphone shipments in 2022 to be the same as last year, about 1.35 billion units.
At the same time, Cai Lixing emphasized that his view on the growth of the global 5G mobile phone penetration rate to 50% this year remains unchanged, which is about 660 million to 680 million units. Although it is slightly lower than the estimated 700 million units in the previous quarter, it is still an increase of 30% from last year. %.
He also said that MediaTek, benefiting from the launch of new 5G phones and the growth of its global market share, expects its 5G shipments outside mainland China to double this year compared to last year.
Cai Lixing said that in recent months, the global economy has faced challenges such as inflation and geopolitical risks, which will inevitably affect the supply and demand of the industrial chain. Still, MediaTek will continue to grow.
