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$JCY (5161.MY)$
1. Overview of Financial Performance
Revenue (Revenue)
– For the 3 months ended December 31, 2024: 126,320 thousand Ringgit (RM'000)
– For the 3 months ended December 31, 2023: 126,712 thousand Ringgit (RM'000)
– Change: a decrease of 0.3% (approximately 392 thousand Ringgit)
– Analysis: Revenue remained basically flat, indicating that the company's core Business in hard disk drive (HDD) component manufacturing and trading performed steadily this quarter. However, the report indicated that revenue was under some pressure due to a decrease in customer Orders (affected by seasonal downturns) and unfavorable Exchange Rates fluctuations.
Gross Profit/Loss
– 2024 Q1: Gross Loss -9,011 thousand Ringgit
– 2023 Q1: Gross Loss of -1,466 thousand Ringgit.
– Change: Gross loss increased by approximately 514%.
◦ The exchange rate of the US Dollar to Ringgit has fallen.: From 4.7058 in December 2023 to 4.3147 in December 2024 (a decrease of 8.3%), negatively impacting export-oriented Business.
◦ Unfavorable product sales mix.: Possibly due to an increase in the proportion of certain low-margin products.
◦ The increase in costs for new product certification and production ramp-up.This indicates that the company is preparing for future growth...
1. Overview of Financial Performance
Revenue (Revenue)
– For the 3 months ended December 31, 2024: 126,320 thousand Ringgit (RM'000)
– For the 3 months ended December 31, 2023: 126,712 thousand Ringgit (RM'000)
– Change: a decrease of 0.3% (approximately 392 thousand Ringgit)
– Analysis: Revenue remained basically flat, indicating that the company's core Business in hard disk drive (HDD) component manufacturing and trading performed steadily this quarter. However, the report indicated that revenue was under some pressure due to a decrease in customer Orders (affected by seasonal downturns) and unfavorable Exchange Rates fluctuations.
Gross Profit/Loss
– 2024 Q1: Gross Loss -9,011 thousand Ringgit
– 2023 Q1: Gross Loss of -1,466 thousand Ringgit.
– Change: Gross loss increased by approximately 514%.
◦ The exchange rate of the US Dollar to Ringgit has fallen.: From 4.7058 in December 2023 to 4.3147 in December 2024 (a decrease of 8.3%), negatively impacting export-oriented Business.
◦ Unfavorable product sales mix.: Possibly due to an increase in the proportion of certain low-margin products.
◦ The increase in costs for new product certification and production ramp-up.This indicates that the company is preparing for future growth...
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$JCY (5161.MY)$ Almost the entire market is in decline...
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