The company noted a continued weak demand for consumer products in March, with China’s PC market recovery not meeting expectations, slightly impacting first-quarter revenue. Nonetheless, significant growth in revenue from satellite, communications, and high-performance computing power supplies, alongside smart integration platform solutions, promises a positive impact on first-quarter profit performance.
Heading into the second quarter, Chicony Power Technology acknowledges market challenges such as high inflation and the absence of “killer applications” for AI PCs, leading to cautious stocking by notebook and consumer electronics customers. The focus will be on the June shopping season for industry insights. Chicony Power Technology plans to maintain its flexibility and agility, actively responding to shipment demands from customers.
The company is aligning with the release schedules of new processors and operating systems, enhancing product specifications. Samples of high-priced gallium nitride laptop power supplies and AI server power supplies are currently being evaluated by potential clients. Additionally, Chicony Power Technology is leveraging the off-season to finalize customer certifications and production line adjustments at its new Thailand factory, aimed at optimizing operations for the second half of the year.
Chicony Power Technology remains optimistic that its strategic preparations and product innovations will lead to improved performance in the latter half of the year, with anticipated growth in revenue and profitability reaching new heights. This forward-looking approach underscores the company’s commitment to overcoming current market challenges and capitalizing on upcoming opportunities in the evolving power supply sector.
