(中文) Invest NoteBook - MSI TOP Product 微星筆電

STB-Finance理財大富翁

2021-06-2300:07:36

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微星發表多款電競筆電、螢幕、顯示卡與周邊等新產品,該公司首季營收創新高,在新產品推出效應下,本季業績有望挑戰再寫新猷,下半年進入傳統旺季,業績不看淡,2021年全年業績看增兩成。

微星昨天舉行新產品線上發表會,推出最新一代電競筆電、創作者筆電、電競螢幕、顯示卡與各種電競周邊產品,鞏固其在高階電競市場的領先地位。
受惠輝達(Nvidia)新顯示卡、新電競等產品需求暢旺,微星首季營收480.05億元,季增14.5%,年增68.4%,創單季新高,在營收規模提升下,加上新產品銷售比重上揚,推升單季毛利率達19.07%,年增5.62個百分點,每股純益4.94元、創單季新高。

微星4月營收150.77億元,月減14.9%,年增42.1%,法人認為,微星本季受惠推出主機板、顯示卡、電競筆電等新品,加上終端需求未有減弱跡象,新品對提升產品平均單價有所助益,加上因應挖礦需求導致顯卡缺貨,以及上游零組件成本上揚,微星將對終端合理反映顯示卡售價,預估第2季營收有機會再戰新高。

微星董事長徐祥表示,本季需求非常強,但受限於供應鏈供貨吃緊,要在前一到兩周才會拿到配貨,現在還是無法掌握,如果可以滿足,單記營收有機會和首季差不多,甚至更高



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MSI announced a variety of new products such as gaming laptops, monitors, graphics cards and peripherals. The company’s revenue in the first quarter hit a record high. Under the effect of new product launches, this quarter’s performance is expected to challenge and write new ones, and enter the traditional peak season in the second half of the year. , The performance is not pessimistic, the 2021 annual performance is expected to increase by 20%.

MSI held a new product online presentation yesterday, launching the latest generation of gaming laptops, creator notebooks, gaming monitors, graphics cards and various gaming peripherals, consolidating its leading position in the high-end gaming market.

Benefited from the booming demand for Nvidia’s new graphics cards and new e-sports products, MSI’s first-quarter revenue was 48.05 billion yuan, an increase of 14.5% quarter-on-quarter and 68.4% year-on-year, setting a new single-season high. With the increase in revenue, MSI Coupled with the increase in the proportion of new product sales, it pushed up the single-quarter gross profit margin to 19.07%, an annual increase of 5.62%, and the net profit per share was 4.94 yuan, a single-quarter high.

MSI’s April revenue was 15.077 billion yuan, a month-on-month decrease of 14.9% and a year-on-year increase of 42.1%. The legal person believes that MSI has benefited from launching new products such as motherboards, graphics cards, and gaming laptops this quarter. In addition, terminal demand shows no signs of weakening. Increasing the average unit price of the product is helpful. In addition to the shortage of graphics cards due to mining demand and the rising cost of upstream components, MSI will reasonably reflect the price of graphics cards on the terminal. It is estimated that the second quarter revenue will have a chance to reach a new high .

Xu Xiang, chairman of MSI, said that the demand this season is very strong, but due to the tight supply in the supply chain, it will take one to two weeks to get the distribution. It is still not available. If it can be met, the revenue will be recorded. The chance is similar to the first season, or even higher

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