MACHVISIONInc. Co., Ltd. Q1 revenue up 57.74%, the second-highest record in history

【Reported by China Times Journalist Shi-Yi Shi】

MACHVISION Inc. Co., Ltd. (3563), a domestic optical inspection equipment company in Taiwan, broke the record of traditional low-season in the equipment industry in terms of Q1 revenue. Favored by the new product development and benefits from the “Three MACHVISION Targets,” MACHVISION rolled out spectacular performance in Q1, accomplishing a consolidated revenue of NTD231 million for a single quarter with an annual increase of 57.74%, which not only hit a new record high for one single quarter compared with the same period from previous years but also the second highest record for one quarter in the past revenue records.

MACHVISION reached NT86.5 million this March, with an annual increase of 30.23% and monthly increase of 16.89%, hitting new records high compared withthe same period last years for 7 months in a row. The consolidated revenue for this first quarter this year rose to NTD231 million with an annual increase of 57.74%.

Under the effect of new product guidelines from “Three MACHVISION Targets,”MACHVISION hit a new record high in annual revenue last year. Nonetheless President Chen, Fu-Sheng further indicated that year 2016 will merely be the incubation period for the outcome of Three Targetsduring an investment conference held after the New Year. The contributions from the second target in semiconductor and the third target in hard panel AOI4.0were considerably insignificant as the combination of the three targets in 2017 will drive the company’s business to thrive in these three targets, and it will sustain for several years.

The growth potential for Q1 revenue this year coincides with the optimistic forecast claimed on previous investment conference. MACHVISION states that the semiconductor AOI equipment began to draw attention from Chinese assembly houses since its debut at the SEMICON China-Shanghai,in mid-March. The development with Chinese companies will also be the key task for MACHVISION in the semiconductor market this year.

MACHVISION further states that Q1 is usually the slack season for equipment industry due to the exchange rate factor. However MACHVISION has risen substantially by 57.74% in the first quarter this year, compared with the same period last year. The growth for profits is optimistic. In light of the general exchange loss that affected the profits of listed and OTC companies in Q1, MACHVISION has taken appropriate actions since the second half of last year and hence the impact of exchange loss from every 1% of inflation in Taiwan Dollars is relatively lower compared with previous years.