TTMI Latest Report

Performance of the Quarterly Report

Based on the provided data, TTM Technology (TTMI) had an operating revenue of RMB651,965,000 as of December 30, 2024. Although direct year-on-year comparisons with previous data are not possible, it can be inferred that the operating revenue in this reporting period was relatively high, possibly reflecting the growth in market demand or the success of business expansion.

Key Data from the Quarterly Report

1. TTM Technology's operating revenue as of September 30, 2024 was US$1,792 million, up 7.68% year-on-year, a growth rate that exceeds the average of the information technology industry, demonstrating the company's competitiveness in the market.

2. TTM Technology has recently focused on providing advanced technology solutions, optimizing its product portfolio, especially in the wireless IoT and low-power Bluetooth chip fields, which has been effective in driving double-digit growth in revenue and gross profit.

3. Competitors in the industry such as Optowide are expected to see a YoY growth in net profit attributable to parent of 51.24%-63.64%, indicating the intensity of market competition.

Peer Comparison

1. Industry-wide analysis: The technology industry where TTM Technology is located has experienced rapid growth in recent years, especially in digital transformation and smart technology applications. The overall operating revenue of the industry has generally grown, providing a good market environment for TTM Technology.

2. Peer evaluation analysis: Compared with other companies in the same industry, TTM Technology performed well in operating revenue. Its operating revenue growth rate of 7.68% is higher than the industry average, showing its competitiveness and business execution in the market.

Summary

TTM Technology's operating revenue performance in 2024 is good, demonstrating its leading position in the industry. Despite the competitive market environment, TTM Technology has achieved revenue growth through effective product portfolio optimization and market expansion strategies. The market's cautious growth expectations for the company, however, limit its market capitalization and investment appeal.

Opportunities

1. TTM Technology can continue to optimize its product portfolio, especially in the wireless IoT and low-power Bluetooth chip fields, to meet the changing market demands.

2. With the overall industry growth, TTM Technology can seize market expansion opportunities, especially in overseas markets.

3. The company can leverage its technological advantages to launch more innovative products to enhance market competitiveness.

Risks

1. The strong performance of other companies in the industry may intensify market competition, affecting TTM Technology's market share.

2. The market's cautious attitude towards TTM Technology's future growth may limit its P/E ratio and investment appeal.

3. If the company fails to continuously innovate and effectively respond to market changes, it may face the risk of sluggish revenue growth.