业绩符合预期,指引稍逊于预期:4Q24 收入5.39 亿美元,略高于我们和市场的预期,毛利率11.4%略低于我们和市场的预期。管理层指引1Q25 收入中位数5.4 亿美元(5.3-5.5 亿美元),毛利率中位数10%(9-11%),略逊于我们和市场预期。管理层提到,ASP 基本稳定,毛利率不及预期的主要原因是无锡第二条产线上线过程中对成本的压力。新管理层推动产品和技术创新:2025 年初,有逾30...
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