Pian An Technology's revenue in April, 2025 reached 95,100,000 NTD, an annual increase of 21.71%.
Pian An Technology Co., Ltd. (8088) announced on May 9, 2025, that its consolidated revenue for April was NT$95.105 million, a 21.71% increase compared to the same period last year. The total revenue for the first four months of this year reached NT$386.827 million, a year-over-year increase of 11.16%. Despite fluctuations in monthly revenue, Pian An has maintained steady growth in the face of the volatile demand and fierce competition in the memory market, indicating the effectiveness of its product strategy and market positioning adjustments.
April Revenue Increases Over 20% Year-on-Year, Showing Steady Performance
According to the company's announcement, Pin An's consolidated operating revenue for April 2025 was NT$95.105 million, an increase of NT$16.962 million from NT$78.143 million in the same period last year, with a year-on-year growth rate of 21.71%. This marks the second month in a row that Pin An has achieved double-digit year-on-year revenue growth, continuing the growth trend of 22.34% in March.
Although April's revenue decreased by 21.2% from March's NT$120.694 million, it still demonstrated strong growth in a year-on-year comparison. This performance reflects Pin An's adjustments in product mix, customer demand, or shipping pace, effectively supporting annual revenue growth.
Cumulative Revenue for the First Four Months Increases by 11.16% Year-on-Year
As of the end of April 2025, Pin An's cumulative consolidated revenue for the year was NT$386.827 million, an increase of NT$38.851 million from NT$347.976 million in the same period last year, with a year-on-year growth rate of 11.16%. This data indicates that Pin An has maintained a stable revenue growth trajectory after the first quarter.
From the monthly revenue performance, Pin An's revenue in January 2025 was NT$85.760 million, slightly decreased to NT$85.268 million in February, significantly grew to NT$120.694 million in March, and then fell back to NT$95.105 million in April. Overall, despite fluctuations in monthly revenue, cumulative revenue continues to rise steadily, showing the company's ability to adjust to market changes.
Background: Memory Market Recovery and Pin An's Operational Turnaround
Pin An's revenue growth is closely related to the recovery of the memory market. According to previous reports, Pin An's single-month revenue in March 2025 reached NT$120 million, a year-on-year increase of 22.44%, and achieved a single-month earnings per share (EPS) of NT$0.259, surpassing the full-year EPS of NT$0.16 in 2024. The net profit for the parent company's owners that month was NT$15 million, a year-on-year increase of 400%.
Additionally, Pin An successfully reversed two consecutive quarters of losses in the fourth quarter of 2024, with quarterly revenue of NT$335 million, although it decreased by 12.3% year-on-year, the net profit for the parent company's owners reached NT$60 million, also a year-on-year increase of 400%, with a quarterly EPS of NT$0.99, the highest in five quarters. These figures indicate that Pin An has gradually emerged from the operational trough since the end of last year and has shown dual growth in revenue and profit at the beginning of 2025.
Industry Environment and Competitive Landscape
The memory industry in which Pin An operates has recently shown signs of supply and demand improvement. According to industry information, the capacity crowding effect of High Bandwidth Memory (HBM) and the production reduction effect of NAND Flash are gradually emerging, leading to a tightening of global memory supply, coupled with the completion of previous inventory adjustments, driving overall market demand to rebound.
Peers such as ADATA and Winbond have also announced revenue recovery news. For example, ADATA's April revenue reached NT$3.917 billion, a 13-month high, with a year-on-year increase of 1.7%; Winbond's March revenue was NT$7.573 billion, a year-on-year increase of 0.82%. These figures suggest that the memory industry's overall health is gradually improving, providing positive support for the revenue performance of companies like Pin An.
Significance of Pin An's Revenue Performance
Pin An's revenue performance in April 2025 continues the growth trend since the fourth quarter of last year. The year-on-year increase of 21.71% not only surpasses the industry average but also indicates that the company's adjustments in product strategy and market layout have been effective. The cumulative revenue increase of 11.16% for the first four months also lays a solid foundation for the full-year operation.
Despite fluctuations in monthly revenue, from the year-on-year growth rate and cumulative revenue, Pin An still demonstrates stable operational capability in the fiercely competitive memory market environment. Future revenue performance will still need to observe changes in market demand and the continuity of the company's strategy execution.
