우리나라 쿠팡이랑 반도체는 다시 큰 위기로 들어가는군요.

Coupang (Ticker: CPNG) has announced its first quarter results for fiscal 2024.

우리나라
쿠팡이랑 반도체는 다시 큰 위기로 들어가는군요.

The main business performance is as follows.
Revenue: $71.14 billion (+23% Y/Y)
Net loss for the current period: $0.24 billion (reduced year-over-year)
Adjusted EBITDA: $28.1 Billion Surplus
Net earnings per share: $0

* * EBITDA(Earnings Before Interest, Taxes, Depreciation, and Amortization)

As Coupang's acquisition of Papecchi is completed at the end of January, it reflects the loss of Papecchi's business.

Excluding Papecchi's 2-month performance,
Net income amounted to $0.98 billion,
Adjusted EBITDA posted a surplus of $3.12 billion.

Compared to market forecasts,
Sales were 1.55% higher,
With earnings per share below 10.23%.

Let's look at indicators by major business categories.
Coupang is divided into Product Commerce and Development Offers.

Product Commerce: Coupang's e-commerce business
Revenue: $6.5 billion (+15% Y/Y)
Adjusted EBITDA: $46.7 billion surplus (up $17.9 billion year-over-year)

Development Offers: Global Business, Coupang Eats, Play, FinTech, Parfetch, And More
Revenue: $620 million (+337%) compared to the same period last year
Excluding Farfetch sales, 134% increase compared to 2023
ADJUSTED EBITDA: $186.0 MILLION (Papech's contributed deficit is $0.31 billion)

Coupang's performance announcement conference call and performance announcement data, which lasted for about 35 minutes
Our Pickool team was able to organize it as follows.

1. Coupang's e-commerce business: Competition with FLC, Rocket Fresh, and China's e-commerce
2. Coupang's New Business: Coupang Eats, Taiwan Business, Advertising Business
3. Papecch and AI

Let me take a closer look at this.

1. Coupang's e-commerce business: Competition with FLC, Rocket Fresh, and China's e-commerce

First, let's look at the key business indicators within the Product Commerce segment.
Number of active customers: 21.5 million (+16% year-over-year)
Net revenue per active customer: $302 (% year-over-year)
Net sales per active customer (based on fixed exchange rate): $315 (+3% year-over-year)

Coupang executives assessed that all cohorts saw an increase in spending.

In particular, as Chinese e-commerce operators such as AliExpress and Temu have recently aggressively entered the domestic market,
The response to them was also an eye-catching earnings announcement.

(Please refer to the comments for details.) It is predicted that Korea's semiconductor production share will reach about 20% of the global market in 2032, the highest ever.

This is the second-largest share after China, overtaking Taiwan, and the growth rate of semiconductor production capacity (capa) compared to 2022 is also expected to rank second after the United States.

The American Semiconductor Industry Association (SIA) and the Boston Consulting Group (BCG) predicted in a report "New Resilience of Semiconductor Supply Chain" on the 8th (local time) that Korea's production capacity in the global semiconductor market will reach 19% by 2032.

This is a 2 percentage point increase from 17 percent of production in 2022, the highest level ever. It is the second highest after China (21 percent), followed by Taiwan (17 percent) and the United States (14%).

As of 2022, Korea's share of semiconductor production was ranked third with Japan after China (24%) and Taiwan (18%).

However, it is analyzed that by 2032, the production share will be 19%, surpassing Taiwan.

The report divided semiconductor production areas into seven other regions, including Korea and the United States, Europe, Japan, Taiwan, China, Malaysia, Singapore and India.