Dongjin Semichem (005290) Q1 2025 earnings summary

Executive summary

• Manufactures semiconductor/display materials, alternative energy materials, and foaming agents, with a global presence and 24 consolidated subsidiaries as of March 2025.

• Q1 2025 revenue reached KRW 368.1 billion, up 10.5% year-over-year, with operating profit of KRW 58.5 billion.

• Major customers include Samsung Electronics, BOE, SK Hynix, and LG Display, accounting for over 75% of sales.

Financial highlights

• Q1 2025 consolidated revenue: KRW 368.1 billion (+10.5% YoY); operating profit: KRW 58.5 billion (+24.2% YoY).

• Net income attributable to owners: KRW 37.5 billion; basic EPS: KRW 729.

• Gross margin improved to 26.6% from 24.6% YoY.

• Cash and cash equivalents at quarter-end: KRW 415.1 billion.

• R&D expenses: KRW 13.9 billion (3.8% of sales).

Outlook and guidance

• No confirmed new business lines as of March 2025; will disclose if new projects are finalized.

• Focus remains on expanding semiconductor and display materials, and next-generation energy materials.