Dongjin Semichem Co (A005290) Q2 2024 earnings summary

Executive summary

• Revenue for 2024 H1 reached ₩688.4 billion, up 1.78% year-over-year, with operating profit at ₩97.0 billion and net profit attributable to owners at ₩82.6 billion.

• Domestic electronic materials sales grew 6.63% year-over-year, while overseas electronic materials declined 2.94%.

• The company maintains a strong presence in semiconductor and display materials, with major clients including Samsung Electronics, BOE, SK Hynix, and LG Display.

Financial highlights

• Operating profit margin for H1 2024 was 14.1%, with net profit margin at 12.0%.

• Cash and cash equivalents increased to ₩308.4 billion from ₩272.6 billion at year-end 2023.

• Total assets rose to ₩1.82 trillion, and equity increased to ₩933.8 billion.

• R&D expenses for H1 2024 were ₩30.5 billion, 4.43% of sales.

Outlook and guidance

• No confirmed new business lines as of June 30, 2024; future new business plans will be disclosed upon finalization.

• The company expects continued stable demand from major semiconductor and display clients, with growth potential in China and new investments in high-value materials.