DOOSAN TESNA (131970) Q2 2024 earnings summary

Executive summary

• Specializes in semiconductor testing, focusing on system semiconductors, with major products including SoC, CIS, MCU, and Smartcard ICs. Operations are based in Pyeongtaek and Anseong, Korea.

• No significant changes in business scope or major new business initiatives during the reporting period.

• Acquired 100% of Engeon Co., Ltd. in January 2024, expanding consolidated financial reporting.

Financial highlights

• Consolidated revenue for H1 2024 was ₩191.6 billion, down from ₩338.7 billion in H1 2023.

• Operating income for H1 2024 was ₩28.0 billion, compared to ₩60.8 billion in H1 2023.

• Net income for H1 2024 was ₩30.4 billion, down from ₩49.1 billion in H1 2023.

• Basic EPS for H1 2024 was ₩1,581, compared to ₩2,853 in H1 2023.

• Cash and equivalents at June 30, 2024, were ₩46.8 billion, down from ₩79.0 billion at year-end 2023.

Outlook and guidance

• The company continues to invest in semiconductor testing capacity and R&D, with a focus on maintaining financial stability despite industry volatility.

• No new business lines planned; focus remains on core semiconductor testing services.