DOOSAN TESNA (131970) Q3 2024 earnings summary

Executive summary

• Specializes in semiconductor testing, focusing on system semiconductors with diversified product lines including SoC, CIS, MCU, and Smartcard ICs.

• Main business is wafer and package testing, with the majority of revenue from wafer testing.

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

Financial highlights

• 2024 Q3 consolidated revenue: ₩290.3 billion, down from ₩338.7 billion in 2023 Q3.

• Operating income for 2024 Q3: ₩39.1 billion, down from ₩60.8 billion in 2023 Q3.

• Net income for 2024 Q3: ₩36.4 billion, compared to ₩49.1 billion in 2023 Q3.

• Basic EPS for 2024 Q3: ₩1,890, down from ₩2,853 in 2023 Q3.

• Cash and equivalents at Q3 end: ₩72.1 billion, down from ₩79.0 billion at 2023 year-end.

Outlook and guidance

• Continues to invest in semiconductor testing capacity and R&D for new test programs.

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