JUSUNG ENGINEERING Co. (A036930) Q4 2024 earnings summary

Executive summary

• Revenue for FY2024 reached ₩409.4 billion, up 43.8% year-over-year, driven by strong semiconductor equipment sales.

• Operating income surged 235.9% to ₩97.2 billion, with an operating margin of 23.7%.

• Net income soared 214.2% to ₩106.8 billion, reflecting robust profitability and improved cost structure.

• Growth attributed to increased overseas sales and expansion in semiconductor and display equipment markets.

• Company maintains a leading position in ALD technology for advanced semiconductor and display manufacturing.

Financial highlights

• Revenue: ₩409.4 billion (FY2024), up from ₩284.7 billion in FY2023.

• Operating income: ₩97.2 billion, up from ₩28.9 billion year-over-year.

• Net income: ₩106.8 billion, up from ₩34.0 billion year-over-year.

• Cash and cash equivalents: ₩250.7 billion at year-end, up from ₩110.6 billion.

• Total assets: ₩986.8 billion, up 22.6% from previous year.

Outlook and guidance

• Anticipates continued growth in semiconductor and display equipment demand, especially for advanced process nodes.

• Plans to leverage proprietary ALD and CVD technologies to expand into memory and non-memory applications.

• Focus on R&D for next-generation solar cell and OLED display equipment to capture emerging market opportunities.

• Company expects to maintain high profitability through operational efficiency and global market expansion.