Jusung Engineering has announced a substantial rebound in its financial performance for the second quarter, reflecting a significant turnaround from earlier in the year. The South Korean company reported sales of 97.3 billion won (approximately $72 million), marking a remarkable 207% increase compared to the same period last year. This recovery is highlighted by an operating profit of 36.1 billion won, with a profit margin of 37%.
After a challenging first quarter where sales dropped 18% to 56.6 billion won, Jusung Engineering’s second-quarter success was bolstered by a strategic contract with SK Hynix to supply semiconductor equipment worth 19.4 billion won. This contract underscores the company’s expertise in Atomic Layer Deposition (ALD) technology, crucial for manufacturing processes in SK Hynix’s DRAM memory plant in Wuxi, China.
The market dynamics contributing to this recovery include increased factory utilization rates and resumed investments by semiconductor companies. Additionally, the recovery in OLED and solar power sectors is driving active orders for related equipment, further boosting Jusung Engineering’s performance.
Jusung Engineering’s robust specialization in deposition equipment and its competitive edge in ALD technology position the company well to capitalize on the rebounding semiconductor market. The firm’s expansion into OLED and solar power fields enhances its market presence and growth prospects for the coming quarters.
