Hivision System Reports Q2 Operating Profit of 22.5 Billion KRW... "Achieves Record Highest Quarterly Performance"

[Asia Economy Reporter Hyunseok Yoo] High Vision System, a specialized company in smartphone camera module inspection equipment, recorded its highest quarterly performance in the second quarter, delivering an earnings surprise that exceeded market expectations.

On the 17th, High Vision System announced that its second-quarter sales increased by 139.9% year-on-year to 89 billion KRW, and operating profit rose by 815.2% to 22.5 billion KRW. The first half sales reached 104 billion KRW, and operating profit successfully turned positive compared to the previous quarter.

The record-breaking performance was mainly driven by ▲ increased sales of Active Align equipment for dual and triple cameras ▲ continued sales of Time of Flight (ToF) module inspection equipment ▲ increased sales of equipment upgrade services. Additionally, some sales that were not recognized in the first quarter and some sales scheduled for the third quarter were reflected in the second quarter, resulting in a significant increase in operating profit compared to previous quarters.

High Vision System plans to secure growth momentum through business diversification by entering inspection equipment related to the 4th industrial revolution based on its core technologies.

Choi Doowon, CEO of High Vision System, said, “High Vision System aims to become a global leading company in vision robotics technology by leveraging vision and image inspection software, in-house hardware development, and robot technology, which is the core of automation, to enter fields related to the 4th industrial revolution and secure sustainable growth momentum.”