Hi-Vision System Reports 200 Billion KRW in Cumulative Q3 Sales... "Continued Equipment Sales"

[Asia Economy Reporter Hyunseok Yoo] Highvision System, a specialized company in smartphone camera module inspection equipment, announced on the 15th that its cumulative sales for the third quarter on a consolidated basis surpassed 200 billion KRW.

Highvision System disclosed that its consolidated sales for the third quarter increased by 100.6% year-on-year to 103.876 billion KRW, and operating profit rose by 141.6% to 17.248 billion KRW. As a result, cumulative consolidated sales for the third quarter reached 207.912 billion KRW, with an operating profit of 37.262 billion KRW.

The company stated that these results were mainly driven by ▲ continued sales of Active Align equipment for dual and triple cameras ▲ increased sales of Time of Flight (ToF) module inspection equipment. However, operating profit decreased by 23.5% compared to the previous quarter due to increased overseas personnel costs caused by COVID-19.

Highvision System’s strategy is to lead the Fourth Industrial Revolution by developing and discovering various core technologies and promoting technological convergence based on the technologies the company possesses.

Choi Doowon, CEO of Highvision System, said, “Highvision System’s business scope has expanded from the currently operated smartphone camera module inspection market to the assembly field of smart parts and camera parts. With increased investment in internalized technology, operating profit is growing, and through overseas expansion, we will secure continuous growth momentum and prepare for the next 10 years.”