[Click eStock] "MTI, Beneficiary of Semiconductor Investment Expansion Timing"

[Asia Economy Reporter Ji Yeon-jin] Shinhan Financial Investment forecasted on the 6th that M2I will significantly benefit during the period of expanded semiconductor investment.

M2I operates the 'HMI (Human Machine Interface)', a machine operation dashboard, and the 'Smart Factory Solution SCADA System' business in smart factories. Since its establishment in 1999, it has steadily promoted localization with its self-developed HMI, showing stable sales growth every year.

Last year's expected sales composition was 96.8% HMI and 2.4% SCADA and smart factory solutions.

Based on high versatility, HMI is adopted in smart factory facilities across various industries such as semiconductors, secondary batteries, displays, pharmaceutical bio, and automobiles. From 2016, the domestic smart factory market showed a stable growth rate with an average annual growth rate of about 11.6% over five years, while M2I's sales recorded an average annual growth rate of 17.9%, significantly exceeding the market growth rate during the same period.

Researcher Hwang Seong-hwan of Shinhan Financial Investment said, "Building smart factories requires high quality, fast delivery, and customer response due to the nature of the industry. M2I has completed quality verification over more than 20 years since its establishment in 1999 and can respond quickly to domestic customers compared to overseas competitors. As a result, rapid localization has been achieved in the domestic market, which was previously dominated by foreign products, and it has grown into the No.1 HMI solution provider in Korea."

The main customers include Samsung Electronics, SK Hynix, and major semiconductor equipment companies, with the semiconductor industry accounting for about 55% of total sales. Researcher Hwang added, "In the semiconductor field, customer customization and rapid technical support are important. For example, after the strengthening of industrial safety regulations emphasized explosion-proof environments in industrial sites, M2I quickly launched multifunctional, high-spec explosion-proof products requested by customers, achieving steep sales growth."

Last year's sales amounted to 39.5 billion KRW, an increase of 18.9% compared to the previous year, and operating profit is estimated to have increased by 16.7% to 12.6 billion KRW.

This content was produced with the assistance of AI translation services.