[Asia Economy Reporter Hyungsoo Park] Hana Financial Investment analyzed that attention should be paid to Techwing's increased operating profit margin in the first quarter of this year.
Techwing recorded sales of 60.4 billion KRW on a separate basis in the first quarter. This represents an increase of 0.98% compared to the previous quarter and 77.72% compared to the same period last year.
Kim Kyungmin, a researcher at Hana Financial Investment, explained, "The first quarter for Techwing is the off-season among the four quarters," adding, "It is difficult for first-quarter sales to increase compared to the previous quarter."
He continued, "Maintaining sales at a similar level to the previous quarter's 59.8 billion KRW is a positive factor," and added, "Sales of memory semiconductor equipment, which is the core business, and consumables for equipment were solid."
Researcher Kim emphasized, "Among the provisional performance indicators on a separate basis, the most notable is the operating profit margin," highlighting that "it improved significantly to 24.3% from 15.7% in the previous quarter."
He stated, "Consumables have an advantage in terms of profit margin compared to semiconductor equipment," and analyzed, "Memory handlers are the foundational business of Techwing, and since Techwing has supplied various customers for a long time, it maintains stable margins."
Additionally, he said, "It is estimated that consolidated sales will reach 299.8 billion KRW and operating profit will be 57.5 billion KRW this year."
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