[Click eStock] "YujinTech, Significant Expansion in Sales Proportion to Samsung Electronics"

Hanwha Investment & Securities analyzed on the 4th that Eugene Technology's sales proportion to Samsung Electronics is expected to expand significantly, and its potential needs to be considered.

Kim Kwangjin, a researcher at Hanwha Investment & Securities, stated in a report on the same day, "Eugene Technology's expected first-quarter performance is sales of 81 billion KRW and operating profit of 17.5 billion KRW, representing increases of 41% and 1056% respectively compared to the previous quarter," adding, "With the reflection of Samsung Electronics' P1 1a conversion investment and P3 1a new investment effects, sales growth compared to the previous quarter is expected, and the sales proportion to Samsung Electronics is estimated to have risen to around 90%."

In particular, it was explained that in the first quarter, supply was mainly focused on relatively profitable Single equipment, leading to an improved mix. With the removal of one-time cost effects reflected in the previous quarter, operating profit margin is expected to recover to above 20%.

Researcher Kim Kwangjin said, "Although the expected performance this year is forecasted to slightly decline compared to the previous year, the sharp decrease in orders from the existing largest customer SK Hynix will be offset by an increase in orders from Samsung Electronics, so the decline in profit will not be significant," and explained, "In the future, during the period when the capital investments of both customers normalize, explosive performance growth can occur."