[Click eStock] "Jahwa Electronics Expected to Achieve Record Sales in 2024"

Daishin Securities forecasted on the 16th that Jahwa Electronics will record its highest sales in 2024.

Park Kang-ho, a researcher at Daishin Securities, stated in a report on the same day, "The full-scale sales and profits related to the supply of actuators for new models to North American strategic clients will be reflected in the fourth quarter of this year," and predicted, "In the fourth quarter, quarterly highest sales of 194.3 billion KRW and operating profit of 10.6 billion KRW are expected, representing a 129% increase compared to the same period last year, successfully turning profitable."

Next year, it is analyzed that the annual highest sales and significant operating profit are estimated due to the increase in models applying folded zoom cameras.

Researcher Park Kang-ho said, "There is competitiveness in OIS (actuators) for folded zoom cameras, and since we have secured Samsung Electronics, Chinese smartphone companies, and North American strategic clients simultaneously, high growth is expected," and forecasted, "Operating profit will turn positive to 45.4 billion KRW in 2024, compared to an estimated -40.8 billion KRW this year."