[Click eStock] "JNTC Drives Growth with Increased Supply Volume in Greater China"

On the 22nd, SK Securities forecasted that 'JNTC' will show solid performance growth this year as the demand for parts from Chinese and other Greater China region mobile phone companies increases. JNTC is a KOSDAQ-listed company specializing in the production of strengthened glass cover glass (Cover Glass) needed for mobile phones and IT devices.

Min-kyu Kwon, an analyst at SK Securities, stated in a report on the same day, "Greater China region customers plan to launch 1 to 2 new models each quarter," adding, "Orders for parts to be installed in the newly launched models in the first quarter are rapidly increasing." He also analyzed, "Local demand for the new models released in January remains solid," and "As mass production models accumulate, JNTC, as a parts supplier, will steadily achieve external growth."

Analyst Kwon predicted, "JNTC will start supplying cover glass for IT devices from the second quarter of this year," and "It will be able to drive performance thanks to expanding market share with existing customers and acquiring additional customers." He added, "The IT cover glass will be mass-produced at the third factory, and as the operating rate increases, operating losses will decrease this year."

Meanwhile, JNTC recorded sales of 112.7 billion KRW in the fourth quarter of last year, a 180% increase compared to the same period the previous year. Operating profit turned positive at 5.2 billion KRW.