Surface Mount Technology (SMT) equipment company YJ Link is showing strong performance on its first day of listing. YJ Link expects its sales growth to accelerate from the second half of this year. With the funds raised through its initial public offering (IPO), the company plans to expand its production infrastructure across continents and strengthen its sales capabilities. It has set a goal to increase market share by enhancing its global network.
As of 10:23 AM on the 18th, YJ Link is trading at 17,240 KRW, up 43.67% from its public offering price of 12,000 KRW.
SMT technology is an essential process for launching new products in various advanced industries such as semiconductors, electric vehicles, and robotics. According to global research firm Technavio, the global SMT equipment market is expected to grow from approximately $5.7 billion in 2023 to about $8.2 billion by 2028, with a compound annual growth rate (CAGR) of around 7.7% over five years.
CEO Park Soon-il stated, "After listing on KOSDAQ, we will begin full-scale efforts to expand our global production infrastructure and broaden our customer base." He added, "We will enhance our market competitiveness by expanding our product lineup and strengthen our sales capabilities worldwide to become a leader in the global SMT platform sector."
YJ Link is growing alongside industries such as semiconductors, automotive electronics, and robotics, based on its capabilities in developing and producing SMT smart process equipment. The company has established a full SMT process line, including smart process equipment, SMT post-process equipment, logistics process equipment, and smart factory solutions. It aims to accelerate sales growth by enhancing product competitiveness, such as improving stability and operating rates. Leveraging world-class technology, YJ Link has secured numerous top-tier global clients, including Tesla, SpaceX, and ASE.
YJ Link has expanded SMT line supply to all EMS (Electronics Manufacturing Services) companies collaborating with Tesla, having supplied 15 out of 20 SMT line units for automotive electronic parts, accounting for 75%. Since 2010, it has provided equipment related to spacecraft and satellites to SpaceX and delivered 4 out of 7 semiconductor packaging machines to ASE, a leading global semiconductor package assembly and testing company.
YJ Link is increasing its supply of SMT smart process equipment based on the growth of global advanced industries such as electric vehicles, semiconductors, robotics, and aerospace. According to market research firm Global Information, the global automotive electronics market is expected to grow approximately 72%, from $250 billion in 2023 to $430 billion by 2030. In line with this, the company is expanding its smart process equipment lineup and production infrastructure to achieve steady performance growth.
More than 90% of YJ Link’s total sales come from exports, with over 50% of sales attributed to global top-tier clients with revenues exceeding 1 trillion KRW. Based on its supply history to global clients, the company has secured reliability for its equipment and serves a diverse range of customers, including EMS, automotive electronics, and semiconductor packaging companies.
Unlike other companies in the global market that reduce SMT process equipment production or focus mainly on PCB transfer equipment, YJ Link has secured a competitive edge by offering a full SMT process lineup. It has reduced the time required to produce a single product by approximately 17% and provides smart factory solutions that enable PC-based equipment control and remote management, equipping it with core capabilities to lead the SMT market.
The company possesses product manufacturing technology capable of a takt time of 10 seconds. While most lines currently operate with takt times in the 20-second range, configuring a full line with YJ Link’s 10-second takt time products could reduce the required factory floor space for customers by up to 50%.
Researcher Park Jong-seon of Eugene Investment & Securities explained, "YJ Link has built customer service capabilities based on five global sales corporations and 33 partner companies worldwide," adding, "It has succeeded in securing global top-tier clients." He also noted, "The freely tradable shares after listing account for 25.0% of the total shares, which is not a burdensome level."
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