[Special Stock] KC Tech Surges Amid Strong Earnings and Dividend Prospects

Semiconductor equipment company KC Tech is experiencing a sharp rise in its stock price following the simultaneous announcement of share buyback cancellation and cash dividends along with excellent performance.

As of 9:32 AM on the 6th, KC Tech's stock price is trading at 32,850 KRW, up 11.4% compared to the previous day. The day before, KC Tech announced three disclosures together, including last year's performance, a decision to cancel treasury shares, and a cash dividend decision.

Based on individual financial statements, KC Tech's sales last year were 385.4 billion KRW, a 34% increase compared to 2023. Operating profit also surged 52% to 49.8 billion KRW. These figures exceed the securities industry's expectations (sales of 341 billion KRW, operating profit of 40 billion KRW). This is the result of supplying equipment to SK Hynix last year following Samsung Electronics.

The day before, KC Tech decided on a 5 billion KRW scale treasury share cancellation along with a cash dividend of 270 KRW per share, totaling 5.3 billion KRW.