First-Ever Annual Sales Surpass 400 Billion Won
Record-High Quarterly Performance in Q4... Profitability Proven
Rapid Increase in Clients Adopting 'ONE AI' Solution
Duzon Bizon achieved results in the fourth quarter of last year that exceeded market expectations. There is growing confidence in its continued growth in the artificial intelligence (AI) software sector.
According to the financial investment industry on the 7th, Duzon Bizon has risen 38.1% this year. The stock price reached 88,000 won, setting a new 52-week high. The market capitalization expanded to 2.67 trillion won. Institutional investors have been continuously buying for eight trading days since the 22nd of last month, recording a cumulative net purchase of 43.5 billion won, driving the stock price upward.
Duzon Bizon recorded consolidated sales of 111.5 billion won and operating profit of 29.5 billion won in the fourth quarter of last year. This is the highest quarterly performance ever. Compared to the same period last year, sales increased by 7.6% and operating profit rose by 18.9%. The operating profit margin for the fourth quarter reached 26.4%. The fourth-quarter operating profit exceeded market expectations by more than 20%.
Buoyed by the strong fourth-quarter performance, the company surpassed annual sales of 400 billion won for the first time since its founding. This comes four years after surpassing 300 billion won in sales in 2020. Last year, on a consolidated basis, sales reached 402.3 billion won and operating profit was 88.1 billion won, up 13.5% and 21.7% respectively from the previous year.
A company representative explained, "Breaking through 400 billion won in annual sales is the result of harmonizing differentiated technological competitiveness," adding, "We will continue to advance cloud and AI-related technologies and actively expand into overseas markets."
Duzon Bizon offers services such as the enterprise business platform 'WEHAGO', 'Amaranth10', and 'OmniEsol'. While existing solutions are growing steadily, the productivity innovation AI tool 'ONE AI', launched last year, is rapidly increasing its customer base.
ONE AI integrates AI into key solutions such as Enterprise Resource Planning (ERP), groupware, and Enterprise Data Management (EDM) to automate work processes and enhance efficiency and convenience. Within six months of its launch in June last year, it signed adoption contracts with 2,000 companies.
So-hye Kim, a researcher at Hanwha Investment & Securities, analyzed, "The price of high-performance AI models will gradually decrease," adding, "Duzon Bizon, which can connect these to its customers, will definitely benefit." She further noted, "If sales from contracted AI products begin in earnest, profitability will be maximized."
Byung-hwa Lee, a researcher at Shinhan Investment Corp., also introduced, "As companies actively adopt AI in their work, AI software monetization models will attract attention," adding, "AI software companies are hitting 52-week highs in overseas stock markets as well." He emphasized, "With the full effect of ONE AI's penetration expanding, operating profit will increase rapidly," and "The trend suggests securing more than 10,000 customers by the end of this year."
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