EM&I Submits Audit Report "Completion of Liquidation of Chinese Subsidiary... Continued High Growth in Performance"

EM&I announced on the 24th that it submitted its audit report last year and plans to continue its strong performance growth.

According to the audit report, last year's individual financial statements showed sales of 29.7 billion KRW, marking a 21% increase compared to the same period the previous year. Operating profit and net profit turned positive, recording 300 million KRW and 1.5 billion KRW respectively.

The liquidation of the underperforming China Huizhou subsidiary and the recovery of the organic light-emitting diode (OLED) market contributed to the strong performance. Going forward, the company plans to operate the Chinese market through an office dedicated to customer response and raw material supply management.

The company stated, "With the establishment of a stable and efficient profit structure and positive changes in the market conditions, we expect to continue performance growth this year," adding, "We also anticipate a concurrent rise in OLED demand driven by increased demand for high-resolution extended reality (XR) displays."

On the same day, Samjong KPMG evaluated in its report titled 'The Fusion of Virtual and Reality, the Full-scale Arrival of the XR Era' that the technology development and investment by global big tech companies are key factors leading the XR era. The report explained that the market is expected to expand by applying XR in future mobility fields such as virtual driving simulations and extended head-up display (HUD) systems.

Meanwhile, Samsung Electronics is preparing to launch its first XR headset. The headset is known to have a pixel density of 3800 PPI (pixels per inch), higher than that of Apple Vision Pro. It is anticipated that after releasing a high-end XR product first, the lineup could be expanded to include more affordable models.