Sungmoon Electronics announced on May 15 that it achieved strong first-quarter results, driven by the development of high-quality, high-functionality products.
On a consolidated basis, Sungmoon Electronics recorded sales of 13.5 billion KRW, operating profit of 800 million KRW, and net profit of 900 million KRW in the first quarter. These figures represent increases of 18.2%, 53.8%, and 42.0%, respectively, compared to the same period last year.
The company stated, "As the demand for safety in capacitors that can minimize risks from fire and environmental factors becomes more prominent, the demand for deposition film for capacitors, which is a core material for power electronic devices, is increasing." The company added, "Our 85/85 Film product, which demonstrates excellent performance in high-temperature and high-humidity environments, is expected to secure competitiveness in the market."
Meanwhile, the domestic deposition film industry is expected to see high growth in demand for film capacitors, driven by the expansion of the eco-friendly vehicle market (HEV, EV, hydrogen), the resulting increase in demand for key component materials, and the need for stable power operation due to the rise in renewable energy and electricity demand.
Sungmoon Electronics stated, "We will align with the industry's trend that welcomes environmentally friendly products, in addition to the demand for safety and performance." The company added, "By focusing on the production of environmentally friendly, high-efficiency metal deposition films for capacitors with enhanced safety, we will continue to grow through the development and production of products that can expand our global supply chain and meet market demand."
Sungmoon Electronics is a listed company that manufactures metal deposition films for film capacitors. Its headquarters is located in Segyo-dong, Pyeongtaek, and it operates a production base in Qingdao, China.
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