Jaeyoung Solutec's Q3 Operating Profit Surges 198% YoY... Hybrid OIS Growth Accelerates

Jaeyoung Solutec achieved strong results due to increased sales of optical image stabilization (OIS) actuator devices and improved yield rates.

The company announced on November 12 that its consolidated sales for the third quarter reached 44.4 billion won, with an operating profit of 3.9 billion won. Excluding the performance of the mold division, which ceased operations at the end of August last year, sales increased by 82% and operating profit by 198% compared to the same period last year. During the same period, net profit turned positive, reaching 4.5 billion won.

Sales of OIS actuators, which are high-end devices, surged by 202% year-on-year, driving overall performance growth. In particular, profitability improved significantly as the production yield of the industry’s first hybrid OIS, developed by the company, stabilized. In the second quarter, profit margins had temporarily declined due to a drop in yield rates during the initial phase of mass production.

In the fourth quarter, the company expects the performance improvement trend to continue, driven by the expansion of models adopting hybrid OIS and an increased market share among major customers. As OIS sales rapidly increase and become the company’s flagship product, annual OIS revenue is expected to reach the 100 billion won range this year.

A company representative stated, “Third-quarter sales and profitability grew significantly due to a surge in high-value OIS sales and yield stabilization,” adding, “With our leading position in the actuator market established through mass production of hybrid OIS and expanded participation in next-generation model development, we expect this strong performance to continue in the fourth quarter and into next year.”

The representative further emphasized, “We will continue to strengthen the foundation for sustainable growth by expanding research and development and enhancing production efficiency.”