1. MI Tech H1 2025 Earnings: A Disappointing Performance

MI Tech reported revenue of KRW 15.6 billion and operating profit of KRW 4 billion for H1 2025, falling short of market expectations. The decline in endoscope equipment sales was identified as the primary cause. However, the operating profit margin remained similar to the same period last year, demonstrating resilient profitability.

2. Reasons for Underperformance: Global Economic Slowdown and Temporary Setbacks

The underperformance is attributed to the global economic slowdown, temporary setbacks in the endoscope equipment business, and intensified competition.

3. MI Tech’s Hidden Growth Drivers: European Expansion and R&D Investment

Despite the disappointing results, MI Tech achieved a significant milestone with the European CE MDR certification. This paves the way for expansion in the European market and is expected to contribute to future revenue growth. Furthermore, continuous R&D investments are driving the development of new stent products, securing mid-to-long-term growth momentum. MI Tech’s strong financial health also stands out as a key strength.

4. Action Plan for Investors: A Long-Term Perspective Amidst Short-Term Volatility

While there may be short-term downward pressure on the stock price due to the underperformance, MI Tech holds long-term growth potential. Investors should maintain a long-term perspective, focusing on the company’s R&D achievements and European market penetration, rather than being swayed by short-term market reactions.