1. What Happened at Nextchip?
Nextchip reported revenue of KRW 9.3 billion, operating loss of KRW 2.7 billion, and net loss of KRW 4.5 billion for H1 2025. While revenue increased significantly YoY, the company remains unprofitable.
2. Why These Results?
- Positive Factors: ISP product sales growth, high export ratio, expansion into robotics/drone markets, technological competitiveness, weak KRW
- Negative Factors: Complete capital impairment, continuous operating losses, unstable financial structure, high R&D expenses, past IR forecast errors
3. What’s Next for Nextchip?
The market acknowledges Nextchip’s sales growth but remains concerned about its financial stability. While the weak KRW and stable oil/logistics environment may provide tailwinds, the company’s path to profitability remains a critical factor.
4. What Should Investors Do?
Investing in Nextchip presents both high growth potential and significant risk. Short-term investors should be wary of financial risks, while long-term investors should closely monitor the possibility of turning profitable and the performance of new businesses. Key factors to watch include H2 2025 earnings, robotics/drone business performance, efforts to resolve capital impairment, and management of convertible bond risks.