1. Jusung Engineering IR: Key Highlights
On August 26, 2025, Jusung Engineering presented its H1 2025 earnings and key business updates to investors. Here are the key takeaways:
- Robust Revenue Growth: Driven by the semiconductor equipment segment, revenue reached ₩199.6 billion, a 29.7% YoY increase.
- Next-Generation Technology Leadership: Focus on developing next-generation semiconductor technologies (III-V, III-VI compound semiconductors, high-k, ferroelectric materials, noble metals) and strengthening competitiveness in solar (tandem solar cells) and display (oxide TFT, encapsulation).
- Stable Order Backlog: ₩107.6 billion for semiconductor equipment and ₩10.2 billion for display equipment, ensuring future revenue visibility.
- Increased R&D Investment: Short-term profitability decline due to increased R&D investment for future growth engines.
2. Investment Implications of the IR Event
This IR showcased both the growth potential and risks associated with Jusung Engineering. Investors should pay close attention to the following:
- Positive Factors: Strong revenue growth, next-generation technology leadership, and a stable order backlog enhance investment appeal.
- Cautionary Factors: Declining profitability due to increased R&D investment poses a short-term headwind. Exchange rate volatility is another risk to monitor.
3. Future Growth Drivers and Investment Strategies
Jusung Engineering is poised for solid growth in the semiconductor equipment market, aligned with the expansion of AI and advanced packaging. The company is also securing new growth engines in solar and display. Investors should consider the following strategies:
- Long-term Investment Perspective: Considering Jusung Engineering’s next-generation technology leadership and competitiveness in growth industries, a long-term investment horizon may be favorable.
- Short-term Investment Perspective: Carefully monitor short-term risk factors, including profitability improvement and exchange rate fluctuations.