1. Haesung DS Q2 Earnings and Key Issues
Haesung DS reported KRW 294.9 billion in revenue and KRW 8.6 billion in operating profit for the first half of 2025, reflecting a challenging period. Declining PC and server markets impacted package substrate sales, and rising raw material prices contributed to decreased profitability. However, leadframe sales benefited from increasing demand for automotive semiconductors, and the company is actively pursuing new growth engines like graphene technology.
2. Key IR Takeaways and Investor Expectations
Investors are looking for concrete explanations of the Q2 results and positive signals regarding future prospects. Specifically, they seek clarity on strategies to reverse declining profitability, progress in graphene development, and plans to capitalize on the growing automotive semiconductor market.
3. Investment Implications and Key Checkpoints
- Carefully analyze the IR presentation to assess changes in fundamentals and growth potential.
- Examine the company’s specific plans for improving profitability and their feasibility.
- Continuously monitor external factors, including intensifying competition in the leadframe market, the pace of semiconductor market recovery, and growth trends in the automotive semiconductor market.
- Evaluate Haesung DS’s ability to manage potential risks, such as raw material price fluctuations, exchange rate volatility, and financial burdens.
This IR meeting will be a crucial indicator of Haesung DS’s future. Investors should carefully analyze the information presented and reassess their investment strategies accordingly.