AIMPACT IR Key Takeaways: Opportunities and Threats

AIMPACT recorded sales of KRW 50.06 billion in the first half of 2025, a 19.4% increase year-on-year, but struggled with profitability, posting an operating loss of KRW 1.42 billion and a net loss of KRW 4.01 billion. High debt-to-equity ratio (204.12%) and low capacity utilization (around 20%) remain ongoing burdens.

What are the Challenges? Financial Risks and Low Profitability

  • High debt-to-equity ratio and lack of liquidity: The scale of short-term borrowings is substantial, and the shortage of cash and cash equivalents raises concerns about financial soundness.
  • Continuous operating losses: The burden of cost of sales and selling, general and administrative expenses, and increased financial expenses contribute to continued losses. Low capacity utilization exacerbates the fixed cost burden.
  • Semiconductor market downturn: The downturn in the memory semiconductor market directly impacts AIMPACT’s business.

How will they overcome these challenges? Growth Drivers and Future Strategies

  • Expansion into Non-Memory Business: AIMPACT is pursuing diversification from memory-centric business to non-memory (System IC) and expects to benefit from the growth of the system semiconductor market.
  • Providing Turn-Key Solutions: The company is strengthening its capabilities to provide integrated packaging and testing solutions to enhance competitiveness.
  • Strengthening Technological Competitiveness: AIMPACT is securing next-generation technological competitiveness through R&D activities such as Touch IC, eMMC Program, and Sensor IC Test Solution.
  • Sale of Eumseong Factory: Efforts are underway to improve financial structure and secure liquidity.

Investor Action Plan: Key Observation Points for the IR

Investors should focus on the following points during the IR session:

  • Concrete plans for improving financial structure and profitability
  • Sales growth outlook and profitability strategies for the non-memory business segment
  • Measures to secure new customers and reduce reliance on existing customers
  • Plans and expected timeline for improving low capacity utilization

AIMPACT’s future hinges on the innovative growth strategies and financial restructuring plans presented in this IR. Investors should thoroughly analyze the IR content and critically assess the company’s growth potential through the management’s responses.