1. Koh Young’s IR Presentation: What Was Discussed?
Koh Young recorded consolidated revenue of KRW 103.2 billion, operating profit of KRW 5.7 billion, and a net loss of KRW 1.5 billion in the first half of 2025. The 3D AOI business segment struggled due to decreased orders from smartphone clients, while the 3D SPI business segment showed solid growth thanks to increased demand from automotive electronics and servers. The FDA approval of the medical robot ‘Geniant Cranial’ is positive, but it has not yet translated into increased sales.
2. Reasons Behind the Sluggish Performance
The decline in the 3D AOI business segment is mainly attributed to a base effect compared to the same period last year. Increased R&D and SG&A expenses also contributed to the decline in profitability. The uncertain macroeconomic environment is also a burden.
3. Koh Young’s Future: Potential Opportunities
Koh Young expects a recovery in the 3D AOI business segment through the advancement of its AI-based smart factory platform ‘KSMART’ and expansion of its product lineup. The steady growth of the 3D SPI business segment and expansion of the medical robot business into the global market are also expected to be growth drivers.
4. Action Plan for Investors
- Thorough Analysis of the IR Presentation: Check the outlook for the 3D AOI business recovery, the performance of the KSMART platform, and plans for expanding medical robot sales.
- Monitoring Macroeconomic Variables: Continuously monitor the impact of macroeconomic variables such as interest rates, exchange rates, and raw material prices on Koh Young’s performance.
- Maintaining a Long-Term Perspective: It’s crucial to establish a long-term investment strategy considering Koh Young’s core competitiveness and growth potential, without being swayed by short-term performance fluctuations.