Techwing (089030) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 was ₩137.8 billion, up 3.2% year-over-year, with operating income of ₩18.9 billion and net income of ₩4.5 billion, marking a return to profitability after a loss in the prior year.

• The company’s main business is semiconductor test and inspection equipment, with a global customer base including major semiconductor manufacturers.

• The company expanded its business scope to include solar power generation, aiming for long-term, stable revenue streams.

Financial highlights

• Consolidated revenue for 2024 Q3 YTD: ₩137.8 billion (2023: ₩133.6 billion).

• Operating income: ₩18.9 billion (2023: ₩3.2 billion); net income: ₩4.5 billion (2023: -₩11.1 billion).

• EPS: ₩146 (2023: -₩260).

• Cash and equivalents at period end: ₩22.6 billion.

• Gross margin improved, with cost controls and higher-margin product mix.

Outlook and guidance

• The company expects continued growth in semiconductor test equipment demand, driven by AI, HBM, and memory market recovery.

• Solar power business is expected to contribute to stable, long-term revenue.

• Ongoing R&D investment to strengthen competitiveness and expand into new markets.