[Announcement+] CoAsia Reports Operating Profit of 20.7 Billion KRW Last Year 'Earnings Surprise'..."Accelerating System Semiconductor Foundry DSP Business"

[Asia Economy Reporter Hyunseok Yoo] KoAsia, which has entered the system semiconductor foundry design solution (DSP) business, announced strong performance last year with significant growth compared to the previous year.

KoAsia announced on the 14th that its consolidated sales for the fourth quarter reached 168.2 billion KRW, and operating profit was 6.6 billion KRW. This represents an increase of 81.1% and 431.9%, respectively, compared to the same period last year. Net profit for the same period recorded 3.2 billion KRW, successfully turning to a surplus.

Annual results also showed significant growth compared to the previous year. Consolidated sales last year reached 500.1 billion KRW, operating profit 20.7 billion KRW, and net profit 12.9 billion KRW.

This is the result of a favorable market environment and the full reflection of management efficiency improvements and structural reforms of major subsidiaries. Speaker and microphone module company BSE increased the proportion of high-value-added products due to the expansion of the wireless earphone market. Camera module company HNT VINA also generated stable performance due to increased shipments of entry-level models in emerging markets and expanded adoption of multi-camera systems.

Based on the strong performance of its subsidiaries, the company plans to accelerate its newly entered system semiconductor foundry design solution business. It is expected to achieve concrete results by carrying out various global order projects leveraging its collaboration history with the largest semiconductor company in Korea.

KoAsia entered new businesses last year and completed procedures such as ▲establishing the Hong Kong subsidiary KoAsia Semi ▲acquiring Nexel, a system semiconductor AP (application processor) design specialist, and investing in SemiHow. In addition to the Hong Kong subsidiary, the company has completed establishing corporations in the United States, Korea, China, and Taiwan, and plans to develop the foundry design solution business at global hubs.

A company official stated, "We will focus on the new business entered last year and successfully expand our business areas," adding, "The favorable conditions in the system semiconductor foundry market and the trend of global semiconductor companies expanding investments in system semiconductors are also positive." He emphasized, "This year will be the first year when the synergy effect between stable existing businesses and promising new businesses will be fully realized."

This content was produced with the assistance of AI translation services.