[Click eStock] "S&S Tech, Strong Performance in Q1"

[Asia Economy Reporter Hyungsoo Park] NH Investment & Securities analyzed on the 14th that SNS Tech's sales in the first quarter met the existing forecast, indicating a strong performance despite the COVID-19 pandemic.

SNS Tech recorded sales of 25.1 billion KRW and operating profit of 3.8 billion KRW in the first quarter of this year. These figures represent increases of 42.8% and 90.4%, respectively, compared to the same period last year.

Sehoon Son, a researcher at NH Investment & Securities, stated, "It is estimated that about 70% of the first quarter sales were related to displays," adding, "Despite the investment gap among domestic display companies, sales to Chinese display companies increased due to their expanded investments."

He continued, "In the past, we supplied only to a single Chinese photomask company," and added, "In the third quarter of 2018, we secured new Chinese customers and also obtained supply approval for the Chinese branch of a US photomask company."

Researcher Son emphasized, "As the only blank mask manufacturer in Korea, we expect to benefit from increased Chinese display investments and the resumption of non-memory investments by customers after COVID-19 stabilizes," and highlighted, "Developing EUV pellicles could also lead to a revaluation of the company's value."

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