[Public Notice+] HCT Posts Operating Profit of 3.2 Billion KRW in Q3, Up 60.6% YoY

[Asia Economy Reporter Eunmo Koo] HCT announced on the 3rd that its operating profit based on consolidated financial statements for the third quarter of this year was tentatively estimated at 3.236 billion KRW, a 60.6% increase compared to the same period last year. During the same period, sales increased by 19.7% to 13.826 billion KRW, and net profit also rose by 66.0% to 2.753 billion KRW.

On a cumulative basis, sales reached 39.4 billion KRW and operating profit 8.1 billion KRW, surpassing last year's record operating profit of 7.2 billion KRW within just three quarters.

The simultaneous growth in scale and substance is attributed to the expansion of testing and certification centered on 5G. Cumulative testing and certification sales for the third quarter amounted to 39.4 billion KRW, an 18.0% increase compared to the same period last year. In particular, testing related to 5G, a high value-added service, showed significant growth. Despite the ongoing impact of COVID-19, the front-end markets of 5G infrastructure and terminal industries continued to grow, driving demand for related testing.

The 5G market is expected to continue expanding, supported by the full-scale launch of 5G products by global smartphone manufacturers. Additionally, infrastructure investments to support the distribution of 5G terminals are steadily progressing, including discussions led by government agencies on building a 5G data highway worth up to 25.7 trillion KRW.

The company plans to strengthen its testing and certification business for automotive devices and batteries to solidify its growth foundation. In particular, it aims to expand the testing scope from small and medium-sized batteries to large batteries, securing a leading position in the secondary battery testing and certification market, which is called the "second semiconductor."

Lee Suchan, CEO of HCT, stated, “For a company to grow, it is essential not only to advance technology as demanded by the times but also to expand production capacity and diversify business sectors. We will not be complacent with the current growth achieved through past efforts but will continuously explore various ways to sustain this growth.”

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