Hanmi Semiconductor Reports Q2 Sales of 108.7 Billion KRW and Operating Profit of 35.7 Billion KRW

[Asia Economy Reporter Hyungsoo Park] Hanmi Semiconductor, a semiconductor equipment development company, announced on the 19th that it recorded sales of 108.7 billion KRW and operating profit of 35.7 billion KRW in the second quarter based on separate financial statements. With an operating profit margin of 32.8%, it achieved the highest quarterly performance since its establishment. This is the first time that quarterly sales have exceeded 100 billion KRW since Hanmi Semiconductor was founded.

Compared to the same period last year, sales and operating profit increased by 76.9% and 79.8%, respectively. On a cumulative basis for the first half of the year, sales reached 179.2 billion KRW and operating profit 54.2 billion KRW, up 78.1% and 101.3% year-on-year, respectively.

Hanmi Semiconductor Vice Chairman and CEO Kwak Dong-shin explained, "Semiconductor demand is increasing due to the activation of the 4th industrial revolution, including 5G, metaverse, autonomous driving and connected cars, vehicle-to-everything (V2X), artificial intelligence, and data centers," adding, "We have been continuing strong performance since last year."

He continued, "In the second half of this year, we expect significant sales contributions as the micro SAW equipment, domestically developed for the first time in Korea, has received usage approval from major global customers," emphasizing, "With the localization of micro SAW, delivery times will be greatly shortened, leading to increased sales and improved operating profit margins."

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