JNTC Reports 26.1 Billion KRW in Q2 Consolidated Sales... "Proceeding with Portfolio Diversification"

[Asia Economy Reporter Hyunseok Yoo] JNTC announced on the 13th that it recorded consolidated sales of 26.1 billion KRW, an operating loss of 17.4 billion KRW, and a net loss of 20.1 billion KRW in the second quarter of this year.

JNTC stated, “Performance volatility has been high due to concentration on customers in the mobile phone sector. The main reasons for the decline in second-quarter performance were the decrease in sales caused by semiconductor supply constraints of major customers and delays in new phone launches. However, with the full-scale operation of the new factory in Vietnam and customer approvals for the new product lines being prepared, diversification is actively underway. We are confident that performance will normalize from the second quarter as the bottom through to the fourth quarter.”

For a turnaround in the second half of the year, JNTC is focusing on ▲ approval and full-scale mass production of smartwatches and automotive cover glass ▲ technical collaboration with glass manufacturers and creation of new business opportunities. From a single product line of mobile phone cover glass, the company has established a total solution including smartwatches, automotive cover glass, and high-performance camera windows. Mass production began in July at the new third factory in Vietnam, and deliveries to customers have been fully launched.

Regarding automotive cover glass, based on references from supplying premium electric vehicle brands, additional orders have been secured from new luxury electric vehicle brand customers. This has proven competitiveness in electric vehicle cover glass orders and secured a favorable position to lead the electric vehicle display market.

In the mobile sector, customer diversification is underway with new brand products being mass-produced after orders, and ultra-thin glass (UTG) products are also preparing to enter the foldable display market through collaboration with major customers.

Additionally, JNTC is developing new cover glass technologies (AG, AR, AF, surface hardness) through technical collaboration, applying them from products in the second half of the year. Through this, the company is securing product competitiveness and creating new business opportunities.

Jang Yongseong, CEO of JNTC, emphasized, “In the second half, we will focus on achieving visible results through diversification of customers and products. We will concentrate on a definite performance turnaround through new products such as smartwatches and automotive cover glass.”

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