LG Innotek, First Ever Sales Surpass 10 Trillion KRW and Operating Profit Exceeds 1 Trillion KRW (Comprehensive)

In Q4, expanded supply of new camera module products drives performance growth

[Asia Economy Reporter Park Sun-mi] LG Innotek has surpassed annual sales of 10 trillion won and operating profit of 1 trillion won for the first time ever, driven by the expanded supply of high-performance camera module new products. This marks the highest performance in its history.

On the 26th, LG Innotek announced that its consolidated sales in the fourth quarter of last year reached 5.7231 trillion won, with an operating profit of 429.8 billion won. Compared to the same period last year, sales increased by 48.9% and operating profit by 25.6%. Compared to the previous quarter, sales and operating profit grew by 50.7% and 28%, respectively.

A company official stated, “The expanded supply of high-performance camera module new products such as multi-camera modules for smartphones and 3D sensing modules led the performance,” adding, “Strong demand for semiconductor substrates and increased production capacity improved sales and profitability, and automotive cameras, communication modules, and power components for electric vehicles also showed steady sales growth across all product lines.”

LG Innotek’s full-year performance last year surpassed 10 trillion won in sales and 1 trillion won in operating profit for the first time in history. Sales reached 14.9456 trillion won, and operating profit was 1.2642 trillion won, increasing by 56.6% and 85.6% respectively compared to the previous year. The optical solutions business, which produces camera and 3D sensing modules, led the growth in performance, while the substrate materials business producing semiconductor and display substrates and the automotive components business supported sales expansion.

By business division, the optical solutions business recorded sales of 11.5178 trillion won last year, up 69.8%, influenced by expanded supply of new customer models and increased sales of high-value-added products such as multiple camera modules and 3D sensing modules. The substrate materials business saw annual sales increase by 26.3% to 1.5709 trillion won due to strong demand for semiconductor substrates and expanded production capacity. The automotive components business showed steady sales growth across all product lines including automotive cameras, communication modules, and power components for electric vehicles, with annual sales rising 17.1% to 1.3903 trillion won compared to the previous year.

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