Youngchang Chemical Q2 Operating Profit Up 130% YoY... "Expansion of Photo Material Sales"

[Asia Economy Reporter Jang Hyowon] Youngchang Chemical, a specialist in ultra-precision industrial chemical materials for semiconductors and displays, announced its Q2 provisional earnings on the 10th.

Youngchang Chemical's Q2 standalone earnings this year recorded sales of 20.534 billion KRW, operating profit of 1.65 billion KRW, and net profit of 1.188 billion KRW. Compared to the same period last year, sales and operating profit increased by 32.3% and 129.7%, respectively, and net profit turned positive.

A company representative stated, "We recorded a significant sales increase due to continuous growth in sales of our core PHOTO materials division," adding, "The improvement in performance of existing PHOTO material products and expanded R&D on new products were key factors in this earnings growth."

On a cumulative basis for Q2, sales reached 40.255 billion KRW and operating profit 3.097 billion KRW, up 34.5% and 184.5% respectively compared to the same period last year. Notably, the company has already achieved 60.6% of its total 2021 sales by the end of this Q2, raising expectations for the full-year performance.

Meanwhile, the company expects to significantly improve profitability in the second half of the year compared to the first half through ▲mass production of new products aligned with the semiconductor ultra-fine trend ▲product performance improvements ▲expansion of semiconductor process material lineup.

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