[Click eStock] "Rino Gongup Maintains 41% Operating Profit Margin in 3Q"... Earnings Upgraded

[Asia Economy Reporter Ji Yeon-jin] Ebest Investment & Securities forecasted on the 18th that the operating environment for high growth at Rino Industrial is sustainable, expecting the operating profit margin to maintain 41.9% in the third quarter of this year.

Rino Industrial's sales in the third quarter of this year are expected to increase by 14.7% year-on-year to 88.2 billion KRW, and operating profit is expected to rise by 15.4% to 37 billion KRW. This is an upward revision from the previous estimates (sales of 86.5 billion KRW, operating profit of 34.4 billion KRW).

Jung Hong-sik, a researcher at Ebest Investment & Securities, said, "At the time of the previous earnings forecast, we took a conservative view reflecting concerns about the global IT economy, but at this point, due to the nature of the business, with research and development (R&D) accounting for more than 60%, continuous demand for IC Test sockets is occurring, maintaining an operating environment that supports high growth."

Rino Industrial is expected to maintain an estimated operating profit margin of 41.9% in the third quarter, following the second quarter. Researcher Jung said, "In contrast to the overall deterioration in profitability across companies due to recent raw material price increases, the global price competitiveness of IC Test sockets is expected to be highlighted once again."

The 'ultrasound probe,' a component that directly contacts the human body in ultrasound diagnostic devices and functions to generate and detect ultrasound, is also expected to record sales of 7.2 billion KRW, a 33.2% increase in the third quarter. The ultrasound probe is currently supplied to Siemens. Researcher Jung emphasized, "The ultrasound probe is a field that diversifies the business structure, which is currently focused on the semiconductor sector, so it deserves attention."

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