[Featured Stock] Mirae Industry Achieves Record Quarterly Performance, Rises Over 3% Intraday

[Asia Economy Reporter Minji Lee] Mirae Industry is recording an intraday rise.

On the 15th, Mirae Industry traded at 10,350 KRW, up 3.81% from the previous trading day. The company's stock price surged to 10,550 KRW during the session. The news of achieving the highest-ever performance for the third quarter positively influenced the stock price.

Mirae Industry announced that its consolidated net profit for the third quarter increased by a staggering 880% compared to the same period last year. Operating profit and sales rose by 424% and 73%, respectively. On a cumulative basis, operating profit reached 9.2 billion KRW, up 52.8% from the same period last year.

A Mirae Industry official explained, "Despite ongoing uncertainties in the external environment, we recorded the highest quarterly performance ever thanks to continuous cost reduction efforts and increased exports of test handlers." Sales in the third quarter for the Test Handler business segment (ATE) increased by 18.4% year-on-year. The sales proportion reflected the semiconductor inspection equipment supply contract worth 11.6 billion KRW with Yangtze Memory Technologies Co. (YMTC) signed last November. This is the largest single supply contract since the company's founding in 1983.

The test handler developed with Mirae Industry's proprietary technology is equipment that connects to a tester to inspect the performance and defects of semiconductors after all processes are completed, inspecting semiconductor devices and classifying them by grade based on inspection results.

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