[Click eStock] "JNTC, Turnaround Is Just the Tip of the Iceberg"

Shinhan Investment Corp. analyzed on the 9th that all business divisions of JNTC, including cover glass and connectors, have entered a phase of market share expansion.

Min-kyu Kwon, a researcher at Shinhan Investment Corp., stated in a report on the same day, “JNTC is a company equipped with the three essentials of technology, partners, and clients as a manufacturer of tempered glass (cover glass) processing and connectors. The core focus is on expanding market share and sustainable growth rather than a turnaround.”

He specifically mentioned JNTC as a beneficiary of the larger size and widespread adoption of automotive displays, explaining that ultra-large cover glass already accounts for 97% of the order backlog and that the company has secured technical references in the market, concentrating the benefits.

In fact, JNTC has developed the world’s first 3D cover glass and possesses mass production competitiveness for ultra-large cover glass, with active consideration for application in new models of premium electric vehicles and sedans worldwide.

It is expected that within the next four years, annual sales will surpass 200 billion KRW, and by 2028, including the already secured order backlog, the cumulative order backlog for all automotive cover glass will exceed 1.1 trillion KRW.

Additionally, researcher Kwon forecasted, “Smartphone cover glass sales are expected to expand due to re-entry into the Chinese market and reorders from domestic companies. For smartwatch cover glass, a significant increase in Q is anticipated with the start of supply to new customers beyond the existing supply to the global 2nd and 5th largest companies, indicating strong order momentum.”

Regarding this, a JNTC company official expressed expectations that “This year will be a special year where not only external growth but also qualitative growth can be achieved simultaneously, thanks to customer diversification and product diversification across all business divisions.”

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