Optrontec Achieves Q1 Profit Turnaround... "The Year of Rebound"

Optrontec succeeded in turning a profit in the first quarter of this year. Optrontec announced that it will make this year the "first year of re-leap" and strive to maximize shareholder value.

According to the electronic disclosure by the Financial Supervisory Service on the 22nd, Optrontec recorded consolidated sales of 47.1 billion KRW and operating profit of 240 million KRW in the first quarter of this year, successfully turning a profit compared to the same period last year. Net profit for the period was 1 billion KRW.

CEO Lim Ji-yoon of Optrontec joined the company in 2001, received management training from his late father, and has managed Optrontec as CEO for about 18 years since his father's passing in 2006.

In 2008, through the acquisition and merger of Haebit Information, he acquired the filter business division, which is currently the company's core business, and played a key role in Optrontec's growth, including its listing on KOSDAQ. This year, he resigned from executive positions in affiliated companies to focus on normalizing Optrontec's management.

Optrontec appointed former Samsung Electro-Mechanics executive director Jung Dae-hyun, who led the camera module business for 20 years, as President of Business Operations and a board member, leveraging the expertise of professional management to strengthen research and development and sales capabilities, while carrying out rigorous cost reduction and restructuring.

Additionally, in the second half of last year, Optrontec consolidated its domestic optical filter manufacturing base in Vietnam, further enhancing global manufacturing competitiveness. At the same time, by adding next-generation optical component businesses alongside its traditional core businesses of automotive lenses and optical filters, the company has begun increasing sales and improving profitability.

Optrontec newly opened its Daejeon plant in the Daedeok Research Complex as the Optical Technology Center and invested in state-of-the-art semiconductor equipment based on 8-inch Glass Wafers. Starting from the third quarter of this year, it plans to mass-produce and supply customers with MLA (Micro Lens Array) wafers, which are core components of intelligent smart headlamps installed in premium automobiles.

An Optrontec official stated, “The Korean optical component industry, which has been helplessly collapsing under the onslaught of cheap Chinese lens manufacturers targeting Korea, will be revived. To re-leap as a technological powerhouse, we will add innovative next-generation optical technologies to our independently held advanced vacuum deposition technology, commercialize high value-added innovative products, and expand supply to the global market.”

Accordingly, Optrontec expects rapid growth from this year through 2024 and 2025. An Optrontec official said, “Sales of automotive electronic components (MLA, automotive camera modules, lenses, etc.), which have been prepared for several years, are expected to accelerate from the second half of this year. After 2025, automotive division sales are expected to surpass mobile division sales, preparing for a leap as a specialized automotive electronic components company.”

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