Jinyoung, H1 Sales Reach 15.4 Billion KRW... "Expecting Growth in Industrial Film Performance"

Jinyoung, a specialized plastic film company, announced through a public disclosure on the 16th that its sales revenue for the first half of this year reached 15.4 billion KRW. During the same period, operating loss and net loss amounted to 640 million KRW and 720 million KRW respectively, marking a return to deficit.

Sales decreased compared to last year due to the sluggish domestic construction market continuing from the second half of last year and the downturn in the Chinese real estate market caused by the impact of COVID-19. Operating losses occurred as costs increased related to the development and mass production preparation of high value-added semiconductor and flame-retardant films for the IT industry.

A Jinyoung representative stated, “The major market, China, has continued to experience a construction market slump since the Shanghai lockdown last year, and the domestic construction market is also sluggish, resulting in decreased sales. However, with the reopening effect in the Chinese market emerging in the third quarter and increased sales of new acrylic material products, we expect an improvement in core business performance and anticipate visible results in new business areas.”

He added, “The existing finishing materials business division is highly sensitive to economic conditions, causing significant performance fluctuations, so we are focusing on diversifying our product portfolio through the development of new IT industry films. We are also exploring new markets beyond China, including Turkiye and Thailand,” he emphasized.

Jinyoung is expanding its portfolio into the industrial film market through the development of semiconductor and vehicle lightweight materials. The fastest progressing product is the semiconductor antistatic film, which has already been developed and is expected to be supplied as early as this year.

The semiconductor antistatic film, developed for the first time domestically, has confirmed antistatic performance and excellent durability capable of replacing existing products through internal testing. Existing antistatic films have drawbacks such as increased product defects due to coating paper defects and short replacement cycles. The company explained that this product was developed over three years upon request from related companies and succeeded in reducing defect rates and cutting costs simultaneously.

A Jinyoung representative said, “The new semiconductor film is used during the wafer transfer process and improves on the shortcomings of existing products. We expect its application to expand in domestic and international semiconductor manufacturing processes. Supply to customers is expected to begin as early as the second half of this year, leading to increased sales based on the new product starting this year,” he emphasized.

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