[Click eStock] "Jaeyeong Solutec, Continued Earnings Improvement with Increased High-Value OIS Proportion and Suspension of Loss-Making Divisions"

GL Research analyzed on the 7th that Jaeyeong Solutec is expected to continue improving its performance due to the expansion of high value-added product proportions, yield stabilization, and the discontinuation of the mold business. No investment opinion or target price was provided.

Park Chang-yoon, a researcher at GL Research, stated, "Sales are increasing due to the expansion of optical image stabilization (OIS) device supply to the A series and Fan Edition (FE) models, and cost reduction effects will occur from the discontinuation of the loss-making mold business." He added, "It is expected to achieve sales of 125 billion KRW and an operating profit of 15 billion KRW this year."

He explained that next year's performance will further accelerate its improvement through sales growth by expanding the application of high value-added encoders and OIS. In particular, high-spec OIS is expected to be supplied to flagship and foldable models.

Researcher Park also emphasized the need to pay attention to the development of next-generation spring-type OIS. While the existing ball-type OIS had limitations in reducing component height due to its laminated structure, the spring-type is evaluated to reduce component height and improve internal smartphone layout efficiency. It is a structure absolutely advantageous for set slimming and can also reduce manufacturing costs, so it is expected to be applied to new models next year.

He stated, "Despite the stagnation in the global smartphone market growth, growth continues due to the enhancement of camera performance," and added, "Along with stable growth in the core business, we are seeking expansion into various industrial sectors based on ultra-small, ultra-precision actuator manufacturing and control technology."

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