Seoul Semiconductor's provisional consolidated sales in the second quarter were 283 billion won (1.483 billion yuan) and operating profit was 4 billion won. Sales increased by 11% compared with the same period last year.
Seoul ViosyConsolidated sales in the second quarter were 188.3 billion won (987 million yuan), with operating profit increasing by 57% compared with the same period last year. Operating profit has turned into a surplus for the first time in 10 quarters. Moreover, Seoul Viosy announced that it will mass-produce Micro LED in the second half of this year, and has received recognition from customers in two countries./strong>Its application areas are commercial displays, including outdoor advertising displays and virtual studios. Lee Jung-hoon, CEO of Seoul Semiconductor and Seoul Viosys, said: "For Micro LED, WICOP technology is crucial. LED cannot be used without packaging because gallium nitride (GaN) is fragile, but WICOP creates a strong structure without packaging and strong heat resistance." From a performance perspective, there has been nearly 70 billion won in finished product inventory in the past two years, so there has been a certain loss. Afterwards, WICOP technology was recognized, sales increased, and profits were achieved.
Moreover, due to the sales growth and continued cost reduction and efficiency improvement in the high-profit automobile industry, he believes that a comprehensive profit structure has begun.
ANNA