Taesung's First-Half Revenue Reaches 50.4 Billion Won, Surpassing Last Year's Annual Total

Taesung's consolidated revenue in the first half of this year has already surpassed its total annual revenue for last year.

According to Taesung on August 12, it recorded revenue of 50.4 billion won, operating profit of 2.2 billion won, and net profit for the first half of 3.0 billion won. This performance was driven by the rapid increase in orders and sales of its core business, PCB manufacturing equipment, as investments in high-performance substrates such as FC-BGA expanded in response to the growth of the artificial intelligence (AI) server and high-performance computing (HPC) markets.

The momentum for quarterly performance improvement is even more distinct. In the first quarter, consolidated revenue stood at 19.9 billion won with an operating loss of 900 million won, but in the second quarter, the company returned to profitability with revenue of 30.5 billion won and operating profit of 3.1 billion won. Second-quarter revenue increased by approximately 53% compared to the previous quarter, with an operating margin of about 10.2%. By overcoming the first-quarter deficit in just one quarter, cumulative operating profit for the first half also returned to positive territory.

With increased equipment demand from downstream industries, Taesung saw robust orders for PCB manufacturing equipment from domestic and international customers, and previously secured orders were gradually reflected as revenue, driving profitability improvements.

Production capacity and responsiveness have also been strengthened. Taesung recently completed the construction of its new factory in Cheonan and relocated its headquarters. The new Cheonan factory has approximately 6 to 7 times the production capacity of previous facilities and is now operating as a key production base to respond promptly to rising order volumes.

The company's new growth engines—glass substrates and composite copper foil businesses—have also entered a full-fledged commercialization phase. Last year, Taesung completed the development of related equipment through intensive research and development (R&D) and is currently in discussions with major domestic and overseas clients for mass production adoption. Leveraging the expanded production capability at its Cheonan factory, Taesung plans to accelerate the supply of its main PCB equipment, while simultaneously establishing a system to respond to mass production of new equipment.

A Taesung official stated, "If last year was a time of trial due to external uncertainties and a focus on R&D for future growth businesses, this year marks a full-scale expansion of our core business orders and sales. We will continue to respond proactively to the expanding market for advanced substrates such as FC-BGA, and we aim to deliver visible results by proceeding smoothly with mass production discussions for our glass substrate and composite copper foil equipment with customers."

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