Jungwon Ensys Sees Operating Profit Jump Ninefold to 3.15 Billion Won in H1... AI Hardware Sales Triple

Jungwon Ensys, a company specializing in AI infrastructure, has achieved simultaneous growth in both sales and operating profit in the first half of this year. The performance of the national AI infrastructure business was reflected in the results, and profitability also improved as AI hardware sales soared.

Jungwon Ensys announced on August 13 that its consolidated sales for the first half of this year amounted to 133.6 billion won, a 58.7% increase compared to the same period last year. Operating profit surged by 775% to 3.15 billion won from 360 million won a year earlier. Earnings per share also nearly tripled to 59 won, up from 21 won in the same period last year.

The growth of AI-related business stood out. Jungwon Ensys’s AI hardware sales for the first half reached 6.18 billion won, about 3.4 times higher than 1.79 billion won in the same period last year. The company explained that these results were achieved from its own AI-related business, excluding sales from the National Informatization Project (NIPA).

The proportion of AI hardware in total sales also rose from 2.1% in the first half of last year to 4.6% this year. Looking only at the second quarter, the share increased to 7.0%. This was mainly due to the expansion of AI data centers, as well as a rise in demand for high-performance computation hardware such as graphics processing units (GPUs).

Jungwon Ensys is expanding its business scope by combining proprietary AI solutions with infrastructure construction. In June, the company established the "Jungwon Ensys AI Center," led by Chief AI Officer (CAIO) Kwak Jihun, who holds a Ph.D. in applied mathematics from Seoul National University.

The AI Center, in collaboration with partner company AINation, is pushing ahead with the development of solutions such as quality inspection of manufacturing processes, equipment anomaly detection and predictive maintenance, carbon management data platforms, and medical and bio-image analysis. The strategy is to establish a business model that supplies both AI hardware and software to clients.

The company is also focusing on securing specialized talent to lead its AI business. In July, Jungwon Ensys recruited Kwon Chanyoung, who previously worked at Naver and SAP, as head of AI Strategy. By combining AI infrastructure construction experience with capabilities in AI solution development and business strategy, the company aims to become a comprehensive AI service provider.

A company representative said, "Now that the AI transformation has begun in earnest, we will support enterprises as an AI infrastructure builder," adding, "We will secure new growth drivers by combining our existing IT infrastructure expertise with AI technology."

The main variable for the company’s future performance growth will be how quickly Jungwon Ensys can expand its AI hardware and proprietary solution business, leveraging the references obtained through the national AI infrastructure projects.

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