Intops: "Third-Quarter Results Came Under Pressure, but We're Seeking a Rebound Through New Businesses"

Intops, a global advanced manufacturing solutions company, is maintaining financial stability based on a net cash position despite changes in its mobile product mix, while actively expanding into advanced new businesses such as semiconductors, robotics, artificial intelligence (AI) and drones.

Intops said on November 13 that its consolidated revenue for the first nine months of this year totaled 448.8 billion won, with operating profit of 2.3 billion won. Revenue was similar to the same period last year. After maintaining a steady performance through the first half of this year, the company saw its results adjust in the third quarter due to changes in the product mix in the downstream mobile market and the impact of customers' conservative inventory management.

Intops is maintaining management stability, with cash and cash equivalents exceeding its borrowings and a net cash position. It is also working to protect profitability through company-wide fixed-cost reductions and greater process efficiency.

The company is also pursuing new businesses in semiconductors, robotics, AI and drones. In semiconductors, it has laid the groundwork to explore new business opportunities by participating as a strategic investor (SI) in a company specializing in key components for wafer-cleaning equipment. In robotics, it is expanding production into areas including serving robots and wearable robots, using an end-to-end manufacturing model that covers everything from procurement to assembly and inspection of products designed by customers. In addition, it is responsible for mass production and quality management of drone airframes in connection with an educational drone project for the Ministry of National Defense. In AI, it is pursuing manufacturing in partnership with an AI semiconductor company.

An Intops official said, "Our quarterly results this year have been affected by changes in the mobile product mix, but we are continuing to invest in the future as planned, backed by our solid financial strength. We will create new growth opportunities in advanced new businesses such as investments in semiconductor equipment components, robotics, AI and drones to lay the groundwork for a rebound, and will do our utmost to enhance shareholder value."

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