DB HiTek's operating profit has decreased by more than half in the past year
Kim Jisun
stockmk2020@alphabiz.co.kr | 2024-05-03 03:38:45
DB HiTek 부천공장 전경. (사진=DB HiTek)
[Alpha Biz= Reporter Kim Jisun] The operating profit of DB HiTek, a domestic foundry (semiconductor outsourcing) specialist, has decreased by more than half in the past year. While the memory semiconductor sector, focusing on artificial intelligence (AI), is recovering, the prolonged downturn in the 8-inch foundry market has impacted DB HiTek.
DB HiTek announced on the 2nd that it recorded provisional sales of 2.615 trillion won and operating profit of 411 billion won for the first quarter on a consolidated basis. Compared to the same period last year, sales decreased by 12.3%, and operating profit decreased by 50.44%.
The operating profit margin, which used to exceed 30%, has been declining quarter by quarter. DB HiTek's operating profit margin fell from 28% in the first quarter of last year to 16% in the first quarter of this year.
The company expects its performance to gradually recover from the third quarter of this year. DB HiTek anticipates continued inventory adjustment in the 8-inch foundry market until the first half of the year and plans to maintain its low-price policy. The company aims to maintain its operating rate at around the mid-70% level in the first half and expand the sales proportion of value-added products (HV BCD, SJ MOSFET, etc.) to defend profitability.
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