%20(1).png)
Jusung Engineering Ltd. (KOSDAQ:036930) maintains a strong financial position with a net cash balance of ₩187.2 billion, as its cash reserves of ₩232.2 billion significantly exceed its ₩45.0 billion in debt. Despite total liabilities exceeding cash and receivables by ₩109.4 billion, the company's market capitalization of ₩1.37 trillion suggests that these obligations do not pose a substantial risk. Jusung Engineering's EBIT grew by an impressive 211% over the past year, further strengthening its ability to manage debt. Additionally, with free cash flow amounting to 80% of EBIT over the last three years, the company demonstrates solid cash flow management, reducing concerns over its debt burden. Given these factors, Jusung Engineering appears financially stable, with strong earnings and liquidity to support future growth.
In May 2024, Jusung Engineering unveiled plans to restructure its business by spinning off its semiconductor, solar, and display divisions into separate entities. The strategic move aimed to enhance operational efficiency and create greater shareholder value. However, by October 2024, the company decided to cancel the spin-off due to opposition from shareholders. The total stock purchase price for the stocks exercised in opposition exceeded KRW 50 billion, leading to the decision to maintain the company's current structure.
Beyond its financial success, Jusung Engineering made notable advancements in its technology offerings. In November 2024, the company shipped Atomic Layer Deposition (ALD) equipment for the production of Deep Trench Capacitor (DTC) Silicon Capacitors to Elspeth.
Jusung Engineering's strong financial results, strategic decisions, and technological advancements reinforce its position as a key player in the global semiconductor industry.
https://www.businesskorea.co.kr/news/articleView.html?idxno=216376
https://www.marketscreener.com/quote/stock/JUSUNG-ENGINEERING-CO-LTD-6494704/news/JUSUNG-ENGINEERING-Co-Ltd-cancelled-the-Spin-Off-of-Semiconductor-equipment-research-and-developme-48189649/
https://www.mk.co.kr/en/business/11164246
No comments:
Post a Comment