Strong Revenue and Profit Growth
Revenue was KRW 6.957 trillion, up by 25% Q-o-Q and up 2% Y-o-Y. Operating profit reached KRW 431 billion, improving by over KRW 500 billion Q-o-Q and Y-o-Y.
OLED Product Line Expansion
Panel shipment grew across the entire OLED product line, driven by seasonality and new small- and medium-sized OLED products. OLED product revenue share increased to 65%, up 9 percentage points Q-o-Q.
Improved Financial Metrics
Debt-to-equity ratio decreased by 5 percentage points Q-o-Q to 263%, and net debt-to-equity ratio decreased by 4 percentage points to 151%.
Increased ASP for OLED
ASP per square meter was $1,365, up 29% Q-o-Q, an all-time high driven by small and medium OLED shipments.
Positive Outlook for OLED TV and Gaming Monitor
OLED TV shipments projected to reach mid-6 million units this year with an expectation of 7 million units next year. Gaming OLED monitor demand is seeing meaningful growth.