Jaeyoung Solutec(049630) is surging 16% on the 14th on the back of strong results in the first half.
As of 9:10 a.m. that day, Jaeyoung Solutec is trading at 8,130 won on the KOSDAQ market, up 1,180 won (16.98%) from the previous trading day.
The previous day, Jaeyoung Solutec said that on a consolidation basis for the first half of this year, revenue was 107 billion won and operating profit was 17.1 billion won. Compared with the same period a year earlier, revenue rose 49% and operating profit jumped 6,220%. First-half operating profit exceeded last year's annual operating profit (10.7 billion won).
Jaeyoung Solutec explained that the results reflect the visible payoff from five years of preemptive investment. To strengthen competitiveness in its actuator business, Jaeyoung Solutec has invested about 100 billion won to expand production lines, introduce automated robot equipment, and upgrade its Vietnam production base, and has continued to push these initiatives.