DB HiTek, Q2 Operating Profit at 73.9 Billion Won Thanks to Power Semiconductor Demand

[Financial News] DB HiTek announced on the 4th that its consolidated sales for the second quarter of this year were 337.4 billion won and operating profit was 73.9 billion won. Compared to the same period last year, sales and operating profit increased by 13% and 10%, respectively. The operating profit margin recorded 22%.
This strong performance is attributed to the increased demand for power semiconductors and the growth in sales in application fields such as telecommunications, automotive, and industry. 
A DB HiTek representative stated, "The operating rate in the first half recovered to the mid-90% range, and it is expected to maintain a similar level in the second half amid uncertainties," adding, "We plan to continuously secure a business growth foundation by strengthening technological competitiveness centered on our main product, power semiconductors, while focusing on promoting new businesses." 
DB HiTek, which entered the system semiconductor foundry (semiconductor contract manufacturing) business for the first time in Korea in 2001, recorded an operating profit margin close to 50% in 2022 and has maintained a profit margin of over 20% for the past 10 years. In particular, its main product, the power semiconductor composite voltage device (BCD) technology, boasts the industry's best competitiveness in low power, yield, delivery time, and cost. soup@fnnews.com Lim Soo-bin Reporter