1. What Happened?

Viatron reported revenue of KRW 22.4 billion and operating profit of KRW 2.8 billion for Q2 2025, significantly surpassing market expectations of KRW 0. The return to profitability is a particularly encouraging sign of fundamental recovery.

2. Why Did This Happen?

Increased demand for LTPS LCD and Flexible Display heat treatment equipment drove the strong performance. Expansion in investments by Chinese display manufacturers has been a key catalyst.

3. What’s Next?

Positive Factors:

  • Continued growth in the Chinese display market
  • Solid financial position

Risks to Consider:

  • Weakness in the Oxide TFT segment
  • Foreign exchange and interest rate volatility
  • Risk related to contract asset recovery

4. What Should Investors Do?

While the short-term momentum is positive, investors should monitor the recovery of the Oxide TFT segment, new market entry strategies, and risk management efforts for a long-term perspective.