Shinsung Eng Co.,Ltd. (South Korea)

Biz revenue grew, compared with last year, thanks to increase in FFU sales, according to favorable tune in the forward industry including semiconductor, and augmentation of clean room facility construction sales. Profitability improved, owing to operating profit and net profit turning into surplus, stemming from cost to sales ratio improvement and offsetting of selling and administrative expenses, arising from biz revenue expansion. Firm has advantage in FFU facility, which is core facility for clean room system, and the firm has No.1 market share, amid oligopolistic system market. Biz revenue growth is forecast to continue, thanks to expected market share increase targeting key clients like Samsung Electronics, arising from demand increase, according to growth of LCD TV and smart phone markets. Profitability improvement is expected thru ease in fixed cost burden, deriving from biz revenue expansion, according to growth of the forward industries, such as LCD, semiconductor and pharmacy. Firm pursues a new growth engine, acceding to penetration into new biz, and continuous creation of demand for solar energy and AMOLED.