{"id":471319,"date":"2021-04-06T05:35:18","date_gmt":"2021-04-06T09:35:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471319"},"modified":"2021-04-06T05:35:18","modified_gmt":"2021-04-06T09:35:18","slug":"seoul-viosys-records-historical-high-first-quarter-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-viosys-records-historical-high-first-quarter-earnings\/","title":{"rendered":"Seoul Viosys Records Historical High First Quarter Earnings"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Seoul Viosys Records Historical High First Quarter Earnings<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nAchieved the historical highest first quarter sales at KRW 120 billion amid low seasonality\n<\/li>\n<li>\nNew sales recognized from the 2<sup>nd<\/sup> generation leading technology products such as Micro LED and VCSEL\n<\/li>\n<li>\nExpected to grow up to double digits in sales this year as sound growth trend continues\n<\/li>\n<\/ul>\n<p>ANSAN, South Korea&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.seoulviosys.com%2Fen%2F&amp;esheet=52407056&amp;newsitemid=20210406005482&amp;lan=en-US&amp;anchor=Seoul+Viosys+Co.%2C+Ltd.&amp;index=1&amp;md5=a166aa9357d1fccfdbe486a350ea9ce2\">Seoul Viosys Co., Ltd.<\/a> (\u201cSeoul\u201d) (KOSDAQ 092190), a leading global compound semiconductor provider, today announced that despite low seasonality, it achieved the highest first quarter sales of all time (preliminary sales announcement).\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406005482\/en\/869569\/4\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\" alt=\"Seoul Viosys\u2019 2nd generation leading technologies (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Seoul Viosys\u2019 2nd generation leading technologies (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nIn the first quarter, sales increased by 39% year-on-year to KRW 121.2 billion. In particular, sales of the UV division, which benefited from the surge in antibacterial and antiviral home appliance demand after the pandemic, doubled year-on-year, leading the strong performance.\n<\/p>\n<p>\nSeoul Viosys\u2019 second generation leading technology, Micro LED contributed to new sales growth while 25 gigabytes (Gbps) laser diode VCSEL for short-distance communication began to be supplied to three customers.\n<\/p>\n<p>\n\u201cThe restructuring of the LED industry is nearing its end. Not only competitors even in North America and Europe, but also mid-sized competitors in Japan, Korea, Taiwan and China are facing severe management difficulties. This has provided a lucrative positioning for Seoul to lead the industry with its differentiated second generation technologies to achieve sustainable growth. This year, we expect historical high sales as high-end WICOP sales are steadily increasing as well,\u201d said an official of Seoul Viosys.\n<\/p>\n<p>\nSeoul Viosys decided to buy back KRW 10 billion worth of shares on March 19 to enhance shareholder value. The company also raised the dividend payout ratio at the annual general meeting for 2020 profits from 25% to 50% (of net income attributable to controlling asset) and announced to keep it for more than 3 years to increase shareholder return.\n<\/p>\n<p>\nSeoul Viosys newly decided to disclose its provisional quarterly consolidated financial statements (sales) from 2021 to strengthen shareholder communication.\n<\/p>\n<p>\nDetailed earnings are expected to be announced through the provisional 1Q earnings disclosure towards the end of this month.\n<\/p>\n<p><b>About Seoul Viosys<br \/>\n<br \/><\/b>Seoul Viosys is a full-line solution provider for UV LED, VCSEL (Vertical Cavity Surface Emitting Laser), the next-generation light source for 3D sensor and laser, and a single-pixel RGB \u201cMicro Clean Pixel\u201d for displays. Established in 2002 as a subsidiary of Seoul Semiconductor, it captured the No. 1 market share in the UV LED industry (LEDinside, 2018). Seoul Viosys has an extensive UV LED portfolio with all wavelengths range (200nm to 1600nm) including ultraviolet rays (UV), visible rays and infrared rays. It holds more than 4,000 patents related to UV LED technology. Violeds, its flagship UV LED technology, provides a wide range of industries with optimal solutions for strong sterilization and disinfection (UVC), skin regeneration (UVB), water\/air purification and effective cultivation for horticulture. In 2018, Seoul Viosys acquired RayCan, a leading optoelectronic specialist, to add the advanced VCSEL technology which supports smartphone facial recognition and autonomous driving, and has started its mass production. In January 2020, it introduced a disruptive \u201cMicro Clean Pixel\u201d that has the potential to be a game-changer in the display market. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.seoulviosys.com%2Fen%2F&amp;esheet=52407056&amp;newsitemid=20210406005482&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.seoulviosys.com%2Fen%2F&amp;index=2&amp;md5=b98af9d724560c8e996e61ef0934162b\">http:\/\/www.seoulviosys.com\/en\/<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406005482r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/<\/a><\/span><\/p>\n<p>\nFor Seoul Viosys<br \/>\n<br \/><b>Seoul Semiconductor Co., Ltd.<br \/>\n<\/b><br \/>Jeonghee Kim<br \/>\n<br \/>Tel: +82-70-4391-8311<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:jeonghee.kim@seoulsemicon.com\">jeonghee.kim@seoulsemicon.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Asia Pacific South Korea<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Manufacturing Hardware Health Infectious Diseases Consumer Electronics Technology Semiconductor Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406005482\/en\/666594\/3\/seoul_viosys_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210406005482\/en\/869569\/3\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Seoul Viosys\u2019 2nd generation leading technologies (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Seoul Viosys Records Historical High First Quarter Earnings Achieved the historical highest first quarter sales at KRW 120 billion amid low seasonality New sales recognized from the 2nd generation leading technology products such as Micro LED and VCSEL Expected to grow up to double digits in sales this year as sound growth trend continues ANSAN, South Korea&#8211;(BUSINESS WIRE)&#8211;Seoul Viosys Co., Ltd. (\u201cSeoul\u201d) (KOSDAQ 092190), a leading global compound semiconductor provider, today announced that despite low seasonality, it achieved the highest first quarter sales of all time (preliminary sales announcement). This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/ Seoul Viosys\u2019 2nd generation leading technologies (Graphic: Business Wire) In the first quarter, sales increased by 39% year-on-year to KRW &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-viosys-records-historical-high-first-quarter-earnings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Seoul Viosys Records Historical High First Quarter Earnings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471319","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seoul Viosys Records Historical High First Quarter Earnings - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-viosys-records-historical-high-first-quarter-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seoul Viosys Records Historical High First Quarter Earnings - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seoul Viosys Records Historical High First Quarter Earnings Achieved the historical highest first quarter sales at KRW 120 billion amid low seasonality New sales recognized from the 2nd generation leading technology products such as Micro LED and VCSEL Expected to grow up to double digits in sales this year as sound growth trend continues ANSAN, South Korea&#8211;(BUSINESS WIRE)&#8211;Seoul Viosys Co., Ltd. (\u201cSeoul\u201d) (KOSDAQ 092190), a leading global compound semiconductor provider, today announced that despite low seasonality, it achieved the highest first quarter sales of all time (preliminary sales announcement). This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210406005482\/en\/ Seoul Viosys\u2019 2nd generation leading technologies (Graphic: Business Wire) In the first quarter, sales increased by 39% year-on-year to KRW &hellip; Continue reading &quot;Seoul Viosys Records Historical High First Quarter Earnings&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/seoul-viosys-records-historical-high-first-quarter-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T09:35:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210406005482\/en\/869569\/4\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Seoul Viosys Records Historical High First Quarter Earnings\",\"datePublished\":\"2021-04-06T09:35:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/\"},\"wordCount\":603,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210406005482\\\/en\\\/869569\\\/4\\\/%5BPhoto%5D_SSC_The_2nd_Generation_LED_Technologies.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/seoul-viosys-records-historical-high-first-quarter-earnings\\\/\",\"name\":\"Seoul Viosys Records Historical High First Quarter Earnings - 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(\u201cSeoul\u201d) (KOSDAQ 092190), a leading global compound semiconductor provider, today announced that despite low seasonality, it achieved the highest first quarter sales of all time (preliminary sales announcement). This press release features multimedia. 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