Haesung DS

해성디에스 · 195870

Information Technology Components · KOSPI

Small-cap

Market cap US$937.5M (₩1.3T)

Overview

Haesung DS makes the structural packaging materials, called substrates, that physically hold and connect semiconductor chips inside finished electronic devices.

It supplies two main substrate types: lead frames and package substrates, shipping the majority of its output to integrated device manufacturers (IDMs, companies that both design and make chips) and outsourced assembly and test firms concentrated in China and Southeast Asia. Listed on KOSPI, Korea's main stock exchange, the company earns roughly three-quarters of its revenue from lead frames, with the remainder from package substrates.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025
Revenue · FY2025
US$473.5M
▲ +8.4% YoY
Operating profit · FY2025
US$33.7M
▼ −18.2% YoY
Net income · FY2025
US$17.3M
▼ −59.4% YoY

Revenue

  • FY2023US$487.1M
  • FY2024US$437M
  • FY2025US$473.5M

Operating profit

  • FY2023US$74.3M
  • FY2024US$41.2M
  • FY2025US$33.7M

Net income

  • FY2023US$61.2M
  • FY2024US$42.5M
  • FY2025US$17.3M

Key ratios (FY2025)

ROE
4.2%
Debt/Eq
56.0%
Op. margin
7.1%
Net margin
3.6%
Rev. YoY
▲ +8.4%

Why it matters

The company highlights a proprietary PPF plating technology for lead frames and a particular focus on automotive-grade lead frames, which require especially stringent quality standards.

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For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-06-12 (KST). · FX: 1 USD ≈ ₩1,380 (2026-06-01).

Company summaries are generated and may contain errors; financial figures are mapped directly from official filings.