Atomic force microscope (AFM) equipment maker Park Systems recorded 34.9 billion won in revenue and 10.1 billion won in operating profit in the second quarter.
The earnings beat market consensus and is a growth of 139% and 7352%, respectively, from a year ago.
The high growth is also noticeable as the global chip market is showing sluggish growth and most chip companies are reducing their spending.
Park Systems saw high demand from Taiwan as well as other places outside of China, a market where it traditionally sees high growth.
The company conventionally sees orders increase during the second and third quarters as its Chinese customers usually place orders in the first half of the year and the lead time for its AFM is between four to six months.
But the company said it has escaped this seasonality as it gained more customers outside of China.
As of the end of 2022, it had 43.7 billion won worth of remaining orders, more than double that of the same time period in the prior year, which proves that it has escaped this seasonality, Park Systems explained.
The company is also expecting the shipment of NX-Wafer, its main product, to increase going forward.
The kit is used to find and analyze defects on the wafer without contact and is used in the front-end of wafer fabrication.
However, more and more such equipment is being used in the back-end as well as chip makers apply more advanced technologies such as through silicon via hybrid bonding, which means demand for NX-Wafer will also increase.
Park Systems is also seeing shipment of its EUV mask particle and bump remover NX-Mask. The equipment was developed from the request of its chip-making customer in Taiwan.