PRO2000프로이천

PRO2000's trailing profit is well above its sales-based scale, but revenue has fallen and the share price is down sharply over the past year.

PRO2000 makes display and semiconductor inspection equipment, selling mainly to large panel makers such as Samsung Display and LG Display and Chinese display companies. For the twelve months to H1 2026, revenue was ₩29.9B and operating income was ₩1.8B, while net income of ₩8.5B was far higher than operating profit, which the data does not explain. The share price closed at ₩1,356 on 2026-10-27, down 34.5% over one year and near its 52-week low of ₩1,290.

What stands out

• Revenue fell 12.5% in 2025 to ₩31.5B after a 8% rise in 2024, and trailing revenue is ₩29.9B.
• Trailing operating margin is 6.1%, but net margin is 28.4%, so net income is much larger than operating income; the filings data does not say what drove the gap.
• Shares trade at 4.5x trailing earnings and 0.8x book value, with a DCF-based base value of ₩1,311 from the data pack, close to the current price.
• Cash of ₩6.9B and no reported borrowings, with trailing free cash flow of ₩4.8B.
• Recent filings are mostly shareholder meeting notices and amendments, a CEO change on 2026-07-14, and a treasury share sale decision; no news headlines were in the data.

What to watch

• The next half-year or annual results, to see whether revenue recovers and whether the gap between operating and net income persists.
• Outcomes and follow-up filings from the September 2026 extraordinary shareholders' meeting and the CEO change.
• Customer concentration in display makers and the impact of the treasury share sale, which the data does not quantify.