According to data disclosed by Wonik Materials on February 28, sales in 2021 reached KRW 310.7 billion, a 12.3% increase year-on-year, and operating profit reached KRW 50.5 billion, a 10% increase year-on-year.

Net income was 52.8 billion won, a 59.3% increase over the previous year.

Wonik Materials achieved its best-ever performance in 2021, surpassing KRW 300 billion in annual sales for the first time.

Regarding these performance results, Wonik Materials officials stated that the increase in net income for the period was due to increased sales and profits resulting from the growth of the forward-looking industry and the reversal of valuation losses on investments in affiliated companies.

Wonik Materials saw a continuous increase in sales last year as 3D NAND products, including Xenon, were in short supply.

Additionally, the semiconductor shortage that has persisted throughout the year has led to an increase in semiconductor operating rates, and the supply of special gases for semiconductors has also increased.

The semiconductor market is expected to continue growing in 2022.

Wonik Materials' major customers, including semiconductor companies, are expanding their IT investments and developing new CPUs. Demand for memory is expected to increase due to the introduction of new semiconductors, and the use of special gases is also expected to increase due to new investments in semiconductors by Samsung Electronics and SK Hynix.

Accordingly, Wonik Materials is expected to continue its growth in 2022.