Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to ensure stable operations in the small mobile business by expanding panel shipments [12] - In the IT LCD business, the focus is on reducing low-margin products while enhancing high-end segments [14] - The company aims to solidify its leadership in the premium market for large panels [15] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4 [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of cost innovation efforts [11] - CapEx for this year is expected to be in the high KRW 1 trillion range, below last year's level [15] Q&A Session Summary Question: Sustainability of Business Performance and Market Outlook - The company believes it has the structure to sustain business performance and expects to improve profitability by another KRW 1 trillion this year [20][21] Question: Response to ASP Pressure and Future Growth Strategy - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: Market Reception of New Models and Shipment Outlook - The company has seen positive reception for new models and expects to further expand performance from last year [27][28] Question: Strategy for Foldable Smartphone Panel Business - The company is preparing for potential market growth and maximizing supply volume for existing products [34] Question: LCD IT Business Strategy - The company is focused on maintaining profitability by downsizing low-margin models and enhancing high-end lineups [39] Question: OLED TV Business Strategy - The company projects a mid 6 million unit level of large OLED panel shipment this year, expecting growth to 7 million units next year [44]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Chinese export and import market** as of August 2025, highlighting trends in trade balances and growth rates. Core Insights and Arguments 1. **Export and Import Growth Trends** - Exports increased by **4.4% year-over-year (yoy)** in August, down from **7.2%** in July, and below the market consensus of **5.5%**. Imports grew by **1.3% yoy**, a decrease from **4.1%** in July, also trailing consensus expectations of **3.4%**. The trade surplus narrowed to **USD 102.3 billion** from **USD 98.2 billion** in July [2][1][2]. 2. **Sector-Specific Export Performance** - The slowdown in exports was primarily observed in traditional consumer goods, with clothing exports down **9.8% yoy** and footwear down **16.9% yoy**. In contrast, high-tech products showed resilience, with electronic integrated circuits (ICs) growing **32.7% yoy** and LCD panels increasing **13.8% yoy** [3][3][15]. 3. **Geographical Export Dynamics** - Exports to the US plummeted by **33.1% yoy**, attributed to ongoing trade frictions. Conversely, exports to the EU, Japan, ASEAN, and Hong Kong saw growth rates of **10.8%**, **7.0%**, **22.7%**, and **17.6%** respectively, indicating a shift in trade patterns [4][4][22]. 4. **Import Growth Weakness** - Import growth weakened across various categories, with notable deceleration in high-tech products and major commodities. Copper and iron ore imports saw growth slow to **1.7%** and **0.6% yoy**, respectively, following a previous improvement [5][5]. 5. **Future Projections** - A sharper deceleration in exports is anticipated for September and October due to the payback of earlier frontloading. The US-China trade truce may not sustain demand, especially with higher tariffs affecting US end demand. Imports are expected to reflect ongoing domestic demand weakness [6][6]. Additional Important Insights 1. **Product-Specific Export Trends** - Labor-intensive and home-related product exports weakened significantly, with declines of **6.4% yoy** and **7.7% yoy**, respectively [9][9]. 2. **Commodity Import Trends** - While the value of crude oil and iron ore imports fell by **15.3%** and **2.3%**, their volume increased by **0.6%** and **3.8%**, indicating a complex demand scenario [24][24]. 3. **High-Tech Product Imports** - Import growth for integrated circuits remained strong at **8.1%**, while ADP machines contracted by **8.9%** [28][28]. 4. **Agricultural Imports** - Agricultural imports fell by **2.7% yoy**, with mixed performance across categories such as meat (+3.2%) and grain (-10.6%) [30][30]. This summary encapsulates the key findings and projections regarding China's trade performance, highlighting both challenges and areas of resilience within the export and import sectors.