[Public Notice+] EID, Operating Profit of 3 Billion KRW Last Year 'Turned to Black'... "Acquisition Effect of Secondary Battery Company Begins in Earnest"

[Asia Economy Reporter Hyunseok Yoo] EID announced on the 14th that its consolidated operating profit for last year was tentatively estimated at 3 billion KRW, marking a turnaround to profitability. During the same period, sales increased by 22.6% to 148.9 billion KRW, and net profit reached 3.7 billion KRW, also turning positive.

At the center of this performance improvement are GE and KIT, which EID acquired last year. Both companies achieved solid growth as equipment expansion by secondary battery manufacturers surged. GE, the only domestic company specializing in full-process equipment for secondary batteries, recorded an operating profit of over 6 billion KRW last year, showing an increase of more than 600% compared to the previous year. This was thanks to differentiated competitiveness in logistics design through layout technology and 4D simulation. KIT, a manufacturer of production process equipment for cathode materials, a core component of secondary batteries, also saw its operating profit increase by approximately 450% year-on-year due to stable client acquisition.

Since last year, EID has been restructuring its business portfolio through bold investments. Focusing on medium- to long-term growth potential, the company sought new growth breakthroughs in the secondary battery market and made aggressive investments in GE and KIT. Nearly 100 billion KRW in large-scale funds were invested during this process. In the first year after acquisition, the parent company EID’s operating profit and net profit increased by 6.4 billion KRW and 10.4 billion KRW respectively compared to the previous year, signaling that the investment results are already taking off.

A company official stated, “With carbon emission regulations tightening mainly in Europe, global electric vehicle sales are rapidly increasing, which has led to a boom in the secondary battery market and explosive growth in equipment investment. Since the upstream industry is in a growth cycle, EID’s growth story is just beginning.”

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