[Click eStock] "Zinus, Beneficiary of COVID-19... Increased Expectations for Second Half Performance"

[Asia Economy Reporter Park Jihwan] NH Investment & Securities evaluated that Jinus delivered better-than-expected performance in the second quarter of this year due to high growth in Australia, Europe, Canada, and other regions. They analyzed that the increase in housing-related consumption and the acceleration of channel shifts to online platforms make the performance outlook for the second half of the year promising.

Ji-young Lee, a researcher at NH Investment & Securities, explained, "With the increase in time spent at home worldwide due to the novel coronavirus infection (COVID-19), housing-related consumption has surged sharply," adding, "The shift of consumption channels to online platforms is also accelerating, making Jinus a direct beneficiary of these two trend changes."

In the first half of the year, negative issues such as production disruptions in Chinese factories, logistics delays in the U.S., and Amazon grocery pre-delivery occurred amid rapidly changing COVID-19 circumstances. However, it is expected that both internal and external sales conditions will stabilize from the second half of the year. Inventory assets at the end of the second quarter increased by 55% compared to the end of the first quarter, mostly in preparation for high demand in the second half.

Researcher Ji-young Lee forecasted, "In the mid to long term, by establishing a new production facility in Georgia, USA, Jinus will be able to respond closely to the rapidly increasing demand," and added, "It is also expected to offset risk factors such as anti-dumping issues."

This content was produced with the assistance of AI translation services.