[Click eStock] "Doosan Solus, 5G Copper Foil Business Slumps... Disappointing Q3 Results"

[Asia Economy Reporter Park Jihwan] NH Investment & Securities evaluated Doosan Solus on the 20th, stating that the company experienced a disappointing third quarter due to sluggish performance in the 5G copper foil business.

Ko Jung-woo, a researcher at NH Investment & Securities, stated, "The third quarter sales and operating profit were 74 billion KRW and 7.5 billion KRW respectively, falling short of our forecast of 75 billion KRW in sales and 9 billion KRW in operating profit." He explained that the difference from the forecast was due to a decrease in copper foil supply for networks caused by delayed 5G investments by China's Huawei.

However, in the organic light-emitting diode (OLED) materials business, the decline in performance was mitigated by new smartphone launches from major set manufacturers, increased panel shipments from panel customers, and expanded use of materials.

The net loss for the third quarter this year was 2.3 billion KRW. This was because foreign exchange losses increased significantly to 10 billion KRW due to the strengthening of the euro, compared to 3.4 billion KRW in the previous quarter.

Researcher Ko said, "Doosan Solus is the only company worldwide to have established copper foil production facilities for batteries in Europe (Hungary)," and added, "The competitive environment in Europe is positive, so the company's market dominance is expected to strengthen."

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