[Click eStock] "IL Science, Expecting Both Earnings Improvement and New Business Growth Potential"

[Asia Economy Reporter Hyunseok Yoo] Hanwha Investment & Securities analyzed on the 8th that IL Science is expected to improve performance and enhance growth potential through new businesses. No investment opinion or target price was presented.

IL Science is a lighting solution company. Its main businesses include LED silicon lenses and LED lighting applying these lenses, IoT technology-based lighting systems, and LED beauty care devices (scalp care beauty devices combining microcurrent and LED light sources). As of last year, the sales composition by product was 12% LED silicon lenses, 56% LED lighting and systems, 20% lighting and electrical services, and 12% beauty care.

Dongha Kim, a researcher at Hanwha Investment & Securities, said, "Growth in scale and profitability improvement of the existing lighting business are expected," adding, "This is due to the growth in scale of the highly profitable LED silicon lenses, growth and profitability improvement of lighting and electrical services, and expansion of LED lighting growth through deliveries to large construction companies for housing units."

He also expected growth in new businesses. He emphasized, "The launch of the scalp care beauty device Polinic is expected to provide growth momentum for the new beauty care business," and added, "Considering increased consumer interest in scalp care beauty devices and the high cost-effectiveness compared to competitors' products, favorable sales are anticipated." He further added, "Overseas expansion is also planned in the future, which will further increase growth potential."

As a result, record-high performance is expected this year. Hanwha Investment & Securities forecasted that IL Science's sales will increase by 210% year-on-year to 54.4 billion KRW and operating profit will turn positive to 6 billion KRW this year. Researcher Kim said, "This is due to profitability improvement in lighting and electrical services following entry as a first-tier vendor, increased demand for LED silicon lenses, and new sales from scalp care beauty devices," and added, "Since performance improvement and growth expansion are expected, a revaluation of corporate value is anticipated."

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