A-Route "Woojin Gijeon Expected to Surpass 100 Billion KRW in Orders in First Half"

[Asia Economy Reporter Hyunseok Yoo] A-Route announced on the 28th that its affiliate Woojin Gijeon is expected to surpass 100 billion KRW in orders for the first half of the year. With large-scale orders scheduled for the second half, the annual order volume for this year is projected to increase significantly compared to last year.

Founded in 1984, Woojin Gijeon is an integrated power platform company that distributes industrial power equipment and provides total power solution services. It has over 300 clients, including major corporations such as Samsung, SK, and LG, in front industries like semiconductors, displays, and renewable energy.

Despite the impact of COVID-19 last year, Woojin Gijeon achieved sales of 183.9 billion KRW and an operating profit of 20.3 billion KRW, recording an operating profit margin of 11%. Its EBITDA, which indicates the company's cash-generating ability, has averaged over 30 billion KRW annually over the past five years.

A Woojin Gijeon official stated, "With the growth of the semiconductor market and increased investments by domestic semiconductor companies such as Samsung and SK, the order volume for the first half of this year is expected to increase by at least 30% compared to the same period last year, surpassing 100 billion KRW. Large-scale orders are also scheduled for the second half, so the annual order volume is expected to increase significantly compared to last year."

A-Route incorporated Woojin Gijeon as an affiliate on the 23rd. A-Route acquired 30.7% of the shares of Woojin Holdings, which owns Woojin Gijeon, from its subsidiary Gionics. In December last year, A-Route invested in a private equity fund that acquired convertible bonds (CB) of Woojin Holdings and secured a call option to purchase all the CBs. If A-Route exercises this call option in the future, it will also be possible to secure management rights of Woojin Gijeon.

An A-Route official added, "The growth of the semiconductor market is expected to continue for the time being, and facility investments in the renewable energy sector are also expected to increase in line with the government's 'Renewable Energy 2030 Implementation Plan.' Woojin Gijeon is expected to grow steadily in the long term, supported by the growth of front industries such as semiconductors and renewable energy."

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