[Click eStock] "Cowintech, Full-Year Operating Profit Expected to Increase 1962% YoY...More Promising Performance Ahead"

[Asia Economy Reporter Ji-hwan Park] Daishin Securities evaluated on the 14th that Kowintech is showing an improving performance trend with even greater expectations for the future. Kowintech is a specialized company in secondary battery automation equipment and systems, holding major domestic secondary battery companies as well as overseas clients in China, Europe, and other regions.

As of the first half of this year, the sales composition ratio is 74% automation systems, 3% maintenance, and 23% top material. The 50% equity investment in Top Material in March was reflected in the consolidated performance from the second quarter.

Researcher Han Kyung-rae of Daishin Securities said, "Due to the full-scale expansion cycle of the global secondary battery industry, there is growing anticipation for order expansion," adding, "As a leading domestic company in the front-end automation system sector, there is a high possibility of large-scale orders following the European expansion plans of major domestic secondary battery companies in the second half of the year." Furthermore, strengthening the network with overseas secondary battery clients through Top Material is also expected. Since 2016, Top Material has secured production line engineering orders from companies in the US, China, Europe, and Vietnam.

This year, operating profit is expected to increase by 1962% compared to the previous year, reaching 13 billion KRW. The half-year sales amounted to 51.8 billion KRW and operating profit to 3.3 billion KRW, and it is analyzed that external growth will be possible through large-scale order deliveries in the second half. The annual sales are expected to reach 124.8 billion KRW, an increase of 175.2% compared to the previous year, and operating profit is expected to increase by 1961.9% to 13 billion KRW. Researcher Han Kyung-rae stated, "there is sufficient stock price upside momentum due to order expansion after the second half and the potential for future material business."

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