[Special Stock] LG Ensol, 'Double Positive Factors' Including Earnings... Surges for 4 Consecutive Trading Days

[Asia Economy Reporter Ji Yeon-jin] LG Energy Solution has been showing a sharp rise for four consecutive trading days.

As of 9:38 AM on the 8th, LG Energy Solution is trading at 573,000 KRW, up 4.56% (25,000 KRW) compared to the previous day. The stock price is believed to have been driven by strong earnings announcements amid expectations that passive funds will flow in as it was included in the secondary battery ETF this week and major indices starting this month.

Earlier, LG Energy Solution announced that its annual sales for last year reached 17.8519 trillion KRW, and operating profit was 768.5 billion KRW.

Sales increased by 42% compared to the previous year (2020), and operating profit turned positive from a deficit of 289.5 billion KRW. The operating profit margin was 4.3%.

This amount includes one-time factors such as costs related to GM and energy storage system (ESS) recalls and settlement fees with competitors. Excluding one-time costs, LG Energy Solution explained that last year's sales were 16.8597 trillion KRW, and operating profit was 917.9 billion KRW.

LG Energy Solution stated, "Although the annual sales target of 18.9 trillion KRW was somewhat missed due to external management challenges such as vehicle semiconductor supply shortages and rising prices of key raw materials, sales increased significantly compared to the previous year based on growing global electric vehicle demand and productivity improvement efforts such as yield (the ratio of defect-free qualified products)."

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