Ceragem Reports 667.1 Billion KRW in Sales Last Year... "Record High Performance"

[Asia Economy Reporter Donghyun Choi] Ceragem announced on the 7th that it achieved record-high sales and operating profit last year.

Ceragem's consolidated sales in 2021 reached 667.1 billion KRW, growing 122.1% compared to the previous year. Operating profit was 92.5 billion KRW, and net profit was 81.7 billion KRW, increasing by 291.9% and 383.4%, respectively.

Last year, Ceragem's domestic sales led overall revenue growth, increasing 156.1% from 199.2 billion KRW the previous year to 510.2 billion KRW. In particular, the Ceragem V6, launched in August last year, accounted for over 80% of spine medical home appliance shipments within six months of its release, driving the record performance.

Among domestic sales, the strategic business division responsible for the B2C sector recorded sales of 496.4 billion KRW, a 2386% increase compared to 20.8 billion KRW when the business first started in 2018.

Global sales also achieved 156.9 billion KRW, a 55.3% increase year-on-year despite customer experience restrictions due to COVID-19. Notably, sales in China rose 83.2% to 130.3 billion KRW compared to the previous year.

Ceragem is accelerating its global expansion by simultaneously opening three directly operated experience stores in key locations in Los Angeles, California, USA. Starting this year, the company plans to further strengthen its global market strategy by actively transplanting its successful domestic business model overseas.

It plans to continuously introduce new product lines in the home healthcare sector, such as the recently launched full-body massage chair, "Pause Deco." Additionally, to meet the growing demand for home healthcare appliances like the Ceragem V6, the domestic production line will be doubled this year, and about 700 new employees will be hired. Ceragem will also invest 100 billion KRW over three years in equity investments for research and development, design advancement, and joint research.

A Ceragem official stated, "Last year was a year in which Ceragem solidified its position as the undisputed leader in the Korean home healthcare appliance market through record growth in the domestic B2C business," adding, "This year, we will strive to become a global home healthcare innovation company through strengthened overseas business investments and aggressive research, development, and design investments."

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