Kumho HT Reports Q2 Sales of 157.8 Billion KRW, Up 27% QoQ... "Steady Growth Continues"

Kumho HT continued its solid growth by fully ramping up the supply of battery components in the second quarter.

Automotive parts company Kumho HT announced on the 14th that its consolidated sales for the second quarter reached 157.8 billion KRW, operating profit was 4.7 billion KRW, and net profit was 2.6 billion KRW. This represents increases of 27% and 390% respectively compared to the previous quarter, with net profit turning positive.

The growth in performance was driven by increased sales of key products due to higher vehicle production compared to the previous year. A company representative stated, “New sales from the supply of BMS (Battery Management System) PCB ASSY were reflected in the results,” adding, “Battery Module Assy (BMA) parts completed sample testing this year and are scheduled to be supplied in full to domestic battery pack customers in the first half of next year.”

The company’s sales in the automotive headlamp sector are also steadily rising. More than 40% of these sales come from exports. Due to the rapid growth of emerging overseas automotive markets, the volume of headlamp product orders is expected to continue increasing.

Kumho HT’s largest shareholder is automotive electronics company Ecobolt, which holds a 28.43% stake. Ecobolt’s vehicle headlamp business has entered a stabilization phase, turning profitable in the second quarter of this year.

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