[Concall] SK On Achieves 400 Trillion KRW Order Backlog... "Profitability Slows in First Half of This Year"
![[Concall] SK On Achieves 400 Trillion KRW Order Backlog... "Profitability Slows in First Half of This Year"](http://www.asiae.co.kr/news/img_view.htm?img=2023042311044497856_1682215484.jpg)
SK On has achieved an order backlog exceeding 400 trillion KRW as of the end of last year.
On the 6th, SK Innovation stated during its Q4 conference call that "thanks to the expansion of orders from existing and new customers, we achieved an order backlog of over 400 trillion KRW last year."
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They added, "SK On expects a temporary decline in profitability due to the stabilization of battery yield and a decrease in average selling price (ASP) at new facilities in China and Hungary during the first half of the year. Despite an unfavorable business environment such as weakened electric vehicle demand, shipment volume is expected to continue growing thanks to the operation of new factories."
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