Kiturami Holdings Reports Record High Sales of 1.2372 Trillion KRW Last Year

Operating Profit Also Grows by 14%

Gidulami Holdings announced on the 12th that it recorded consolidated sales of 1.2372 trillion KRW and operating profit of 40.2 billion KRW last year, marking the highest sales for four consecutive years.

Since transitioning to a holding company structure in November 2019, Gidulami has continued to achieve record-breaking performance in 2020, 2021, 2022, and last year. Despite the adverse conditions of domestic and international economic recessions, sales grew by 3% and operating profit by 14% compared to 2022.

Gidulami Holdings controls 19 subsidiaries within the Gidulami Group, including the core heating and cooling energy affiliates ▲Gidulami ▲Gidulami Beomyang Cooling ▲Shinseong Engineering ▲Century ▲Gidulami Energy, strengthening the expertise and competitiveness of each business company and providing direction for the group’s vision.

Last year’s strong performance was driven by the simultaneous growth of the heating and cooling businesses within the Gidulami Group. The share of premium eco-friendly boilers in the home boiler segment expanded to nearly 80%. Among the three main affiliates responsible for the cooling business, Gidulami Beomyang Cooling’s sales were driven by refrigeration and air conditioning equipment for semiconductors, bio, and data centers, while exports of cooling products increased to large-scale overseas construction projects such as petrochemical plants, power plants, and electric vehicle battery factories.

Additionally, Shinseong Engineering posted solid sales results centered on supplying HVAC systems for industrial facilities such as semiconductors and dry room and clean room systems that achieve ultra-low humidity for secondary battery production processes. Century provided refrigeration and air conditioning solutions specialized for nuclear power plants and the shipbuilding industry, expanding domestic nuclear power plant refurbishment projects and overseas nuclear power plant exports last year.

A representative of Gidulami Holdings said, “Although the global economy has not recovered from the recession even after the COVID-19 pandemic, the entire group is maintaining balanced growth based on technology competitiveness leading each business sector and is advancing toward the 2030 sales target vision of 3 trillion KRW. We will actively respond to the major changes across the business brought by generative artificial intelligence technology, provide direction for the group’s vision, and accelerate the synergy of the group’s core assets in heating, cooling, air conditioning, and energy technologies to fully commit to expanding into overseas markets.”

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