Woojin, 1Q Operating Profit 5.5 Billion KRW... "Increase in Supply of Core Nuclear Power Measurement Instruments"

Precision measuring instrument specialist Woojin recorded strong first-quarter results due to increased deliveries of core instruments for nuclear power plants.

On the 14th, Woojin announced that its consolidated sales for the first quarter reached 35.8 billion KRW, with an operating profit of 5.5 billion KRW. These figures represent increases of 12.7% and 16.3%, respectively, compared to the same period last year. Net profit for the same period rose by 4.4% to 5.7 billion KRW.

The strong first-quarter performance was driven by the expansion of nuclear power plant operations, leading to increased deliveries of core nuclear power plant instruments, including the in-core nuclear instrument (ICI), Woojin’s flagship product. Additionally, the continuous strong performance of subsidiaries such as Woojin Entec, a specialized company in maintenance of nuclear power plant instrumentation and control equipment, also contributed to the growth in consolidated results.

Woojin’s growth trend is expected to continue into the second quarter. Woojin’s main products, such as the ICI, are consumable core components exclusively supplied to domestic nuclear power plants, and the expansion of nuclear power generation leads to increased replacement demand. Furthermore, supply of temperature sensors for semiconductors is expected to increase compared to the previous year due to the semiconductor market recovery.

Meanwhile, Woojin signed a contract to supply ICI to five nuclear power plants this year, starting with an order last December to develop comprehensive vibration assessment program (CVAP) instruments and data processing devices for Shin-Hanul Unit 3. It is also expected that orders for core instruments for Shin-Hanul Units 3 and 4, whose construction has resumed, will be secured within this year.

A Woojin official stated, “With the increase in construction and operation of nuclear power plants, our front-end market, we are maintaining continuous strong performance. We will secure growth momentum by developing core components for small modular reactors (SMR), whose necessity is growing due to increased power demand from AI and data center expansion, and by targeting overseas markets.”

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