[Special Stock] BHI Secures New Orders Worth 320 Billion KRW... Active Participation in Power Facility Projects

BHIG is showing strong performance. The news of increased profits in the first quarter of this year appears to be influencing the stock price.

As of 2:52 PM on the 14th, BHIG was trading at 9,680 KRW, up 510 KRW (5.56%) compared to the previous trading day.

BHIG, a company specializing in power generation equipment, announced on the 14th that its consolidated operating profit for the first quarter of this year increased by 122.7% year-on-year to 3.5 billion KRW. Net profit for the same period reached 6 billion KRW, marking a 759.1% increase.

Since the end of last year, the order backlog has significantly increased due to a series of large-scale supply contracts. BHIG recently signed supply contracts with Doosan Enerbility, Hanwha Energy, and Daewoo Construction. Last month, BHIG secured a new HRSG supply contract from a major domestic corporation, bringing the total number of new projects secured this year to five. The total value of orders secured by BHIG since March has exceeded 320 billion KRW. BHIG plans to accelerate performance growth through HRSG and nuclear power plant projects.

Profitability improved due to strong core business performance centered on key products such as Heat Recovery Steam Generators (HRSG) and company-wide cost reduction efforts.

BHIG lowered its debt ratio from 480% at the end of last year to 343% in the first quarter of this year.

A BHIG representative explained, "With the rapid growth of power-intensive upstream industries such as artificial intelligence (AI), data centers, semiconductors, and electric vehicles, follow-up investments in energy infrastructure equipment and facilities like power equipment are expected to continue," adding, "With the debt ratio further reduced, participation in various new projects has become possible."

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