Woojin Achieves 100 Billion KRW in 3Q Cumulative Sales..."Continued Growth Next Year"

Woojine, a specialized company in industrial precision measuring instruments, announced on the 13th that its cumulative sales on a consolidated basis for the third quarter reached 100 billion KRW, a 7.6% increase compared to the same period last year. During the same period, cumulative operating profit recorded 13.5 billion KRW.

Woojine's growth in scale was driven by increased deliveries of in-core nuclear instrumentation (ICI), rod position transmitters (RSPT), and temperature sensors (TC, RTD) due to the increased operation of nuclear power plants. Its subsidiary Woojin Entec also expanded sales as its maintenance business for instrumentation and control equipment at nuclear and thermal power plants continued to grow.

Woojine's growth trend is expected to continue beyond next year. The importance of nuclear power, which can provide continuous power generation due to peak power demand increases, is rising, leading to higher operation rates, and the construction of new nuclear power plants such as Shin Hanul Units 3 and 4 has resumed.

Woojine's core products, including ICI and RSPT, are supplied during the construction of new nuclear power plants but also require regular replacement, generating continuous demand while nuclear power plants are in operation.

A Woojine representative stated, “Although there is performance variability depending on the quarterly delivery scale of core measuring instruments and the operating conditions of subsidiaries, we are showing continuous performance growth due to the expansion of the upstream nuclear power industry. Considering the expansion of domestic and overseas nuclear power plant investments and plans for Small Modular Reactor (SMR) construction, future performance growth is possible.”

Meanwhile, Woojine has embarked on technology development and investment to apply the technological expertise accumulated through its nuclear power plant core instrumentation business to SMRs. Woojine is participating in government projects related to SMRs and the Korean SMR development project. Additionally, its subsidiary Woojin Entec is focusing on developing related technologies and equipment in preparation for the full-scale expansion of the nuclear power plant decommissioning market.

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