1. What Happened? Q2 Earnings Analysis

JNK Global announced its Q2 2025 preliminary earnings on August 14, 2025. The company reported KRW 29.3 billion in revenue, KRW 600 million in operating profit, and a net loss of KRW 800 million. While operating profit turned positive, both revenue and net income decreased.

2. Why These Results? Analyzing the Decline

  • Continued Revenue Decline: The ongoing revenue decline since Q4 2024 is likely due to uncertainties in the global plant market for industrial furnaces (FH), intensified price competition in Southeast Asia, and other factors.
  • Net Loss: Despite the positive operating profit, the net loss requires further financial analysis, but it may be attributed to increased financial costs.

3. What’s Next? Investment Strategies

In the short term, investors should exercise caution due to the potential for increased stock price volatility. A mid-to-long-term investment strategy should consider the following:

  • Future order trends and competitiveness of the FH business
  • Potential for profitability improvement in the hydrogen business
  • Securing financial soundness and investment performance
  • Responding to changes in the macroeconomic environment

4. Investor Action Plan

Investors should carefully review JNK Global’s future earnings announcements and management’s business plans and continuously analyze risk factors related to changes in the macroeconomic environment. It’s also crucial to conduct comparative analyses with competitors in the same industry to objectively assess JNK Global’s investment value.