1. Wonjun’s Q2 2025 Performance: What Happened?
Wonjun reported revenue of KRW 23.9 billion, operating profit of KRW 3.4 billion, and a net loss of KRW 3.5 billion for Q2 2025. Both revenue and profit decreased significantly compared to the same period last year, with net income turning negative. The substantial decline in revenue compared to Q1 2025 is also noteworthy.
2. Reasons for the Decline: Why These Results?
This underperformance is attributed to a combination of factors, including seasonality, potential project delivery delays, increased costs, higher SG&A expenses, and increased interest expenses. The decline in profitability compared to the same period last year is a particular concern. Further information disclosure is needed for a more detailed analysis.
3. Battery Market Outlook and Wonjun’s Growth Potential: What’s Next?
The battery equipment market, in which Wonjun operates, is expected to experience long-term growth. With a substantial order backlog, Wonjun has the potential for future performance improvements. However, investors should be aware of the possibility of increased short-term stock price volatility.
4. Investor Action Plan: What Should You Do?
Currently, we recommend a ‘hold’ or ‘wait-and-see’ approach. While the short-term decline in performance is concerning, the growth of the battery market and the large order backlog are positive factors. Investors should closely monitor future earnings trends, order intake, and exchange rate fluctuations to adjust their investment strategies.