1. The Change: What Happened?
On September 2, 2025, Hanjung NCS’s largest shareholder changed from Hwan-sik Kim et al. to Sang-gyun Kim et al. Critically, this change was due to an internal transfer of shares through gift/inheritance, with no change in the total number of shares or ownership percentage (35.47%).
2. Why It Matters: Fundamentals and Market Analysis
While the shareholder change itself may have limited direct impact, understanding Hanjung NCS’s current fundamentals and the market landscape is crucial.
2.1. Unstable Financials
As of H1 2025, Hanjung NCS continues to face challenges with declining sales, an operating loss, and a high debt-to-equity ratio. While the growth potential of the ESS/EV market and the company’s technological capabilities are positive, customer diversification and improved profitability are urgent needs.
2.2. Volatile Market Conditions
External factors such as rising raw material prices, exchange rate fluctuations, and high interest rates further pressure Hanjung NCS.
3. The Outlook: Short-term and Long-term
3.1. Short-Term Impact: Neutral Outlook
The change in major shareholder, without a change in ownership percentage, is unlikely to significantly impact stock prices in the short term. The company’s poor performance is expected to be a stronger influence.
3.2. Long-Term Impact: Dependent on New Strategies
The new major shareholder’s management strategy, investment plans, and profitability improvement measures will significantly influence the company’s future value. The company’s success in overseas market expansion and debt management will be key variables.
4. Investor Action Plan: Proceed with Caution
A cautious approach is recommended in the short-term. Investors should closely monitor the new management’s strategy and performance improvements in the long term. Thoroughly analyze the company’s growth potential and make informed investment decisions.