1. Key Takeaways from the IR
HD Hyundai Infracore addressed key concerns such as management performance and business conditions, and answered investor questions. Particular attention was focused on the synergy effects expected from the merger with HD Hyundai Construction Equipment and the company’s mid- to long-term growth strategy.
1.1. H1 2025 Performance Analysis
- Revenue: KRW 2.203 trillion (2.8% decrease YoY)
- Operating Profit: KRW 173.6 billion (0.4% decrease YoY)
- Net Income: KRW 67.4 billion (48.4% decrease YoY)
The main reasons for the decline in revenue and profit are decreased sales in the construction equipment sector due to the construction market slowdown, and financial gains and losses related to derivatives and foreign exchange losses. However, the stable performance of the engine division and efficient cost management are positive factors.
1.2. Future Growth Engines and Investment Strategy
HD Hyundai Infracore continues to invest in securing future growth engines, including expanding production capacity, improving factory environments, developing unmanned/automated technologies, and developing eco-friendly engines. In particular, the company expects to strengthen its market competitiveness and create synergy through the merger with HD Hyundai Construction Equipment.
2. Action Plan for Investors
Consider the following points when developing an investment strategy based on the IR information:
- Thorough analysis of the merger synergy effects and earnings outlook
- Monitoring macroeconomic indicators, including the global economic slowdown and exchange rate volatility
- Trends in technological competitiveness and market share changes compared to competitors