1. What Happened? Analyzing the Earnings Decline

Woojin BHI reported consolidated revenue of KRW 62 billion, operating profit of KRW 3.1 billion, and net income of KRW 0.9 billion for H1 2025. This represents a year-on-year decrease of 17.5%, 62.0%, and 92.2%, respectively. All major business segments, including nuclear, plant, and temperature sensors, experienced declining sales, largely attributed to external factors like the global economic slowdown, reduced client investments, and sluggish construction and manufacturing sectors.

2. Why These Results? External Factors and Internal Strategies

The nuclear business segment was impacted by completed deliveries and delays in new orders, while the plant segment suffered from the downturn in the steel industry. In addition to declining sales, increased costs also contributed to the profit squeeze. However, there are positive developments. Woojin is pursuing a new smart factory software business in response to the fourth industrial revolution and continues to invest in R&D for future growth.

3. What’s Next? Future Outlook and Growth Potential

While a short-term recovery seems challenging, there are positive long-term factors. The successful establishment of the smart factory business, a recovery in the nuclear and plant sectors, and securing overseas nuclear power plant orders are key to Woojin’s turnaround. Notably, its robust financial health will be a strength in the face of economic uncertainty.

4. What Should Investors Do? Investment Strategies and Considerations

  • Monitor Nuclear Order Trends: Stay updated on news and developments related to overseas nuclear power plant orders.
  • Check Smart Factory Business Growth: Pay close attention to the sales and profitability trends of the new software business.
  • Monitor Macroeconomic Indicators: Understand the impact of global economic conditions, exchange rates, and interest rate fluctuations on Woojin’s performance.