[Asia Economy Reporter Yoo Hyun-seok] NineTech is showing strong performance. It appears that there is a trend of re-evaluating corporate value following the listing of A-Pro, a secondary battery equipment developer.
As of 9:55 AM on the 16th, NineTech was trading at 2,685 KRW, up 19.33% (435 KRW) compared to the previous trading day.
NineTech, established in June 2007, is a developer of secondary battery equipment. It operates a base in Hwaseong, Gyeonggi Province, and mass-produces various secondary battery manufacturing equipment such as Lamination & Stacking. Its major clients are LG Group affiliates including LG Chem, LG Electronics, and LG Display. The 'Lamination & Stacking' manufacturing technology is one of LG Chem’s technological strengths that maximizes internal space utilization to achieve the highest energy density.
Choi Bo-young, a researcher at Kyobo Securities, explained, "They supply special assembly equipment to LG Chem," adding, "LG Chem is their 100% secondary battery sales client, and they have an exclusive supply based on the Lamination & Stacking characteristics of the client’s battery manufacturing method."
He continued, "Based on their exclusive position within the country’s largest battery client, we expect growth in the secondary battery equipment division and favorable conditions in the upstream industry due to expanded display investments in the Greater China region," and added, "The overhang from Medici Small and Medium Leading Enterprise Investment Association, which was an investor before the merger, presents an investment opportunity."
A-Pro produces equipment used in the activation process of secondary battery production, based on technology in power conversion and circuit fields. Their product lineup mainly consists of chargers/dischargers (Formation) and testing equipment. Chargers/dischargers include general chargers/dischargers and high-temperature high-pressure chargers/dischargers, while testing equipment includes IROCV and Cycler.
A-Pro was the first in Korea to develop a high-temperature high-pressure charger/discharger that integrates charging/discharging, high-temperature, and pressure processes, applying it to mass production lines. This shortens battery manufacturing time, improves battery efficiency and quality, and reduces production costs. Established in 2000, A-Pro is a secondary battery manufacturing equipment company. Its major client is LG Chem. The market capitalization of A-Pro, which was listed on this day, is 356 billion KRW.
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