[Click eStock] "Philoptics Acquires Title as Main Equipment Company for Secondary Batteries"

[Asia Economy Reporter Park Jihwan] Daishin Securities evaluated on the 17th that Philoptics has earned the title of a main equipment supplier for secondary batteries.

Hankyungrae, a researcher at Daishin Securities, stated, "They have successfully transitioned into a main equipment supplier for secondary batteries," and added, "With the full-scale supply of new process equipment, they have secured mid- to long-term growth drivers."

This year, Philoptics is expected to mark the official start of secondary battery equipment sales. This is because they secured new process equipment orders by switching the existing jelly roll method to the stack method in the secondary battery manufacturing process of major clients. Approximately 80 billion KRW worth of stack and notching equipment orders were secured for two lines at the clients’ Hungary Plant 1, where the new process was applied.

The researcher said, "It is expected that related equipment will also be supplied to Hungary Plant 2, which will be expanded in the future," and added, "Since Plant 2 is estimated to be larger in scale than Plant 1, it is anticipated that large-scale mid- to long-term orders will be secured."

This year’s secondary battery orders are expected to be around 100 billion KRW. The researcher emphasized, "Operating profit next year is projected to increase by 91% year-on-year to 32.9 billion KRW," and added, "Considering the clients’ mid- to long-term direction to expand annual secondary battery production capacity (CAPA), the company has entered a 2-3 year performance growth cycle, so continuous stock price re-rating is expected."