[Special Stock] EID, Subsidiary's Secondary Battery Performance Expectations... 3 Consecutive Days of Increase

[Asia Economy Reporter Hyunseok Yoo] IADI has been on an upward trend for three consecutive trading days. This appears to be influenced by performance expectations due to the growth of its subsidiaries related to secondary batteries.

As of 10:47 AM on the 5th, IADI was trading at 256 KRW, up 3.23% (8 KRW) compared to the previous trading day. This marks three consecutive days of gains.

IADI entered the secondary battery market through its wholly owned subsidiaries GE and KIT. In July last year, IADI announced that it acquired 100% of the shares of secondary battery company GE for 21 billion KRW. GE supplies manufacturing process equipment to secondary battery companies including LG Chem, and is known to possess layout technology and 4D simulation technology. GE's performance, which was expected to generate sales in the high 50 billion KRW range, exceeded 60 billion KRW. Last year, it achieved sales of 63.3 billion KRW and an operating profit of 4.6 billion KRW.

Additionally, KIT, which was acquired last August with an investment of 16 billion KRW, is a powder system equipment manufacturer in the cathode material production process. Last year's sales reached 38 billion KRW, expanding by approximately 80% compared to the previous year. KIT's sales growth is attributed to its unique technology in the calcination furnace sector of the secondary battery manufacturing process and its stable client base including LG Chem, Samsung SDI, and EcoPro BM. KIT is also 100% owned by IADI.