Hanjoo Light Metal is showing strong performance. This is interpreted as being influenced by the expectation that Hanjoo Light Metal, which manufactures aluminum lightweight parts due to the electric vehicle lightweighting issue, will see rapid growth in its European sales.
As of 9:26 AM on the 4th, Hanjoo Light Metal is trading at 5,490 KRW, up 3.98% compared to the previous day.
Hanjoo Light Metal is an automotive parts manufacturer supplying aluminum lightweight parts to domestic and international automakers. It has secured global automotive companies such as Hyundai Kia Motors, GM, and Ford as its clients.
Last year, it recorded its highest-ever sales. On a consolidated basis, last year's sales amounted to 232.5 billion KRW, with an operating profit of 5.3 billion KRW. Sales increased by 23% compared to the previous year, while operating profit decreased by 26%.
A representative of Hanjoo Light Metal stated, "With the full-scale operation of the Slovakia plant in Europe, we plan to actively respond to orders from European automakers and secondary battery companies by expanding local production volume," and added, "We expect not only an increase in sales but also an improvement in operating profit."
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