Dong-A Hwasung is showing strength. This is interpreted as highlighting the fact that it supplies about 90% of the electric vehicle battery pack gaskets for Hyundai Kia Motors, following Hyundai Motor's announcement of its highest-ever first-quarter performance.
As of 10:01 AM on the 26th, Dong-A Hwasung is trading at 9,560 KRW, up 2.25% compared to the previous day.
The previous day, Hyundai Motor announced that its consolidated sales for the first quarter of this year reached 37.7787 trillion KRW, with an operating profit of 3.5927 trillion KRW. The first-quarter operating profit was an earnings surprise, exceeding the market forecast of 2.9 trillion KRW. It also surpassed Samsung Electronics' operating profit of 600 billion KRW.
Meanwhile, Dong-A Hwasung is a manufacturer of special rubber parts for automobiles, home appliances, and industrial use, producing battery pack gaskets/seals for electric vehicles and intake/exhaust hoses for hydrogen vehicles. It currently supplies about 90% of the battery pack gaskets for Hyundai Motor's Ioniq series, Kia EV6, and Nexo.
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