DA Technology announced on the 16th that its consolidated sales for the first half of the year reached 58.5 billion KRW. This figure represents a 166.2% increase compared to the same period last year, significantly surpassing last year's sales. Operating loss for the same period was 20.4 billion KRW.
This substantial growth in scale is interpreted as the sequential reflection of orders worth approximately 120 billion KRW secured last year for secondary batteries being delivered and recorded as sales. Additionally, with cumulative orders for the first half amounting to about 59 billion KRW, already exceeding last year's sales, further performance growth is expected in the second half. Despite triple-digit growth, the increase in operating loss is attributed to initial costs of large-scale order projects.
A company representative explained, “Since it takes about six months from order to supply, the orders secured last year have been actively reflected as sales, leading to triple-digit sales growth in the first half. All orders signed through the first half of this year, following last year's order performance, are expected to be recognized as sales.”
Since early this year, DA Technology has proactively strengthened its order response capabilities by more than doubling its production capacity (CAPA). Furthermore, as deliveries to Hyundai Motor-LG Energy Solution for Indonesia have begun in earnest, initial costs such as labor expenses for large projects have somewhat increased. Since these are short-term costs, the company plans to focus on improving profitability in the second half.
DA Technology is known as one of the few companies capable of responding to laser nozzling for anode materials for LG Energy Solution. Additionally, it is the only equipment partner of LG Energy Solution holding the Z-stacking patent, which is expected to bring mid- to long-term benefits.
A company representative stated, “From this year, solo and joint investments by domestic and overseas battery cell manufacturers have been in full swing, and equipment demand for new line expansions at overseas sites such as the United States and Indonesia continues. Since the order ratio is usually high in the second half, we expect to secure orders worth approximately 150 billion KRW this year as well.”
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