[Featured Stock] Yujin Technology, No.1 in Secondary Battery Notching Molds... Consumable Parts 'Snowball Effect'

Yujin Technology, the No. 1 domestic company in secondary battery notching molds, is showing strong performance. The secondary battery sector, which had been sluggish in the domestic stock market, was listed on the KOSDAQ market on the 2nd at a public offering price of 17,000 KRW.

As of 2:19 PM on the 6th, Yujin Technology was trading at 21,800 KRW, up 2,130 KRW (10.83%) from the previous trading day.

Founded in 2010, Yujin Technology is a company specializing in secondary battery precision molds, precision machine parts, and lead tabs. With the expansion of the secondary battery market, it has shown an average annual sales growth of 13% since 2020. Its main product, the notching mold, is a key component used in the notching process that cuts electrode plates coated with cathode and anode active materials to form tab shapes. Yujin Technology currently holds a 60% market share in the domestic notching mold market, ranking first.

Lee Mi-yeon, CEO of Yujin Technology, explained at a pre-listing press conference, "While sales of equipment inevitably decline after large-scale expansion, notching molds are consumable parts that require periodic replacement every 3 to 9 months," adding, "Once supply begins, the structure allows for continuous sales and profit growth."

Yujin Technology has secured all three domestic battery companies as clients. It exclusively supplies notching molds to Samsung SDI and holds over 60% market share at LG Energy Solution. It passed mass production tests with SK On in November last year and is preparing to supply from next year.

Park Jong-sun, a researcher at Yujin Investment & Securities, stated, "With demand for electric vehicle batteries increasing at an average annual rate of 37% (2022?2030), Yujin Technology’s major customers are expanding their global investments," and added, "It maintains high market shares within LG Energy Solution and Samsung SDI." He continued, "After SK On passed mass production tests last November, market share is expected to gradually increase from 2024," and "The company plans to expand overseas business through expansion of existing corporations and entry into new regions according to customer expansion plans."