[Click eStock] "Hurum, Filler Subsidiary Growing Rapidly"

NH Investment & Securities analyzed on the 14th that Hurum's filler company WYU, acquired in 2022, is growing rapidly.

Researcher Baek Joon-gi of NH Investment & Securities explained, "While the health functional food market is sluggish, Hurum is recording better growth compared to other companies," adding, "Sales through online channels among health functional food sales channels are increasing."

He continued, "Vinezi hemp seed oil has been continuously gaining popularity since last year," adding, "Hemp seed oil is a product that helps vascular health and recorded sales of 4.2 billion KRW in the first quarter of this year." He emphasized, "Sales of hemp seed oil are expected to exceed 15 billion KRW this year."

Researcher Baek stated, "Hurum holds a 42.7% stake in WYU," and analyzed, "WYU fillers are produced in bead form, which provides high persistence in the body." He explained, "WYU's sales are expected to increase from 9 billion KRW last year to 15 billion KRW this year," and "There are plans for WYU to go public around 2026."

NH Investment & Securities estimated that Hurum will achieve sales of 109.6 billion KRW and operating profit of 8.3 billion KRW this year, representing increases of 24.0% and 121.6%, respectively, compared to last year.