The stock price of Seojin System, which is expanding its business areas into semiconductor equipment and electric vehicle parts, is on the rise on the 15th.
As of 9:41 AM on that day, Seojin System was trading at 32,750 KRW, up 1,250 KRW (3.97%) from the previous trading day.
Researcher Lee So-jung of Sangsangin Securities said, "Seojin System, which operates mainly in metal processing, is expanding its business areas from energy storage systems (ESS) and communication equipment to semiconductor equipment and electric vehicle parts. Since ESS sales began in earnest from the fourth quarter of last year, profit growth has accelerated. This year, sales are expected to reach 1.33 trillion KRW, a 71% increase from last year, and operating profit is forecasted to increase by 226% to 159.6 billion KRW."
He added, "In the mid to long term, the semiconductor business division is expected to surpass the scale of ESS. The electric vehicle parts division, which currently has a low profit level, is expected to begin full-scale production from 2026, marking the third growth story."
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