[Special Stock] Hyeongji Elite's Stock Soars for Second Day on Earnings Improvement Expectations

Hyoungji Elite has been soaring in the stock market for two consecutive days. This is interpreted as growing expectations for performance growth following the disclosure of the annual business report on the 20th.

As of 1:08 PM on the 25th, Hyoungji Elite was trading at 2,050 KRW, up 21.81% from the previous day's closing price. The stock price rose sharply from the beginning of the session, approaching the 2,200 KRW level before experiencing a slight correction.

Hyoungji Elite also hit the upper limit price yesterday, rising 29.96%. This marks an approximate 55% increase over two days. The upward trend began on the 11th, with the stock price rising for eight consecutive trading days.

The stock price increase reflects expectations that earnings will grow sharply. In the business report disclosed on the 20th, Hyoungji Elite announced that its annual operating profit from July last year to June this year reached 7 billion KRW, a 182% increase compared to the same period last year. Sales, which were only 94.5 billion KRW a year ago, also recovered to 133 billion KRW.

The performance of Hyoungji Elite’s Chinese joint venture, Shanghai Elite, also showed growth. Shanghai Elite’s sales reached 18.3 billion KRW, a 15% increase compared to the same period last year. The expansion of premium school uniform supply chains to private and international schools contributed to this performance improvement.