[Special Stock] Seojin System, ESS Market Growth Accelerates... "Related Sales to Exceed 1 Trillion Next Year"

Seojin System is showing strong performance. It appears that securities firms' analysis predicting the full-scale growth of the ESS equipment division has had an impact.

As of 10:05 AM on the 8th, Seojin System was trading at 29,900 KRW, up 550 KRW (1.87%) from the previous trading day.

Seojin System is a company specializing in the production and supply of metal-related parts such as aluminum, and it has large-scale production facilities and manufacturing equipment in Vietnam.

Oh Hyunjin, a researcher at Kiwoom Securities, stated, "Seojin System's ESS equipment division's competitiveness is understood to be secured through extensive mass production experience and know-how, internalization of equipment, and vertical integration of manufacturing processes, resulting in high productivity and price competitiveness." He added, "Through this, it is understood that they are leading suppliers to global companies such as Fluence Energy and Powin Energy, and growth is expected to continue through recent customer expansion and target market expansion."

He emphasized, "Accordingly, ESS equipment sales are expected to reach 700 billion KRW this year and exceed 1 trillion KRW in 2025."

This year's expected sales and operating profit are 1.3191 trillion KRW and 142.5 billion KRW, respectively, representing increases of 69% and 191% compared to the previous year. He said, "High performance growth is expected to continue," and added, "Growth in the semiconductor sector through the subsidiary 'Texon' should also be noted, with growth expected to accelerate in 2025 through securing customers."