Seokgyeong AT Reports 4.1 Billion KRW in Q3 Sales, Up 13.8%... "Improved Performance Driven by Increased Orders and Profitability"

Nanomaterial specialist Seokgyeong AT announced on the 13th through a disclosure that its consolidated financial statements showed a 13.8% increase in sales for the third quarter of this year compared to the same period last year, reaching 4.12631 billion KRW. Operating profit rose by 5.7% year-on-year to 1.21038 billion KRW.

A company representative stated, "Despite an increase in recurring R&D expenses due to expanded investment in research personnel and R&D, operating profit rose as profitability improved with a surge in orders for new model magnetic material processing in the subcontracting sector. We expect strong performance in the subcontracting sector to continue in the fourth quarter, and sales of the newly launched dental material New Glass are also expected to gradually expand, making the improvement in performance even more pronounced going forward."

Additionally, Seokgyeong AT is receiving high interest from overseas companies by further enhancing the quality of its existing core products such as toner and dental materials. With new product launches such as hollow silica and thermal interface materials (TIM) for electric vehicle batteries upcoming, the company anticipates a significant expansion in performance starting next year.

The construction of the third factory located in Gimje-si, Jeonbuk, which began in May, is currently progressing smoothly without any setbacks. Operations are scheduled to start in March next year, and new sales are expected to arise accordingly. The third factory will serve as a production base for Seokgyeong AT’s new business initiatives, specializing in mass production of ▲ hollow silica ▲ thermal interface materials (TIM) for electric vehicle batteries ▲ solid electrolyte materials for all-solid-state batteries (secondary batteries).

Im Hyeongseop, CEO of Seokgyeong AT, emphasized, "Although performance was somewhat sluggish until the first half of the year due to increased expenses from strategic investments to create new growth engines for the company, the recovery began in earnest from the third quarter. We also expect gradual visible results in the areas where investments were previously made."