[Special Stock] Phil Energy, Accelerated Adoption of Prismatic Batteries Expected... "Orders Exceeding 300 Billion Won Anticipated"

Phil Energy is showing strength. It is interpreted that the analysis by securities firms, which suggests that the order momentum will strengthen as clients accelerate the adoption of prismatic batteries, has had an impact.

As of 3:14 PM on the 16th, Phil Energy was trading at 13,110 KRW, up 230 KRW (1.79%) compared to the previous trading day.

Phil Energy is a company that manufactures key equipment in the secondary battery assembly process. Its cumulative sales and operating profit for the third quarter of this year are 209.3 billion KRW and 10.9 billion KRW, respectively, representing increases of 56.0% and 15.6% compared to the same period last year. Junseo Park, a researcher at Mirae Asset Securities, stated, "We achieved solid performance due to revenue recognition from the prismatic line for North America of major clients," adding, "Although the order backlog slightly decreased compared to last year, additional orders for the North American joint venture (JV) are expected, so the order backlog will grow."

He said, "Phil Energy is expected to have new order momentum exceeding 300 billion KRW," explaining, "This is because major clients' orders for North American prismatic batteries and the global trend of adopting prismatic batteries continue."

He emphasized, "Companies that previously only focused on pouch lines are continuing to adopt prismatic batteries," adding, "Since Phil Energy has references for notching & stacking orders specialized for prismatic batteries with major clients, the order momentum will strengthen as global companies accelerate the adoption of prismatic batteries."