[Special Stock] HS Hyosung Advanced Materials Rises Over 11% on Strong Performance

HS Hyosung Advanced Materials is showing strong performance. Following solid results last year, securities firms' analyses suggesting that the good performance trend will continue this year due to ongoing Chinese stimulus measures have stimulated investor sentiment.

As of 1:30 PM on the 5th, HS Hyosung Advanced Materials is trading at 194,100 KRW, up 11.10% (19,400 KRW) from the previous trading day.

HS Hyosung Advanced Materials' operating profit last year increased by more than 26% compared to the previous year. Despite a downturn in the carbon fiber industry, the tire cord business, a tire reinforcement material, maintained solid profitability, driving overall performance. On a consolidated basis, sales reached 3.3112 trillion KRW, and operating profit was 219.7 billion KRW, representing increases of 3.4% and 26.2%, respectively, compared to the same period last year.

On this day, Youngkwang Choi, a researcher at NH Investment & Securities, stated, "In 2025, tire cords will continue to maintain a solid operating profit margin of about 10%, serving as a cash cow. Regarding carbon fiber, production cuts at unprofitable Chinese facilities and mix improvements through new facility expansions in Vietnam in the second quarter are expected to reduce operating losses, bottoming out in the fourth quarter of 2024."