[Special Stock] SK Hynix Etronics Rises on Earnings Surpassing Market Expectations

SK Eteonics is showing strong performance. This is attributed to its fourth-quarter results last year surpassing market expectations.

As of 9:27 AM on the 11th, SK Eteonics is trading at 13,410 KRW, up 1,710 KRW (14.62%) compared to the previous trading day.

On the 10th, SK Eteonics announced its fourth-quarter results for last year. Revenue was 154.1 billion KRW, a 3.9% decrease from the previous quarter, but operating profit rose 74.3% quarter-on-quarter to 25.1 billion KRW. This significantly exceeded market expectations.

Regarding this, Jaeseon Yoo, a researcher at Hana Securities, explained, "Despite a decline in ESS revenue and fewer fuel cell project completions compared to the previous quarter, profit growth was driven by contributions from solar power projects. Since there were almost no costs reflected as development services, this acted as a major factor in improving the company's overall profit margin."

Researcher Yoo analyzed that SK Eteonics has secured long-term growth drivers. He said, "There is a high possibility of normalizing the Sinan Ui offshore wind power project within the year, and being selected as the preferred negotiator for three projects totaling 28 MW in the 2024 HPS bidding has secured long-term growth momentum in the energy sector."