Hanatech, a company specializing in the production of secondary battery equipment led by CEO Oh Taebong, announced on May 14 that its consolidated sales for the first quarter of 2025 amounted to 14.3 billion KRW, with an operating loss of 1.5 billion KRW. Sales decreased by 55.7% compared to the same period last year (32.3 billion KRW), and the operating loss continued.
Hanatech explained, "Sales in the first quarter of this year decreased compared to the same period last year due to the postponement of equipment delivery schedules by our clients. However, as a result of efforts to strengthen profitability, including company-wide management system innovation and cost improvement initiatives, the operating loss significantly decreased from 5.2 billion KRW in the first quarter of last year to 1.5 billion KRW this year."
Hanatech added, "Since the second half of last year, we have been carrying out a strong organizational restructuring to improve management efficiency and profitability. In addition, to secure ongoing technological growth and price competitiveness, we are focusing on securing both technology and pricing power by recruiting additional technical talent and procurement specialists."
Hanatech stated that among its selling and administrative expenses for the first quarter of this year, ordinary research and development expenses accounted for approximately 1.9 billion KRW, representing about 40% of the total. However, as major R&D projects are expected to be completed within the first half of the year, the company anticipates that it will be able to achieve improved profitability in the second half without incurring additional expenses. Hanatech also announced plans to drive sales growth in the second half by expanding global orders.
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