[Click e-Stock] "SPG, Precision Robot Reducer Growth"

On January 16, Hana Securities predicted that SPG's precision robot reducer division would experience accelerated growth.

Han Yugun, a researcher at Hana Securities, explained, "Recently, the global robotics industry is expected to see explosive growth in automation and the humanoid market across manufacturing, logistics, defense, and construction, driven by the emergence of 'physical AI.'"

He added, "We expect SPG to expand its global market share starting this year, with the key factor being its differentiated technological competitiveness."

Han introduced, "SPG has secured superior performance in vibration, noise, heat generation, and weight reduction compared to overseas competitors through its self-developed SPG Direct Drive, reducers, motors, and integrated controller solutions, collectively known as SDD." He emphasized, "Based on multiphysics optimization technology, SPG possesses both high-precision manufacturing capabilities and sufficient production capacity, giving it a clear competitive edge in handling large orders and meeting delivery deadlines."

He further analyzed, "Technological differentiation will not only strengthen existing partnerships with clients but also lead to acquiring new global customers at home and abroad. SPG's pure robot sales are expected to exceed 30 billion KRW this year."

Additionally, he noted, "The main drivers of increased robot sales include expanded supply of reducers to its key client Rainbow Robotics, and the replacement, maintenance, repair, and overhaul (MRO) of reducer parts at S Company's overseas plants." He added, "It is also noteworthy that SPG recently signed an MOU for technological cooperation on high-efficiency actuators and reducers with LG Science Park."

It is estimated that SPG will achieve sales of 418.6 billion KRW and operating profit of 27.1 billion KRW this year, representing increases of 19.4% and 46.4%, respectively, compared to last year.