EcoProBM announced on July 31 that it recorded a consolidated revenue of 576.7 billion won and an operating profit of 18 billion won for the second quarter of this year. Both revenue and operating profit decreased by 26% and 63.2%, respectively, compared to the same period last year.
With the recent increase in AI-related semiconductor production facilities and rising demand for electric bicycles in Southeast Asia, shipments for power applications, including electric tools and bicycles, rose by 28% compared to the previous quarter, driving performance.
EcoProBM plans to actively respond to local demand and the expansion of AI-related semiconductor and data center construction in Europe during the second half of the year, utilizing its factory in Hungary to comply with regional regulations.
The company aims to enhance its resilience to external market volatility by increasing the domestic production rate of key minerals, such as nickel, through its investment in the BNSI smelter in Indonesia.
By investing in nickel intermediate materials, EcoProBM seeks to maximize cost competitiveness for ternary cathode materials, thereby strengthening its order competitiveness and laying a solid foundation for long-term growth.
Kim Jang-woo, CEO of EcoProBM, stated, "Despite the temporary slowdown in demand in the electric vehicle market and ongoing uncertainties in the external environment, we have maintained profitability through the expansion of new demand sources, such as AI data centers, and improvements focused on profitability. We will lead the successful mass production at our Hungarian plant and the investment in the Indonesian BNSI smelter to build strong fundamentals that are resilient to market volatility from a long-term perspective."
Meanwhile, EcoProBM is currently pursuing a capital increase of 1.2 trillion won.
* This article has been translated by AI.
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