1. Coway H1 2025 Earnings: Key Highlights

Coway achieved consolidated revenue of KRW 2.4338 trillion and operating profit of KRW 453.96 billion in H1 2025, maintaining robust growth. With rental sales accounting for 90.7% of total revenue, the company boasts a stable revenue structure, and its expansion into overseas markets further enhances its growth potential.

2. Positive Factors: Drivers of Continued Growth

  • Strong Rental Business: 7.36 million rental accounts generate consistent cash flow and provide resilience against economic fluctuations.
  • Overseas Expansion: Ventures into markets like Malaysia, the US, and China contribute to growth diversification.
  • Business Diversification: Establishing new subsidiaries secures future growth engines.

3. Potential Risks: Investor Considerations

  • Subsidiary Risk: Potential losses from some subsidiaries and the volatility of their financial status require attention.
  • Virtual Asset Investment: Investments in virtual assets carry significant volatility and risk of value erosion.
  • Macroeconomic Factors: Responding to changes in exchange rates, interest rates, and raw material prices is crucial.

4. Investment Strategy: How to Approach Coway Investments

Coway presents an attractive investment opportunity with its stable business model and growth potential. However, before making investment decisions, it’s essential to carefully review the detailed H1 2025 earnings analysis, management’s future strategies, and their plans to address the risks mentioned above, all to be revealed at the IR meeting on August 25th. Continuous monitoring of macroeconomic indicators and market expectations is also crucial.