Key Takeaways from the IR: What Happened?

CowinTech operates in the smart factory automation systems and secondary battery materials/engineering businesses. However, the company faced difficulties in the first half of 2025, recording a 39.4% year-on-year decrease in sales to KRW 74.484 billion and an operating loss of KRW 2.73 billion.

Reasons for Sluggish Performance and Future Growth Strategies: Why and How?

The sharp decline in sales in the secondary battery segment and the decrease in sales in the automation system segment are the main causes of the sluggish performance. However, CowinTech is seeking growth through the expansion of the AMR (Autonomous Mobile Robot) market and the development of next-generation cathode materials for secondary batteries. In particular, they emphasized their technological capabilities in LFP/manganese-rich cathode materials, demonstrating their commitment to the recovery of the secondary battery business. They also shared their growth strategy for the smart factory sector, especially the AMR business, in an effort to enhance investor understanding and foster expectations for future growth.

Action Plan for Investors: What Should You Do?

CowinTech’s future presents opportunities despite uncertainties. Investors should carefully examine the feasibility of the growth strategies presented at the IR, the financial risk management measures, and the strategies for responding to the competitive landscape. It’s especially crucial to verify the concrete implementation plans for overcoming the earnings shock and the turnaround strategy for the secondary battery materials business. Investors should consider investments from a long-term perspective, avoiding being swayed by short-term stock price volatility.