1. SNC’s H1 2025 Performance: Steady Growth Continues

SNC recorded revenue of KRW 41.2 billion, operating profit of KRW 5 billion, and net income of KRW 5.9 billion in H1 2025, demonstrating continued growth year-over-year. The growth was particularly pronounced in its eco-friendly marine equipment (BWMS, FGSS/LFSS) and navigation control solutions businesses.

2. Growth Drivers: Benefiting from Eco-Friendly and Digital Transformation Trends

SNC’s growth is attributed to the tightening IMO environmental regulations and the global shipbuilding industry’s shift towards eco-friendly and digital solutions. Its core business model aligns with these trends, and its partnership with ABB has strengthened its technological competitiveness and opened doors to high-value markets.

3. Investment Points and Risk Analysis

  • Positive Factors: Growth of the eco-friendly shipping market, technological competitiveness, ABB partnership, KOSDAQ listing
  • Risk Factors: Exchange rate volatility, rising interest rates, shipbuilding market volatility, increased competition

4. Action Plan for Investors

SNC holds high growth potential, aligned with the expansion of the eco-friendly shipping market. However, investors should carefully consider potential risks such as exchange rate and interest rate volatility, and increased competition before making investment decisions. Continuous monitoring of sales growth, new orders, business expansion, and R&D investment outcomes is crucial.