1. What happened at Hooseung?

Hooseung recorded consolidated revenue of KRW 231.3 billion (up 4.91% year-on-year) and operating profit of KRW 14.7 billion (turned to profit) in Q2 2025. Increased demand for refrigerants and overseas orders for chemical equipment drove revenue growth.

2. Reasons for the turnaround to profit

The turnaround in operating profit is due to increased sales, improved profitability in the basic chemical division, and solid performance in the chemical equipment division. In particular, the growth of secondary battery materials (LiPF6) and semiconductor specialty gas businesses had a positive impact.

3. Why caution is still needed despite the positive news

Despite the positive news, the continued consolidated net loss (KRW -20 billion) and the poor performance of Chinese subsidiaries are still factors of concern. Also, the high debt ratio (111.24%) and sensitivity to external environmental changes should be considered when investing.

  • Investor Action Plan
  • When considering investing in Hooseung, investors should closely monitor whether consolidated net profit turns to profit in the future, improvement in the performance of Chinese subsidiaries, and management of financial soundness. The performance of investments to secure growth engines such as secondary battery materials should also be continuously monitored. The current investment opinion is ‘Neutral’.