Korea Stock Market Insights

Tag: Winners

  • Winners(479960) IR Key Analysis: A Chance for Stock Rebound? Key Points to Watch on September 4th!

    Winners(479960) IR Key Analysis: A Chance for Stock Rebound? Key Points to Watch on September 4th! 대표 차트 이미지

    1. What Happened? Analysis of Winners’ H1 2025 Earnings

    Winners recorded KRW 14.5 billion in revenue for the first half of 2025, a 44.81% decrease year-on-year. The sluggish performance of its main wiring devices business is the primary cause. However, improved cost management led to a 21.28% increase in gross profit, with operating profit and net income also increasing by 21.14% and 37.16% respectively, demonstrating improved profitability.

    2. Why These Results? Analysis of Earnings Fluctuations

    The decline in wiring devices sales is presumed to be due to external factors such as the slowdown in the construction industry. On the other hand, improved profitability is interpreted as a result of stabilized raw material prices and efficient cost management efforts. However, the slow growth of new businesses, such as smart wiring devices and EV chargers, remains a challenge to overcome.

    3. What’s Next? Key Points to Watch for the September 4th IR

    At this IR, it’s crucial for Winners to provide a clear explanation for the sluggish performance of its main business and present a concrete growth strategy for its smart home and EV charger businesses. Regaining investor confidence by presenting plans for utilizing the funds secured through the IPO and a future investment roadmap is key. Specifically, they should address the following questions:

    • – What is the strategy to address the decline in wiring devices sales?
    • – How will they overcome the slow growth in the smart home and EV charger businesses?
    • – How do they plan to utilize the IPO funds?

    4. What Should Investors Do? Investment Strategy

    Investment decisions should be made by comprehensively considering the IR content, subsequent stock price movements, and management’s efforts to improve business performance. It is important to analyze the company’s fundamentals and growth potential from a long-term perspective, rather than being swayed by short-term stock price fluctuations. At this point, it is recommended to take a ‘wait-and-see’ approach and observe the IR results.

    Q: What is Winners’ main business?

    A: Winners’ main business is manufacturing wiring devices (switches, outlets, etc.) and EV chargers.

    Q: How was Winners’ performance in the first half of 2025?

    A: While revenue decreased, operating profit and net income increased, showing improved profitability. Please refer to the main text for details.

    Q: What are Winners’ future growth drivers?

    A: Winners aims to secure future growth drivers by entering the smart home and EV charger markets.

    Winners(479960) IR Key Analysis: A Chance for Stock Rebound? Key Points to Watch on September 4th! 관련 이미지
    Winners(479960) IR Key Analysis: A Chance for Stock Rebound? Key Points to Watch on September 4th! 관련 이미지

  • Winners’ Q2 2025 Earnings: Surprising Growth and Investment Opportunities

    1. About Winners: What do they do?

    Winners is a KOSDAQ-listed company specializing in the manufacturing of wiring devices and electric vehicle (EV) chargers. Since its listing in February 2025, the company has garnered attention due to its involvement in the growing smart home and EV charging sectors.

    2. Q2 2025 Earnings Report: Key Highlights

    Winners’ Q2 2025 earnings report, released on August 14, 2025, revealed revenue of ₩8.1 billion, operating profit of ₩1.6 billion, and net income of ₩1.4 billion. Notably, the operating profit margin (15.08%) and net income margin (14.00%) showed substantial improvement compared to the same period last year, exceeding market projections.

    3. Drivers of Growth: Why such strong performance?

    • Improved cost efficiency and increased sales of high-value-added products
    • High growth trajectory of the smart home and EV charging markets
    • Positive impact of KOSDAQ listing

    4. Potential Risks: Factors to Consider

    • Declining revenue trend compared to the previous year
    • High levels of inventory
    • Dependence on a specific customer (Company A, 41.3%)
    • Intensifying market competition

    5. Investment Strategy: What to keep in mind

    While positive short-term stock performance is anticipated, long-term investment considerations should include:

    • Successful implementation of revenue recovery and growth strategies
    • Performance and market share gains in the EV charger business
    • Maintaining competitiveness in the smart wiring devices market

    6. Key Checklist for Investors

    • Monitor next quarter’s earnings release for sustained revenue growth and profitability improvements
    • Track new business performance and market share changes
    • Observe efforts and results related to customer diversification

    Frequently Asked Questions

    Q: What are Winners’ main business operations?

    A: Winners primarily manufactures wiring devices and electric vehicle (EV) chargers.

    Q: How did Winners perform in Q2 2025?

    A: Winners reported revenue of ₩8.1 billion, operating profit of ₩1.6 billion, and net income of ₩1.4 billion, with a significant improvement in profitability.

    Q: What are some key risks to consider when investing in Winners?

    A: Investors should consider the declining revenue trend, high inventory levels, dependence on a specific customer, and intensifying market competition.