Chunbo (A27828) Q3 2025 earnings summary

Executive summary

• Founded in 2007 and listed in 2019, the company specializes in fine chemistry for secondary batteries, semiconductors, displays, and pharmaceuticals.

• Major milestones include global firsts in lithium salt commercialization and significant plant expansions in 2023 and 2024.

• Supplies advanced battery materials to global top-tier clients such as LGES, Samsung SDI, CATL, Tesla, and Panasonic.

Financial highlights

• 2025 Q3 revenue was ₩99,269 million, down from ₩144,913 million in 2024 and ₩182,698 million in 2023.

• Operating income for 2025 Q3 was ₩6,259 million, a turnaround from losses of ₩22,752 million in 2024 and ₩8,045 million in 2023.

• Net loss for 2025 Q3 was ₩8,835 million, improving from net losses of ₩32,319 million in 2024 and ₩45,466 million in 2023.

• Total assets at 2025 Q3 were ₩833,022 million, with total liabilities at ₩426,933 million and equity at ₩406,089 million.

Outlook and guidance

• Commercial production at new plants in Gunsan and Chungju is set for January 2025, with significant tax incentives.

• Plans to achieve 25% operating margin through cost reduction and process optimization.

• Global battery market capacity is projected to grow significantly in North America and Europe through 2030.