Q2 SDI revenue in 2022 was 4.74 trillion won, up 42.2% from the same period last year From SDI financial report

The following is the Q2 SDI revenue in 2022 was 4.74 trillion won, up 42.2% from the same period last year From SDI financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, New energy industry.

Recently, Samsung SDI, a Korean battery manufacturer, said that thanks to the strong sales of electric vehicle batteries, its second quarter revenue and operating profit reached a record high. Specifically, in the second quarter of this year, Samsung SDI’s revenue was 4.74 trillion won, up 42.2% from the same period last year; The operating profit was 429billion won (about $330.4 million), a year-on-year increase of 45.3%, and higher than the average expected level of Yonhap Infomax, a financial data company under Yonhap.

In addition, the net profit of the company also increased by 42% year-on-year to 409.2 billion won.

In terms of business segments, the company’s revenue from energy and others was 4.07 trillion won, up 50.1% year-on-year; Operating profit rose 45.2% to 244.9 billion won. The system includes battery and energy storage system (ESS).

Another business segment is electronics materials, whose products include semiconductors and display components. The revenue of this sector in the second quarter of this year increased by 7.5% year-on-year to 669.2 billion won; The operating profit was 184.1 billion won, with a year-on-year increase of 45.5%.

The company said in a statement, “the market demand is strong, and high value-added products including gen.5 have driven the growth of automotive battery sales. In addition, the sales of ESS batteries have also increased due to the growth of energy storage demand.”

Samsung SDI predicts that under the influence of high oil prices and the global green energy boom, the demand for medium and large batteries of electric vehicles and ESS will be stable, and there will be a stable growth in the second half of the year.

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