The stock of HS Hyosung(487570), the holding company of HS Hyosung Group, went straight to the upper limit (the top of the daily price limit band) on the 31st. Strong second-quarter results appear to have boosted investor sentiment.
As of 9:28 a.m. that day, HS Hyosung was trading on the KOSPI at 52,100 won, up 11,950 won (29.76%) from the previous session.
HS Hyosung said on the 30th that on a consolidation basis, second-quarter revenue came to 430.9 billion won, up 24.9% from the second quarter of last year. Operating profit for the same period rose 301.7% to 35.8 billion won.
Core subsidiary HS Hyosung Advanced Materials led the improvement in the holding company's results. HS Hyosung Advanced Materials' second-quarter revenue was 952.7 billion won, up 13.0% from the second quarter of last year. Operating profit for the same period increased 32.2% to 77.6 billion won.
HS Hyosung Advanced Materials said the tire reinforcement materials institutional sector posted revenue of 549.3 billion won, the highest since 2022. Operating profit for the tire reinforcement materials institutional sector was 59.4 billion won. The effects of entering the peak season and price hikes reflecting rising materials and supplies costs were reflected.