EcoPro BM Co Ltd
KOSDAQ:247540

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EcoPro BM Co Ltd Logo
EcoPro BM Co Ltd
KOSDAQ:247540
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Price: 159 700 KRW 1.14% Market Closed
Market Cap: 15.6T KRW

EcoPro BM Co Ltd
Investor Relations

EcoPro BM Co., Ltd., based in South Korea, stands at the forefront of the material manufacturing industry, carving out a significant niche in the production of cathode materials for lithium-ion secondary batteries. With the global surge in demand for electric vehicles and large-scale energy storage solutions, EcoPro BM's role is pivotal, providing essential components that power the burgeoning green technology sector. The company's expertise lies in its ability to innovate and enhance the efficiency and stability of cathode materials, which are crucial for improving the performance and lifespan of batteries. This specialization not only positions EcoPro BM as a critical supplier in the supply chain but also places it at the heart of the global transition toward sustainable energy solutions.

The financial lifeblood of EcoPro BM flows from its partnerships and contracts with major battery manufacturers, automotive giants, and energy storage companies, who require high-performing and reliable materials for their products. By continually investing in research and development, EcoPro BM maintains a competitive edge, enabling it to anticipate industry trends and adapt to the evolving needs of its clientele. Moreover, the company benefits from economies of scale, which allows it to optimize its production processes and maintain cost competitiveness in the market. EcoPro BM’s commitment to quality and innovation ensures its sustained profitability and strengthens its position as an indispensable player in the push for a cleaner, more efficient energy landscape.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Feb 11, 2025
AI Summary
Q4 2024

Revenue Down: Ecopro’s Q4 2024 consolidated revenue rose 6.2% quarter-over-quarter to KRW 631.3 billion, but annual revenue fell 57% year-over-year due to a weak downstream market.

Operating Losses: Q4 operating losses deepened to KRW 121.3 billion, with annual operating losses of KRW 314.5 billion, mainly impacted by inventory valuation provisions.

Balance Sheet Improved: Debt ratio improved significantly to 112% from 132% last quarter, and inventory assets were reduced by 10%.

Outlook Recovery: Management expects sales volumes and profitability to recover in 2025 as customer inventories are depleted and new EVs launch.

Indonesia Project: Acquisition of Green Eco Nickel in Indonesia expected to close by mid-2025, contributing KRW 300–400 billion in annual revenue and KRW 100 billion in operating profit when fully ramped.

Customer Diversification: Ecopro Materials and Ecopro BM are focusing on expanding non-captive customer bases and expect substantial growth in sales volume, with non-captive precursors to become 50% of volume.

Financial Stability: Management emphasized strong liquidity with consolidated cash of around KRW 980 billion and no concerns about financial risk or CapEx funding.

Key Financials
Revenue
KRW 631.3 billion
Annual Revenue
KRW 3,110.3 billion
Operating Loss
KRW 121.3 billion
Annual Operating Loss
KRW 314.5 billion
Ecopro BM Q4 Revenue
KRW 464.9 billion
Ecopro BM Annual Revenue
KRW 2,766.8 billion
Ecopro BM Q4 Operating Loss
KRW 9.6 billion
Ecopro BM Annual Operating Loss
KRW 40.2 billion
Ecopro Materials Q4 Revenue
KRW 88.1 billion
Ecopro Materials Annual Revenue
KRW 299.8 billion
Ecopro Materials Q4 Operating Loss
KRW 7.8 billion
Ecopro Materials Annual Operating Loss
KRW 63 billion
Ecopro HN Q4 Revenue
KRW 80 billion
Ecopro HN Q4 Operating Profit
KRW 7.6 billion
Ecopro HN Q4 Operating Margin
9.5%
Total Assets (Ecopro, Q4)
KRW 8.164 trillion
Total Liabilities (Ecopro, Q4)
KRW 4.32 trillion
Total Equity (Ecopro, Q4)
KRW 3.844 trillion
Debt Ratio (Ecopro, Q4)
112%
Inventory Reduction (Ecopro, Q4)
down 10% Q-o-Q
Cash and Cash Equivalents (consolidated, end 2024)
KRW 980 billion
Green Eco Nickel Annual Revenue (guidance)
KRW 300–400 billion
Green Eco Nickel Annual Operating Profit (guidance)
KRW 100 billion
Ecopro BM CapEx (2025 guidance)
KRW 500 billion
Other Earnings Calls

Management

Moon Ho Choi
Chief Executive Officer
No Bio Available

Contacts

Address
CHUNGCHEONGBUK-DO
Cheongju
100, 2sandan-ro, Ochang-eup, Cheongwon-gu
Contacts