[Infostock Daily = Reporter Kim Jong Hyo] Samsung SDI said on the 28th that operating profit for the second quarter of this year decreased by 34% year-on-year to 103.8 billion won.
Sales for the same period increased by 6.4% to 2.5586 trillion won. Compared to the previous quarter, sales increased 6.7% and operating profit surged 92.2%.
Sales in the battery business increased 7.0% quater-on-quater to 1.918 trillion won. Among medium and large batteries, auto batteries were affected by major customer non-operation caused by COVID19, and ESS saw its overseas sales increase, focusing on projects for electricity in the Americas.
In the case of small batteries, sales of batteries for major applications increased due to the base effect in the first quarter, while that of polymer batteries continued to weaken the market, which led to a decline in sales centered on batteries for flagship mobile phones.
Sales in the electronic materials business grew 6.0% quater-on-quater to 638.1 billion won. Semiconductor materials sales increased due to strong demand for DRAM for servers.
Among display materials, sales of polarized films increased due to increased sales of IT-oriented products such as tablets and Note PCs, but sales of OLED materials decreased due to weak demand for smartphones, according to Samsung SDI.
Samsung SDI is predicting that sales of medium and large batteries will increase and profitability will improve in the second half. It is predicted that sales of automotive batteries will increase due to the expansion of European electric vehicle support policy and ESS will continue to increase mainly for overseas electric power.
Small batteries are expected to increase sales of circular batteries for micro-mobility such as e-bikes and e-scooters, and polymer batteries will also increase due to the release of flagship smartphones from major customers.
It is also expected that sales of electronic materials business will increase in second half of this year and profitability will improve. However, it is predicted that sales of polarizing films will decrease slightly due to slowing demand for IT.
Reporter Kim Jong Hyo kei1000@infostock.com
