GRT Surpasses 1.2 Trillion Won in Annual Sales... Net Profit Up 28%

With GRT, a KOSDAQ-listed company, surpassing annual sales of 1.2 trillion won, both operating profit and net profit also increased by over 25%, demonstrating improvements in both scale and profitability. Notably, the company’s profit growth rate outpaced its sales growth, indicating a strengthened profit structure.

GRT announced that, on a consolidated basis, its sales from July of the previous year to June of this year reached 5.79 billion yuan, up 17.2% year-on-year. In Korean won terms, this equates to approximately 1.2011 trillion won.

During the same period, operating profit was 890 million yuan (about 184.1 billion won), representing a 25.4% increase. Net profit for the period reached 630 million yuan (about 131.3 billion won), up 27.7% from the previous year.

With profits rising more quickly than sales, the company’s profitability also improved. The consolidated operating profit margin increased by 1 percentage point year-on-year, from about 14.3% to around 15.3%. GRT explained that this demonstrates its business expansion is not just about increasing sales volume, but is leading to substantial profit growth as well.

The strong performance of GRT’s key subsidiary, Jiangsu Huizhi New Material Technology Co., Ltd., also drove overall growth. The subsidiary recorded annual sales of 4.05 billion yuan (about 840.4 billion won), a 25.3% increase year-on-year.

Its operating profit grew 27.4% to 930 million yuan (about 193.9 billion won) and net profit jumped 35.9% to 530 million yuan (about 110 billion won). The substantial growth in both sales and profits contributed to GRT’s improved consolidated results.

GRT emphasized that the focus of its growth is shifting from simply expanding in size to achieving growth accompanied by enhanced profitability. In fact, the consolidated net profit growth rate was about 10 percentage points higher than the sales growth rate, with operating profit also increasing at a faster pace than sales.

Looking ahead, expanded production capacity is expected to serve as a foundation for further growth. GRT is currently preparing to build new plants, and as these plants are completed successively, the company anticipates that expanded production infrastructure will accelerate its growth trajectory.

A company official stated, “As both business expansion and profitability gains are picking up simultaneously, the company’s fundamentals for growth are becoming even stronger,” and added, “We expect new plants currently under preparation to be completed in sequence, which will further accelerate our growth based on an expanded production base.”

This content was produced with the assistance of AI translation services.