On October 26, Samsung SDI announced the third quarter of 2022 financial reports. In the third quarter, the company's sales achieved 5.37 trillion won and operating profit of 565.9 billion won. Both sales and operating profits hit a record high, especially sales exceeded 5 trillion won, and operating profit exceeded 500 billion won for the first time. At the same time, the operating profit margin of the energy sector is double digits.
Compared with the second quarter, Samsung SDI sales increased by 627.2 billion won in the third quarter, an increase of 13.2%month -on -month; operating profit increased by 136.9 billion won, an increase of 31.9%month -on -month. Compared with the same period last year, Samsung SDI sales increased by 1928.2 billion won in the third quarter, an increase of 56.1%year -on -year; operating profit increased by 192.4 billion won, an increase of 51.5%year -on -year.
From the data point of view, Samsung SDI has exceeded the annual data of the previous year in the third quarter of this year. The company stated that it is mainly because, despite the global economic downturn and inflation caused the price of raw materials to rise, the company's profit -oriented quality growth strategy is effective.
Among them, Samsung SDI energy department sales increased by 76.4%year -on -year, an increase of 18.7%month -on -month to 483.4 million won; operating profit was 484.8 billion won, an increase of 140.2%over the same period last year, an increase of 98.0%over the previous quarter, and the operating profit margin was to the previous quarter. 10.0%.
Specifically, compared with the previous quarter, large batteries in Samsung SDI have achieved significant profitability. In terms of automotive batteries, driven by high -end electric vehicle demand, the company's high value -added products have increased and profitable. In terms of ESS batteries, although the rise in raw material prices is reflected in the price, the profitability has also increased with the expansion of European sales.
Small batteries are centered on high value -added products, sales have increased, and profitability has also increased. The increase in the sales of round batteries for electric vehicles and ultra -high output electric tools has also driven profit improvement.
Compared with the previous quarter, the electronic material department is due to weak downstream demand, and sales and income are reduced. In the third quarter, Samsung SDI sales were 534 billion won, a year -on -year decrease of 23.6%, and a decrease of 20.2%month -on -month; operating profit was 81.1 billion won, a year -on -year decrease of 52.8%, and a decrease of 55.9%month -on -month.
Among them, in the context of the traditional peak season, Samsung SDI is expected to increase the sales of large batteries in the fourth quarter.
At the same time, with a circular battery for electric vehicles, Samsung SDI expects that the sales of small batteries will also increase. Based on long -term supply contracts, the use of round batteries is expected to reduce the impact of slowing demand to the minimum, while IT bag -type batteries are expected to enter new products of major customers.
On the 26th, LG new energy, also one of the three giants of the Korean power battery, also announced the third quarter financial report. In the third quarter, sales increased by 89.9%year -on -year to 7.65 trillion won, an increase of 50.8%from the second quarter (5 trillion won). , Reaching the highest level of the quarter; business profit of 521.9 billion won, and turning losses to profit (loss of 372.8 billion won in the same period last year), an increase of 166.8%from the second quarter (195.6 billion won).
