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Aekyung Reports 24% Drop in Q3 Operating Profit Amid Slower Chinese DemandCreatrip Team
a month ago
Aekyung Industrial posted Q3 consolidated sales of 169.3 billion KRW and operating profit of 7.3 billion KRW, a 23.6% decline year-on-year. Cumulative nine-month sales were 491.6 billion KRW and operating profit 24.5 billion KRW, down 3.2% and 43.7% respectively. Cosmetics sales fell sharply—Q3 revenue 51.5 billion KRW and operating profit 2.1 billion KRW, down 9.7% and 45.8%—largely due to weaker Chinese consumption. The company is diversifying its portfolio with new brands and global expansion: in China it is pushing AGE20’S (a Korean cosmetics brand) products and TikTok-focused marketing; in the U.S. it is strengthening key brands and launching a new skincare line called signiq. Household goods performed better in sales—Q3 revenue 114.6 billion KRW, up 7.1%—but operating profit slipped 5.8% to 5.4 billion KRW because of higher input costs. Aekyung plans to prioritize premium margins, globalization, and growth channel strategies to bolster competitiveness and long-term growth.
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