HLB Innovation Reports 57.7% Revenue Growth in Q3, Marking Six Consecutive Quarters of Profit

Sustained revenue growth driven by increased demand for key products and stable supply chain management.

Enhanced productivity and cost competitiveness achieved through shift system restructuring and process optimization.

HLB Innovation announced that its standalone revenue for the third quarter reached 11.93 billion KRW, a 57.7% increase compared to the same period last year. The company also maintained its growth and profitability momentum by recording an operating profit for the sixth consecutive quarter, dating back to the second quarter of 2025.

Cumulative revenue for the first three quarters of the year stood at 31.87 billion KRW, up 32.2% year-on-year, with a cumulative operating profit of 1.71 billion KRW.

This performance improvement is the result of actively responding to rising demand for core products while enhancing overall production efficiency. The company secured stable supply capabilities by refining production planning and on-site operational systems, effectively converting increased customer demand into revenue growth.

Profitability was further bolstered by continuous cost reduction and strengthened quality control. The company focused on reducing production-related expenses and increasing operational efficiency through process optimization, defect rate reduction, and rigorous quality cost management.

Notably, a labor-management agreement to transition from a traditional day-night shift system to a continuous day-shift two-shift system significantly contributed to productivity. By reducing daily operating hours from 24 to 16 hours—a 33.3% reduction—the company maintained existing output levels through advanced production management and process improvements, thereby establishing a more efficient and stable production system.

Kim Beom-soo, CEO of HLB Innovation, stated, "These results are a testament to our continuous innovation on the production floor and our efforts toward management efficiency. We will continue to enhance our productivity and quality competitiveness while strengthening our foundation for stable growth through profit-oriented management."