Core Viewpoint - LG Energy Solution's preliminary Q3 financial results exceeded market expectations, primarily due to the impact of the U.S. tax credit policy [1] Financial Performance - The company's operating profit for the three months ending September 30 was 601.3 billion KRW (approximately 421.3 million USD), surpassing analyst estimates of 509.7 billion KRW [1] - Excluding the effects of the U.S. tax credit, the operating profit would have been 235.8 billion KRW [1] - Revenue for the quarter decreased by 17% year-on-year to 5.7 trillion KRW [1] Market Reaction - Following the announcement, LG Energy's stock price rose by 1.3% in early trading, while the Korea Composite Stock Price Index (Kospi) fell by as much as 2.4% [1] Business Expansion Challenges - LG Energy is accelerating its plans to expand operations in the U.S., but faces uncertainties regarding the acquisition of sufficient work visas for the construction of new electric vehicle battery plants [1] - In September, U.S. immigration authorities conducted a surprise inspection at LG Energy's joint factory with Hyundai in Georgia, detaining over 300 Korean employees, which has raised diplomatic tensions amid ongoing trade agreement discussions between the U.S. and South Korea [1]
LG能源三季度利润大超预期 美国税收抵免政策成关键
智通财经网·2025-10-13 02:41