Huvis (CEO Kim, Suk Hyun, 079980), specializing in chemical and fiber materials, announced on the 14th through its financial disclosure that it recorded revenue of 240.1 billion won, operating income of 6.4 billion won, and net income of 3.3 billion won for the first quarter of 2025.   (Consolidated basis)

Year-over-year, revenue increased by 7.2% (from Q1 2024), while operating income and net income improved by 13.6 billion won and 15.8 billion won, respectively. And quarter-over-quarter, revenue improved slightly by 0.7% (from Q4 2024), while operating income and net income improved by 25.9 billion won and 83.7 billion won, respectively, indicating a trend of escaping from the prolonged performance downturn.

The company attributed the turnaround despite the ongoing global economic downturn to the effectiveness of its specialty (high-value-added) strategy. This is because specialty products are currently the only ones commanding their true value amid the onslaught of low-priced Chinese products.

“The sales strategy focused on high value-added products, price increases to improve value, and ongoing operational efficiency strategy has contributed to improved profitability. Although uncertainties such as the U.S. Trump administration's tariff hikes remain, we will expand sales of automotive materials and eco-friendly materials by leveraging our lower tariff rates compared to competitors, and maximize sales of cooling fibers, which are seeing surging demand, to sustain performance improvements,” a source from Huvis said.