Samsung SDI announced on the 24th that it would scale back its capital expenditures (CAPEX) this year compared to last year. Last year, Samsung SDI's CAPEX was around 6.6 trillion won.
During the conference call for the fourth quarter of last year held on this day, Samsung SDI noted, "We are readjusting our investment plans considering market conditions. Overall, we will proceed with a conservative stance," and added, "We are working on efficiency by reducing the expense of new line construction using existing production lines or adjusting the timing of some investments."
Samsung SDI added, "We will not reduce investment in the North American GM joint venture or the development of solid-state batteries, and we will proceed without delays in the planned schedule."
Samsung SDI stated that its fourth-quarter earnings last year recorded revenue of 3.7545 trillion won and an operating loss of 256.7 billion won. Compared to the fourth quarter of last year, revenue decreased by 28.8% and turned to a loss. This marks the first time Samsung SDI has recorded a quarterly deficit in about eight years since the first quarter of 2017, which had a loss of 67.3 billion won.
Last year's total performance was recorded at a revenue of 16.5922 trillion won and an operating profit of 363.3 billion won. Compared to the 2023 results, revenue and operating profit decreased by 22.6% and 76.5%, respectively.