Hana Technology Co., Ltd. is a KOSDAQ-listed equipment company capable of winning turnkey orders spanning the entire secondary battery assembly, activation, and pack process.
1. Company Overview
- Company name: Hana Technology Co., Ltd., ticker 299030 (KOSDAQ)
- Business areas: Assembly process (electrolyte fillers, tab welding, Z-stacking, high-speed stacking, notching), activation process (pulse charge/discharge equipment, software), pack process equipment
- R&D center: Hana Technology Central Research Institute (first accredited June 2004)
- Solid-state/recycling new businesses: WIP (high-temperature high-pressure press), solid-state stacking equipment; spent-battery pack/module discharge equipment
2. History and Personnel
The company established an in-house research institute in 2004 and has continued research into secondary battery and display technology. It has grown into a full-line turnkey solution company covering the assembly, activation, and pack processes, and is advancing stacking and WIP technology essential for solid-state battery manufacturing.
The company is actively pursuing new businesses including eco-friendly dry-process display equipment (thermal chamfering, laser equipment), lithium sulfide/sulfide-based solid electrolyte material business for solid-state batteries, and spent-battery recycling equipment. Detailed personnel composition is (undisclosed).
3. Core Technology and Key Equipment
The company holds strengths in electrolyte fillers and tab welding within the assembly process, and has developed Z-stacking and high-speed stacking equipment as well as activation-process software in-house.
- Electrolyte filler / tab welding — core equipment strength
- Z-stacking / high-speed stacking equipment
- Pulse charge/discharge equipment, activation-process software system
- Solid-state high-temperature high-pressure press (WIP) / solid-state stacking equipment
- Spent-battery pack/module discharge equipment and condition-diagnosis system (co-patented with EV Link)
4. Production Infrastructure and Quality Assurance
The company states it operates an after-sales service system built on extensive experience manufacturing secondary battery equipment, combining it with preventive quality management through a systematic process from intake to resolution. Detailed factory floor area is (undisclosed).
5. Delivery Track Record and Partnerships
Per a securities firm report, the company recorded an order backlog of KRW 387.2 billion as of end-2023 (domestic 10% / overseas 90%). As of the cumulative third quarter of 2023, domestic and overseas revenue shares were each 50%. Individual customer names are (undisclosed).
According to a disclosure on June 9, 2026, Hana Technology signed a KRW 161.5 billion turnkey supply contract for a battery assembly process line with a customer in the United Kingdom (the counterparty is undisclosed as a trade secret). The amount equals 172.09% of its 2025 consolidated revenue, and the contract runs from June 8, 2026 to December 28, 2030. The scope was reported as a turnkey line including electrode, assembly and formation equipment (Bloter, 2026-06-09).
Payment terms were disclosed as 30% advance, 40% and 20% interim payments and a 10% final payment for equipment, and 20% advance, two 30% interim payments and a 20% final payment for services (same source). The company’s approach of developing core equipment in advance and proposing it rather than waiting for customer requests was cited as the background to the order.
6. Financial Status and Roadmap
Per securities research estimates (based on public materials), the company recorded 2024 revenue of KRW 135.2 billion (+8.8% YoY) and operating profit of KRW 1.7 billion (turned profitable).
The company is upgrading its existing lineup — activation-process software, Z-stacking, pulse charge/discharge equipment — expanding overseas customer orders, and diversifying its business into core solid-state battery equipment, spent-battery recycling, and UTG processing equipment for display/semiconductor packaging.
In Q3 2025 the company posted revenue of KRW 52.5 billion (+126% year on year) and operating profit of KRW 4.3 billion, returning to quarterly profit. Cumulative revenue for the first three quarters was KRW 84.0 billion (+22%), and the cumulative operating loss narrowed to KRW 0.3 billion from a KRW 1.7 billion loss a year earlier. Gross margin improved to 15.9% from -5.9% a year earlier, with shipments and installation of large equipment for Europe driving overseas revenue (Digital Daily, 2025-11-13).
From a mechanical standpoint, one supplier taking electrode, assembly and formation as a turnkey package means responsibility for interfaces between processes (transfer height, tray specs, communication protocols) sits with that single supplier. If interface specs are not frozen at the early design stage, design changes pile up during site installation (a judgment based on general turnkey project practice).
This profile was compiled from publicly available sources including Naver Pay Securities Research, Komachine (komachine.com), and KIND quarterly reports; unverified figures and non-public information have not been arbitrarily included.