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Hanwha Solution |
[Alpha Biz= Reporter Kim Minyoung] On the 25th, Hanwha Solutions reported its Q2 earnings, revealing consolidated sales of 2.6793 trillion won and an operating loss of 107.8 billion won. This marks a significant decline from the previous year, with sales down 20.36% and a shift to an operating deficit.
Breaking it down by business segment:
Renewable Energy: Recorded sales of 980.2 billion won and an operating loss of 91.8 billion won. Despite increased module sales and improved performance in asset sales and EPC (engineering, procurement, and construction), the quarterly loss was reduced by more than 50% compared to the previous quarter.
Chemical: Reported sales of 1.2224 trillion won and an operating loss of 17.4 billion won. Although the recovery in global petrochemical demand has been slow, price increases for products like polyethylene (PE) helped reduce the deficit compared to the previous quarter.
Advanced Materials: Achieved sales of 265.9 billion won and an operating profit of 9 billion won. Sales increased from the previous quarter due to strong performance from key customers.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
