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Hanon system. (photo = Hanon system) |
[Alpha Biz= Reporter Kim Sangjin] Hanon Systems announced on August 8 that its consolidated operating profit for the second quarter of this year was 71.6 billion won, marking a 50.1% decrease compared to the same period last year. However, the company saw a 5.4% increase in revenue, which reached 2.56 trillion won.
The decline in operating profit was attributed to a high base effect from last year's strong performance and a slowdown in global electric vehicle (EV) sales. Despite these challenges, Hanon Systems remains optimistic about its financial outlook. The company noted that its first-half revenue was 4.96 trillion won, approaching its target of 5 trillion won for the half-year. It expects full-year revenue to reach approximately 10 trillion won, indicating growth compared to the previous year.
Hanon Systems plans to diversify its product portfolio in response to changes in automotive industry strategies, focusing not only on EVs but also on hybrid and internal combustion engine vehicles to maintain a competitive edge.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
