Hanwha Solutions announced on July 29 that it achieved consolidated sales of 4.5826 trillion won and an operating profit of 306.5 billion won for the second quarter of 2026. Sales increased by 47.01% and operating profit rose by 200.33% compared to the same period last year.
By business segment, the renewable energy sector reported sales of 2.4823 trillion won and an operating profit of 166.4 billion won. The increase in sales and operating profit was attributed to rising module prices, the sale of development assets, and a stable revenue base in the residential energy business.
The chemical segment generated sales of 1.465 trillion won and an operating profit of 87.1 billion won. Despite geopolitical risks from the Middle East, the company maintained a stable production and sales system by timely procurement of raw materials like ethylene, continuing its profit streak.
The advanced materials segment recorded sales of 300.3 billion won and an operating profit of 28.8 billion won, benefiting from sustained strong sales of solar materials in North America.
Lee Jae-bin, Chief Financial Officer of Hanwha Solutions, stated, "We expect an increase in sales from the residential energy business in the third quarter, and with the full operation of the solar value chain at the Cartersville plant, the renewable energy sector is projected to maintain a solid performance."
Additionally, Hanwha Solutions announced on July 15 that it signed a contract with Hanwha Systems to develop solar cells for satellites, marking the beginning of its space solar technology development.
* This article has been translated by AI.
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