Hyosung announced on July 31 that it achieved sales of 733.6 billion won and an operating profit of 231.6 billion won in the second quarter of 2026. These figures represent increases of 21.9% and 133.7%, respectively, compared to the same period last year.
Hyosung Heavy Industries recorded sales of 1.687 trillion won and an operating profit of 264.3 billion won in the second quarter, marking the highest quarterly operating profit in its history.
The company is also seeing an increase in the proportion of high-margin orders from the United States, suggesting continued improvement in long-term profitability. Additionally, new orders in the second quarter totaled 3.3242 trillion won, bringing the total for the first half of the year to 7.4981 trillion won, prompting an upward revision of the annual new order target to 12 trillion won. The order backlog has increased by 63% year-on-year to 17.5 trillion won.
Hyosung TNC achieved sales of 2.4162 trillion won and an operating profit of 188.8 billion won, reflecting increases of 27.9% and 157.5%, respectively, compared to the previous year.
The textile division's performance was driven by increased sales of spandex, along with price hikes for nylon and polyester and improved cost management. The trading division also saw profitability improvements due to a surge in chemical sector sales.
Hyosung Chemical reported sales of 871.3 billion won and an operating profit of 170.8 billion won in the second quarter.
Despite uncertainties in the Middle East leading to global supply constraints and price surges, the company managed to respond flexibly to market changes, resulting in significant performance improvements.
Hyosung stated, "The increase in equity method gains from the improved performance of key subsidiaries such as Hyosung TNC, Hyosung Heavy Industries, and Hyosung Chemical, along with the profitability improvement of Hyosung TNS, has driven our overall results."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.