Hanwha Aerospace Achieves Record High Performance Since Rebranding to Hanwha

Last Year's Sales 6.4151 Trillion Won... 20.6% Increase
Operating Profit Up 57.1% to 383 Billion Won

[Asia Economy Reporter Oh Hyung-gil] Hanwha Aerospace has achieved its highest-ever performance since being incorporated into the Hanwha Group.

Hanwha Aerospace announced on the 25th that its consolidated sales last year increased by 20.6% compared to the previous year to KRW 6.4151 trillion, and operating profit rose by 57.0% to KRW 383 billion. Net profit for the period increased by 83.2% to KRW 301.8 billion.

This marks the best performance since Hanwha acquired Samsung Techwin in 2015 and launched Hanwha Aerospace.

In the aviation sector, sales of the civil engine parts long-term supply contract business increased compared to the previous year due to the gradual recovery of the civil engine business, and further improvement in the civil engine business is expected with the reopening and expansion of non-quarantine travel routes in the future.

In the defense sector, Hanwha Defense achieved solid results due to increased domestic sales. Additionally, following recent export contracts for the K9 self-propelled howitzer with Australia and Egypt, the company plans to continue focusing on penetrating the global defense market.

Hanwha Techwin’s CCTV business continues to generate profits in the Americas market, and the Power Systems division recorded its highest-ever orders last year following 2020, expecting steady sales and profitability improvements.

Hanwha Precision Machinery is understood to have achieved record-high sales and operating profit, driven by increased sales centered on the Chinese LED market and small home appliance market.

A Hanwha Aerospace official stated, "We will continue growth through the recovery of the aviation business, increased sales in the defense business, and stable profit generation in the civil business, while securing technological superiority and new growth engines through continuous investment in future businesses such as the space industry and future mobility."

Regarding shareholder return policy, Hanwha Aerospace plans to continue cash dividends this year following last year. On this day, Hanwha Aerospace decided on a year-end dividend of KRW 700 per share, with total dividends amounting to approximately KRW 35.4 billion.

Meanwhile, Hanwha Aerospace held a board meeting on the same day and established a Corporate Governance Charter. The charter clearly defines the authority and responsibilities of the board of directors and the audit committee to establish sound governance and includes provisions to protect the rights and interests of various stakeholders.

This content was produced with the assistance of AI translation services.