[Market Focus] Hanwha Engine Shares Rise on Last Year's Earnings Beat

The stock price of Hanwha Engine is on the rise, buoyed by strong performance last year.

As of 9:25 a.m. on January 27, Hanwha Engine was trading at 55,600 won, up 2,400 won (4.6%) from the previous trading day.

The previous day, Hanwha Engine announced in a regulatory filing that its consolidated operating profit for last year reached 130.1 billion won, an increase of 81.8% year-on-year. During the same period, revenue rose 14% to 1.3711 trillion won, and net profit also expanded by 119.5% to 173.8 billion won. Hanwha Engine explained that the growth in profit was due to increased sales from higher unit prices and improved operating margin.

The strong performance appears to be attributable to two-stroke low-speed engines. Kang Kyungtae and Hwang Hyunjung, analysts at Korea Investment & Securities, stated, "The average selling price (ASP) of two-stroke low-speed engines far exceeded market expectations," adding, "The ASP for the 31 low-speed engines delivered in the fourth quarter is estimated at 10.3 billion won per unit, up 23.1% from the third quarter."

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