Hanwha Aerospace (012450) recorded its largest quarterly efficiency within the third quarter, pushed by sturdy export efficiency of Okay-defense merchandise represented by the K9 self-propelled howitzer. This 12 months’s working revenue is very prone to surpass 3 trillion received for the primary time within the firm’s historical past. The corporate expressed confidence that large-scale orders will proceed subsequent 12 months, centered on Europe and the Center East the place protection demand is excessive. Driving on sturdy efficiency and sturdy development momentum, Hanwha Aerospace’s inventory value re-broke the 1 million received mark.
Hanwha Aerospace introduced on Nov. 3 that its third-quarter income (consolidated foundation) reached 6.486 trillion received, a pointy enhance of 146.5% in comparison with the identical interval final 12 months (2.631 trillion received). Working revenue grew 79.5% to 856.4 billion received from 477.2 billion received in the identical interval final 12 months. Web earnings greater than doubled from 318.3 billion received to 712.2 billion received throughout the identical interval.
By way of the third quarter of this 12 months, Hanwha Aerospace’s income reached 18.281 trillion received, practically tripling in comparison with the identical interval final 12 months (6.415 trillion received), displaying 185% development. Working revenue by way of the third quarter additionally surged 174% to 2.281 trillion received in comparison with the identical interval final 12 months (832.2 billion received). Each income and working revenue by way of the third quarter have far exceeded the earlier 12 months’s full-year efficiency.
By enterprise phase, third-quarter floor protection income was 2.109 trillion received and working revenue was 572.6 billion received, rising 27% and 30% respectively in comparison with the identical interval final 12 months, main total efficiency development. The third-quarter floor protection working margin reached 27.1%. Notably noteworthy is the bottom protection home efficiency. Third-quarter floor protection home income recorded 912.9 billion received, a 33% enhance from the third quarter final 12 months, pushed by elevated gross sales of main mass-production merchandise together with chemical, organic, radiological and nuclear reconnaissance automobiles and wheeled anti-aircraft weapons.
The aerospace division improved income by 26% to 604 billion received in comparison with the identical interval final 12 months attributable to elevated engine components aftermarket (AM) quantity, and turned to black ink with 3.1 billion received in working revenue. An organization official defined, “We achieved profitability this quarter as provision prices underneath the chance and income sharing program (RSP) contract for the ‘GTF’ engine being developed with america have been reversed.”
Subsidiary Hanwha Ocean (042660) additionally achieved income of three.023 trillion received and working revenue of 289.8 billion received, pushed by sturdy efficiency in high-value-added vessels together with liquefied pure fuel (LNG) carriers and particular vessels. Hanwha Methods (272210) recorded income of 807.7 billion received and working revenue of twenty-two.5 billion received.
Hanwha Aerospace forecasts that abroad orders will speed up subsequent 12 months, attaining steady income development by way of 2029. As of the third quarter, floor protection order backlog stands at 31 trillion received, securing work for the subsequent 4-5 years. Complete order backlog exceeded 101 trillion received as of the primary half.
Hanwha Aerospace is accelerating market penetration by constructing native factories in america, Europe, and the Center East the place weapon demand is surging. For the Romania manufacturing facility, the corporate has secured manufacturing facility websites and plans to start development by the tip of this 12 months. The Poland manufacturing facility’s website acquisition and development plans will quickly be finalized, whereas preliminary work on deciding on websites for modular propellant factories in america and Europe has begun.
Hanwha Aerospace is taken into account a powerful candidate in ongoing abroad venture bids. For the U.S. Military’s self-propelled howitzer modernization (SPH-M) venture, Hanwha has proposed the K9MH (K9A2 wheeled model), with remaining contractor choice anticipated round 2027 and complete contract worth reaching 10 trillion received. The corporate can also be in discussions with Saudi Arabia relating to native manufacturing and upkeep infrastructure growth. Together with K9 self-propelled howitzers and different export merchandise, components, and upkeep, restore, and overhaul (MRO) providers, the contract worth is anticipated to be round 10 trillion received.
In the meantime, Hanwha Aerospace’s inventory closed at 1,042,000 received on Nov. 3, up 6.44%, reflecting sturdy efficiency and order expectations. Having solidified its standing as an emperor inventory with a share value exceeding 1 million received, Hanwha Aerospace’s market capitalization recorded 53.729 trillion received.
