{"id":1461,"date":"2026-05-04T16:57:18","date_gmt":"2026-05-04T16:57:18","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/1461\/"},"modified":"2026-05-04T16:57:18","modified_gmt":"2026-05-04T16:57:18","slug":"hanwha-aerospace-q1-operating-profit-jumps-21-to-638-9-billion-won-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/1461\/","title":{"rendered":"Hanwha Aerospace Q1 Operating Profit Jumps 21% to 638.9 Billion Won"},"content":{"rendered":"<p><img alt=\"Hanwha Aerospace CI.\/Hanwha Aerospace - Seoul Economic Daily Finance News from South Korea\" title=\"Hanwha Aerospace Q1 Operating Profit Jumps 21% to 638.9 Billion Won\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/05\/news-p.v1.20260312.69768b51a73e45bbb28e2f907d156e66_P1.png\"\/>Hanwha Aerospace CI.\/Hanwha Aerospace<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Hanwha Aerospace (012450.KS) reported preliminary first-quarter operating profit of 638.9 billion won ($470 million), up 21% from a year earlier, the company said Wednesday.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Revenue rose 5% year-on-year to 5.75 trillion won ($4.23 billion).<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">By business segment, the land defense division posted revenue of 1.22 trillion won, a 5% increase from a year earlier, while operating profit fell 31% to 208.7 billion won.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">However, the order backlog reached a record high of 39.7 trillion won, reflecting a 1.3 trillion won contract to export the Chunmoo multiple-launch guided missile system to Norway.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The aerospace division recorded revenue of 661.2 billion won and operating profit of 22.6 billion won, up 25% and 533% year-on-year, respectively. An increase in military orders and a higher revenue share from businesses with solid profitability drove the earnings improvement.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Hanwha Ocean (042660.KS) reported revenue of 3.21 trillion won, up 2% from a year earlier, while operating profit surged 71% year-on-year to 441.1 billion won. A higher share of high-value commercial vessel projects such as liquefied natural gas (LNG) carriers, a favorable exchange rate, material cost reductions and productivity improvements contributed to the profitability gains.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">&#8220;The first quarter saw solid growth driven by strong performances in the aerospace division and Hanwha Ocean,&#8221; a Hanwha Aerospace official said. &#8220;Building on a record-high order backlog, we will maximize shareholder value through continued order wins.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Hanwha Aerospace CI.\/Hanwha Aerospace Hanwha Aerospace (012450.KS) reported preliminary first-quarter operating profit of 638.9 billion won ($470 million),&hellip;\n","protected":false},"author":2,"featured_media":1405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[345],"tags":[1388,355,277,354,373,1008,1390,1389,1195,462],"class_list":["post-1461","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha-ocean","tag-chunmoo-missile","tag-hanwha","tag-hanwha-aerospace","tag-hanwha-group","tag-hanwha-ocean","tag-korea-defense-industry","tag-lng-carriers","tag-norway-defense-export","tag-order-backlog","tag-q1-earnings"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/1461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=1461"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/1461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/1405"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=1461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=1461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=1461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}