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| 김동관 한화그룹 부회장 (사진=한화그룹) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Hanwha Solution achieved its best performance in the renewable energy sector last year.
Hanwha Solution made an announcement on the 22nd that its consolidated sales reached 13.2887 trillion won last year, up 1.2% from a year earlier. During the same period, operating profit fell 34.6 percent to 604.5 billion won.
By business, sales of renewable energy rose 18.8% to 6.6159 trillion won, while operating profit rose 62.3% to 568.2 billion won, the highest ever. Hanwha Solution explained, "Hanwha Q CELLS's sales of solar power plants in the US and Europe, which are expanding renewable energy, are more than 1 trillion won." The US Inflation Prevention Act (IRA), which focuses on investment in its renewable energy facilities, also contributed to increasing the operating profit of the renewable energy sector.
In addition, Hanwha Solution's high-tech material sales fell 14.2% to 988.9 billion won, but operating profit rose 82.2% to 64.3 billion won.
On the other hand, operating profit in the chemical sector fell nearly 90% to 59.5 billion won, while sales fell 13.7% (5.974 trillion won). This is due to weak demand for petrochemicals worldwide, which has reduced margins of its flagship products.
On the other hand, Hanwha Solution announced that it will pay cash dividends for the first time in four years. Dividends of KRW 300 per share and KRW 350 per share will be paid for preferred shares, with the total amount of dividends of KRW 51.7 billion.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
