Hanju Light Metal's Q2 Operating Profit Surges 114% QoQ

Hanju Light Metal reported a consolidated operating profit of 2.6 billion won in the second quarter, marking a 113.8% increase compared to the previous quarter.

According to Hanju Light Metal on August 13, sales reached 72.55 billion won, up 14.9% quarter-on-quarter, and net profit reached 940 million won, successfully returning to profitability from both the previous quarter and the same period last year. On a separate basis, the company also continued its profitability improvement trend, with operating profit of 2.57 billion won and net profit of 1.3 billion won.

 

Hanju Light Metal expects its growth to accelerate further in the second half of the year, as global large-scale projects it has been preparing for the past three years are set to fully enter the mass production stage, starting with improved results in the second quarter. Beginning in the third quarter, the company will commence full-scale mass production of lightweight components—including the key underbody chassis frames (front and rear crossmembers) and control arms—applied to Hyundai Motor Group's top-tier premium flagship electric vehicle, the GV90. This project is comprised of high-value-added products, with the supply price per vehicle significantly higher than before. As such, it is expected to be a key growth driver that will simultaneously boost sales and profitability.

The company is also starting full-scale mass production of four key components used in GM’s flagship pickup trucks. With an expanded supply to the North American market, the export ratio is expected to gradually recover. In addition, Hanju Light Metal is broadening its global supply through its Slovakian subsidiary, which serves as its European base, as well as expanding collaborations with global top-tier automotive parts manufacturers.

A Hanju Light Metal official stated, “The improved performance in the second quarter is the result of our ongoing high-value-added lightweighting strategy beginning to yield tangible outcomes. In the second half of the year, as the mass production of large-scale projects such as the GV90 and expanded global customer supply become more substantial, we will sustain growth through continued productivity gains and profitability improvement. Based on these achievements, we aim for a corporate value re-rating.”

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