Hanchang Industry Posts 2.9 Billion Won Operating Profit in H1..."Expansion of Exports Expected in H2"

Hanchang Industry, a company specializing in functional materials, is set to drive growth in the second half of the year by maintaining stable production and sales, backed by strong demand in its major downstream industries.

On August 13, Hanchang Industry announced that its sales in the first half of this year reached 50.2 billion won, with an operating profit of 2.9 billion won and a net profit of 3.6 billion won.

Although the recovery of demand in some industries was delayed and growing geopolitical uncertainties impacted business performance during the first half, the company maintained stable production levels and factory operations for its main products. Based on this, Hanchang Industry anticipates sales growth in the second half, driven by expanded sales.

The company manufactures zinc powder, zinc phosphate, lithium bromide, and zeolite. Zinc powder and zinc phosphate are essential raw materials in anti-corrosion coatings that protect ships, containers, and steel structures from corrosion. Lithium bromide is used in heating and cooling systems, while zeolite is employed in industrial oxygen generators.

In particular, as existing demand continues in key downstream industries such as shipbuilding, the company plans to sustain stable sales based on its domestic and overseas client base. In the second half, Hanchang Industry aims to expand sales of its core products while also securing new overseas clients to strengthen its export business.

A representative from Hanchang Industry stated, "Production and factory operations are proceeding according to plan and are stable. In the second half, we expect our ongoing growth initiatives to be gradually reflected in sales, allowing for a continued, stable performance."

The representative added, "We will continue to expand our domestic and global customer base by leveraging our accumulated technology and production competitiveness across various functional material segments, including zinc powder, zinc phosphate, lithium bromide, and zeolite."

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