Industry

Hanwha Solutions Q1 operating profit up 205 percent to 92.6 billion won

Hanwha Solutions said first-quarter operating profit rose 205.5 percent from a year earlier to 92.6 billion won, while revenue increased 25.5 percent to 3.88 trillion won on a consolidated basis. It marked a return to operating profit for the first time in three quarters since the second quarter of 2025. The company said U.S. solar customs delays eased, plant operations normalised and profitability improved across renewable energy, chemicals and advanced materials.

Industry

Solus Advanced Materials Q1 operating loss 22 billion won widens 43.8 percent

Solus Advanced Materials posted first-quarter consolidated revenue of 192.6 billion won and an operating loss of 22.0 billion won. Revenue rose 13.6 percent from the previous quarter, but the operating loss widened 43.8 percent from a year earlier. The company cited an incomplete recovery in battery foil output alongside burdens from fixed costs and power prices. Battery foil sales rose 47 percent quarter-on-quarter, while OLED materials sales fell 17.1 percent.