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Industry
Hanwha Solutions sells U.S. venture investment fund for $84.3 million to boost liquidity
Hanwha Solutions said on Wednesday it sold a venture investment fund that invested in U.S. innovative companies for $84.3 million. The company said it will use the proceeds to supplement funds for debt repayment created by the reduction in its rights issue and to bring forward plans to improve its financial structure. It also said it will quickly push ahead with 300 billion won of investor asset monetisation presented during the rights issue revision process.
Industry
Hanwha Solutions sells 200 billion won AMPC securitisation
Hanwha Solutions said on May 21 it recently sold about 200 billion won ($130 million) of the Advanced Manufacturing Production Credit (AMPC) it received last year to a third party. It plans to continue accelerating early cash conversion of AMPC to speed up improvements in its financial structure. The AMPC provides tax credits for solar products made in the United States, and the credits can be transferred to third parties.
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.