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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

Yeocheon NCC raises naphtha cracker utilisation to 65 percent

Yeocheon NCC has raised the operating rate of its naphtha cracking plant to 65 percent from 60 percent, the company said on Sunday. It cited improved conditions for stabilising supply and demand, after the government introduced a subsidy policy to support naphtha purchases and a financial support system was also put in place. The company’s utilisation fell to 55 percent last month amid higher feedstock prices and supply uncertainty linked to a prolonged Middle East situation.

Industry

Aerospace, defense investing spurs wave of space-themed ETFs

Rising interest in aerospace and defense is drawing attention to exchange-traded funds that invest directly in space infrastructure such as satellites, communications and navigation. Investors are showing more interest in products targeting space technology than broad aerospace and defense ETFs, CNBC reported. VettaFi\'s Cynthia Murphy cited Procure Space ETF and Global X Defense Tech ETF. Since late February, Procure Space rose about 19 percent while Global X Defense Tech fell 8 percent.