Hanon Systems Returns to Profitability Amid Global Restructuring

The company’s cumulative revenue for the first half of 2026 reached KRW 5.62 trillion, a 2.7% increase compared to the previous year. This performance, bolstered by favorable foreign exchange rates and steady demand from European customers, pushed the first-half operating profit to KRW 200.9 billion. By streamlining logistics and refining material management, the firm successfully reduced its cost of goods sold ratio to 89.3%.

Electrification now accounts for 31% of total revenue, highlighting the company's pivot toward battery electric vehicles and hybrids. Vice Chairman and CEO Soo-Il Lee noted that these operational improvements remain central to the firm's strategy as it balances ongoing cost pressures with the need for sustainable growth. With 50 manufacturing sites globally, Hanon Systems continues to leverage its thermal management expertise to navigate a volatile automotive market.