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Hanwha Vision surpassed 100 billion won in operating profit for the third quarter, driven by its global video security technology and semiconductor equipment capabilities. This marks the company's highest-ever performance.
As the first results released since the launch of the Hanwha M&S system, analysts assess that the tech growth strategy led by Kim Dong-sun, President in charge of Future Strategy, has entered a stable trajectory.
Hanwha Vision recorded consolidated revenue of 573.4 billion won and operating profit of 102.6 billion won for the third quarter this year. Revenue increased by 35.7% year-on-year, while operating profit rose by 183.4%. The company once again surpassed the record-high results previously set by its security division and Hanwha Semitech in the second quarter.
These results drew intense attention as the first performance report from a subsidiary following the establishment of Hanwha M&S, led by Kim Dong-sun, President in charge of Future Strategy, which was newly established through a spin-off from Co., Ltd. Hanwha in August.
Previously, as Executive Vice President in charge of Future Vision, Kim directly oversaw Hanwha Vision and its subsidiary Hanwha Semitech, striving to discover new growth drivers. A representative example is Hanwha Semitech's TC Bonder, which has entered the global semiconductor packaging supply chain.
Industry official A commented, "President Kim Dong-sun can be said to have hit a timely home run with his first set of results. President Kim, who has been evaluated for his aggressiveness and tenacity in the F&B sector, has proven his leadership in the new tech field as well."
Meanwhile, revenue in the security and AI camera sectors increased by 28.5% year-on-year, marking a second consecutive quarter of record-high quarterly sales. Operating profit also rose by 79.9%. Semiconductor equipment revenue tripled compared to the previous year, and the operating profit margin increased by 22 percentage points.
A Hanwha Vision official told StarNews in a phone interview, "The stable global performance of the security division combined with the order achievements of Hanwha Semitech's semiconductor equipment resulted in our highest-ever quarterly revenue."
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*This content was translated by AI.View Original
