Hanwha Vision (Photo courtesy of Hanwha Vision)

 

 

[Alpha Biz= Paul Lee] Hanwha Vision reported a sharp decline in profitability for the first quarter, weighed down by a temporary gap in semiconductor equipment sales and losses at its subsidiary.

The company posted consolidated revenue of KRW 441.4 billion and operating profit of KRW 22.1 billion for Q1 2026, down 2.3% and 55.3% year-on-year, respectively. Operating margin also fell to 5.0% from 10.9% a year earlier.

Its security business, which includes CCTV systems, generated KRW 358.2 billion in revenue and KRW 35.8 billion in operating profit. While both figures declined year-on-year, the segment showed some sequential recovery driven by European demand and favorable exchange rates.

In contrast, subsidiary Hanwha Semitech swung to an operating loss of KRW 13.7 billion on revenue of KRW 83.1 billion, with margins falling to negative 16.5%.

The weakness was largely attributed to a temporary absence of revenue from TC bonders—key equipment used in high-bandwidth memory (HBM) production. Most orders secured last year had already been recognized in prior earnings, creating a short-term gap in Q1.

However, order momentum remains intact. Hanwha Semitech resumed TC bonder orders from major clients during the quarter, and Hanwha Vision expects related revenue to be reflected from Q2, supporting a recovery in profitability.

 

 

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]