Hanwha corporate ranking 5place, loss-making businesses remain a challenge
By the size of its corporate group assets, Hanwha ranks among the 5largest, but losses in petrochemicals and solar power remain challenges. Shipbuilding and defense delivered strong results, while funding needs and the possibility of an affiliate separation were also mentioned.
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Hanwha ranks among the 5largest corporate groups by asset size. The company’s growth trajectory continues, but challenges remain within the group that need to be addressed. The key is to turn loss-making businesses profitable.
17Looking at the recent results of Hanwha Group affiliates, the shipbuilding and defense businesses delivered strong results. By contrast, companies related to petrochemicals performed poorly. Hanwha TotalEnergies and Yeocheon NCC are among the companies in that business group.
Solar power was also cited as a loss-making business. For Hanwha to enter the top 4companies, turning these businesses profitable was presented as a priority to address. Loss-making businesses were cited as a burden within the group.
Securing funding was also presented as a challenge. Hanwha needs substantial capital for future growth businesses and for acquiring or merging with other companies. Ensuring a stable source of this funding was cited as a challenge.
The possibility of changes to the corporate governance structure was also cited as a variable. Going forward, 3if the groups’ independent management gets fully underway, the affiliates could split up. If a separation of the affiliates proceeds, Hanwha’s ranking by asset size could fall again.
Hanwha’s current expansion in scale is supported by results in shipbuilding and defense. However, losses in petrochemicals and solar power, fundraising, and the possibility of an affiliate separation have also been raised. Entry into the top 4was summed up as depending on how these challenges progress.
Sources: 연합인포맥스
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