[Special Stock] Hanwha Aerospace Surges to 570,000 Won, Hits 52-Week High

Hanwha Aerospace recorded a 52-week high.

As of 1:35 PM on the 17th, Hanwha Aerospace is trading at 575,000 KRW, up 42,000 KRW (7.88%) from the previous trading day.

Hanwha Aerospace also reached 590,000 KRW on the day, setting a new 52-week high.

The strong performance of Hanwha Aerospace is attributed to its solid earnings. In the fourth quarter of last year, Hanwha Aerospace reported consolidated sales of 4.8 trillion KRW, a 56% increase compared to the previous year, and operating profit of 892.5 billion KRW, up 222.1%, delivering an earnings surprise.

With continued strong domestic mass production business and increased export volumes, it is expected that good performance will continue this year as well.

Lee Seung-woong, a researcher at Yuanta Securities, said, "Hanwha Aerospace's sales this year are expected to increase by 123.1% from the previous year to 25.1 trillion KRW, and operating profit is projected to rise by 56.3% to 2.7 trillion KRW."