[Market Focus] Hanwha Aerospace Becomes Blue-Chip Stock After Record-High Earnings

Hanwha Aerospace surpassed 1,000,000 KRW per share as its stock price soared, following record-breaking earnings in the second quarter of this year.

As of 9:57 a.m. on July 31, Hanwha Aerospace was trading at 1,014,000 KRW on the Korea Exchange, up 37,000 KRW (3.79%) from the previous day. During the session, the stock reached 1,015,000 KRW, hitting an all-time high once again.

The strong second-quarter performance is seen as the main driver behind the stock's surge. On this day, Hanwha Aerospace announced in a regulatory filing that its consolidated operating profit for the second quarter of this year was provisionally tallied at 864.4 billion KRW, a 156.3% increase compared to the same period last year. During the same period, revenue rose by 168.7% year-on-year to 6.2735 trillion KRW, while net profit increased by 79.9% to 287.7 billion KRW.