Hanwha Solutions Corporation: Business Overview, Financials & Competitive Analysis
Hanwha Solutions Corporation scores 4/10 on the AskCyborg Cyborg Score (Mixed). Challenged profitability and rising leverage offset diversified revenue streams and renewable energy growth exposure. In 2024, revenue declined 5.23% year-over-year to ₩12.39 trillion, while losses deteriorated significantly to ₩1.71 trillion. Q3 2025 results showed an operating loss of ₩7.4 billion despite net profit of ₩4.5 billion, with debt-to-equity ratio.
What is Hanwha Solutions Corporation's industry? Hanwha Solutions Corporation (hcc.hanwha.co.kr) operates in Chemicals, Solar Energy, Advanced Materials. AskCyborg classifies Hanwha Solutions Corporation under Chemicals, Solar Energy, Advanced Materials in its company registry.
Hanwha Solutions operates in chemicals, energy solutions, and advanced materials in South Korea and internationally. The company operates through four segments: Raw Materials, Manufacturing, Retail, and Photovoltaic, ...
Cyborg Score thesis
Challenged profitability and rising leverage offset diversified revenue streams and renewable energy growth...
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Get Current Report FreeHanwha Solutions Corporation Overview
Pro stress-test →Hanwha Solutions operates in chemicals, energy solutions, and advanced materials in South Korea and internationally. The company operates through four segments: Raw Materials, Manufacturing, Retail, and Photovoltaic, positioning itself as a diversified industrial conglomerate with exposure to petrochemicals and renewable energy.
Strategic Profile
Pro stress-test →As a diversified technology company, Hanwha's main activities include petrochemical production, developing solar energy solutions, and creating new business models through planning, development, operation, and finance. The company operates under brands such as Q CELLS and Q Energy, establishing differentiated market positioning in the renewable energy sector.
Competitive Landscape
Pro stress-test →Hanwha operates Q CELLS and Q Energy brands in the competitive solar module and energy solutions space, competing against global solar manufacturers and regional chemical producers. The company faces margin pressures in petrochemicals from commodity price volatility and operational challenges in renewable energy from U.S. regulatory scrutiny affecting module plant capacity utilization.
Industry Context
Hanwha Solutions Corporation operates in Chemicals, Solar Energy, Advanced Materials.
Key facts
Founded: 1965 · Headquarters: Seoul, South Korea · Employees: 5,656-5,910 · Revenue: $10.1B · Market cap: $5.4B-5.7B