Hanwha Solutions: Solar Business Investments to Bear Fruit

Business Korea | May 13, 2020 at 3:01 AM
  • The author is an analyst of NH Investment & Securities.
  • As there is a short time gap between the purchase and input of raw materials at the basic chemical division, the division was able to enjoy low-priced raw material effects for 1Q20, stemming from an oil price plunge in March.
  • We point out that Hanwha Solutions’ subsidiaries (including YNCC, Hanwha General Chemical, and Hanwha Total) have relatively long intervals between the purchase and actual input of raw materials, a factor which led to equity-method losses in 1Q20 due to the input of expensive raw materials.