Hanwha Vision한화비전

Hanwha Vision's trailing revenue and profit are solid, but the shares have fallen sharply over the past year and trade well below their 52-week high.

Hanwha Vision is a video security and CCTV maker that also runs an industrial equipment unit through Hanwha Semitech. On trailing figures to H1 2026 it reports revenue of about ₩1.87T, an 8% operating margin and a 6.4% net margin, while the share price closed at ₩37,200, down 28.5% over one year. The data does not explain the drop in the share price.

What stands out

• Trailing revenue reached ₩1.87T, versus ₩1.79T for full-year 2025, and 2025 revenue grew 263% from ₩493B in 2024.
• 2025 net income of ₩45.6B fell well short of the trailing net income of ₩119B, so profit has moved around a lot between periods.
• Borrowings of ₩679B are well above cash of ₩98B, and liabilities are 136.8% of equity.
• Free cash flow on a trailing basis was ₩21.1B, and the company pays no dividend.
• Foreign ownership rose to 24.6% from 22.7% over 60 days, while institutions were net sellers over the last 20 days.

What to watch

• The advance notice of earnings results filed on 2026-10-21 has no figures in the data, so the full results are still to come.
• Debt levels relative to cash and the free cash flow figure, given the high borrowings.
• The data gives no clear reason for the share price fall, so new filings or news on the business would be worth checking.