[Edaily Reporter Shin Ha-yeon ] Hanchang Industry Co., Ltd.(079170), a company specializing in functional materials, announced on the 13th that it recorded sales of 50.2 billion won and an operating profit of 2.9 billion won in the first half of this year. Net income totaled 3.6 billion won. These figures represent decreases of 10.56% and 62.27%, respectively, compared to the same period last year.

The company explained that delayed demand recovery in certain industries and increased external geopolitical uncertainty during the first half of the year impacted its performance. However, as production of key products and factory operations remain stable, the company expects revenue growth driven by expanded sales in the second half of the year.

Founded in 1985, Hanchang Industry Co., Ltd. is a company specializing in functional materials, producing and selling zinc powder, zinc phosphate, lithium bromide, and zeolite, among other products.

Its flagship products, zinc powder and zinc phosphate, are key raw materials for anti-corrosion coatings that prevent corrosion in ships, containers, and steel structures. Lithium bromide is used as an absorbent in absorption-type chillers and heaters for heating and cooling systems. Zeolite is a molecular sieve material that selectively adsorbs nitrogen from the air and separates oxygen; it is used in industrial oxygen generators and other applications.

Hanchang Industry Co., Ltd. explained that it is maintaining its sales momentum based on its domestic and international customer base, amid continued demand from major Chonbang industries. In the second half of the year, the company plans to expand sales of its key products while securing new overseas customers to strengthen its export foundation.

A company official stated, “Production and plant operations are proceeding stably as planned,” adding, “In the second half of the year, we expect our past efforts toward growth to be gradually reflected in sales, allowing us to continue our stable performance trend.”

The official added, “Based on the technological expertise and production competitiveness we have accumulated in various functional materials—including our core products, zinc powder and zinc phosphate, as well as lithium bromide and zeolite—we will continue to expand our customer base both domestically and internationally.”