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Hanon Systems Announces Second Quarter 2026 Financial Results

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Revenue reached KRW 2.87 trillion and operating profit of KRW 103.7 billion, marking continued earnings recovery driven by structural improvements and business diversificationAchieved a cost of goods sold (COGS) ratio to 89.3% in the first half of 2026 through global restructuring and company-wide cost optimization initiativesElectrification business accounted for 31% of total revenue, demonstrating flexibility in responding to evolving global vehicle demand

SEOUL, South Korea, July 31, 2026 /PRNewswire/ — Hanon Systems, a leading global automotive thermal management supplier and a subsidiary of Hankook & Company Group, today announced its financial results for the second quarter of 2026.

The company reported consolidated revenue of KRW 2.87 trillion and operating profit of KRW 103.7 billion for the second quarter of 2026. For the first half of the year, cumulative revenue reached KRW 5.62 trillion, representing a 2.7% increase year-on-year. Supported by favorable foreign exchange effects and increased supply of electrification components to European customers, Hanon Systems achieved a first-half operating profit of KRW 200.9 billion. The company also returned to net profitability through improved operational efficiency following global restructuring efforts.

Hanon Systems continued to strengthen its cost competitiveness by reducing its COGS ratio to 89.3% in the first half of 2026. Through company-wide cost optimization initiatives, including material cost management, logistics efficiency improvements, and structural enhancements, the company mitigated the impact of ongoing cost pressures and a challenging operating environment. The company will continue to strengthen its cost competitiveness through ongoing operational improvements and disciplined cost management.

The electrification business represented 31% of total revenue, supported by increased supply to European customers. Leveraging a diversified product portfolio covering internal combustion engine vehicles, hybrids, and battery electric vehicles, Hanon Systems continues to respond effectively to changing market conditions and evolving global demand for electrified mobility solutions.

Soo-Il Lee, Vice Chairman and Chief Executive Officer of Hanon Systems stated, “We have enhanced our operational excellence through company-wide efforts to improve operational efficiency and implement structural improvements despite ongoing global cost pressures. Going forward, we will continue to build long-term competitiveness and pursue sustainable growth, by reinforcing our core capabilities while advancing new growth opportunities based on our automotive thermal management expertise.”

Q2 2026

Q2 2025

Q1 2026

Revenue

KRW 2,875.2 billion 

KRW 2,858.2 billion 

KRW 2,748.2 billion 

Operating Profit 

KRW 103.7 billion

KRW 64.3 billion

KRW 97.2 billion

About Hanon Systems

Hanon Systems, founded in 1986, is a global leader in thermal management solutions. In January 2025, it became a subsidiary of Hankook & Company Group. Its offering includes a wide range of solutions in the areas of heating, ventilation and air conditioning, powertrain cooling, compressor, fluid transport, and electronics and fluid pressure. The company currently operates 50 manufacturing sites and three regional innovation centers and employs more than 20,000 people across 21 countries. To learn more, visit hanonsystems.com.

Follow Hanon Systems:

LinkedIn: https://www.linkedin.com/company/hanonsystems
YouTube: https://www.youtube.com/channel/UC6bSZ7NMg7LPhXDyTOMwebQ/feed

 

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SOURCE Hanon Systems

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STARTRADER expands AI offering with 31 New US Share & ETF CFDs in Semiconductors, Optical Networking & Nuclear

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Available from August 3 on the trading platform and August 5 on the STARTRADER app, spanning semiconductors, AI infrastructure, optical networking, and nuclear energy

DUBAI, UAE, July 31, 2026 /PRNewswire/ — STARTRADER today announced the launch of 31 new US Share CFDs and ETF CFDs, available on the trading platform from August 3 and on the STARTRADER app from August 5, spanning semiconductors, AI infrastructure, optical networking, and nuclear.

The new instruments will reference companies and funds across hardware, power, and connectivity infrastructure in the technology sector.

The semiconductor cohort includes ON Semiconductor, Wolfspeed, Astera Labs, Rigetti Computing, Sandisk, FormFactor, Navitas Semiconductor, Semtech, Vishay Intertechnology, and AXT. Cerebras Systems, CoreWeave, and Vertiv Holdings address AI chip architecture, GPU cloud infrastructure, and data centre power management. Arista Networks, Ciena, Applied Optoelectronics, and Fabrinet cover optical networking, while Centrus Energy and NuScale Power add nuclear energy exposure. Nokia, EchoStar, USA Rare Earth, Nebius, and Iris Energy complete the range.

Seven ETF CFDs will cover semiconductors (SMH, SOXX, SOXL), memory (DRAM), photonics (FOTO), technology software (IGV), and Taiwan equity (EWT).

STARTRADER is Built on Trust. Driven by Growth. Those values sit behind every product decision the broker makes. This launch reflects STARTRADER’s continued commitment to expanding its CFD range, providing eligible clients access to a broader selection of global markets.

“As client interest in AI infrastructure continues to grow, this launch reflects our commitment to expanding the CFD instruments we make available, giving eligible clients access to trade a broader selection of these markets.” Peter Karsten, CEO, STARTRADER

This expansion forms part of STARTRADER’s ongoing efforts to broaden its CFD range across sectors.

Product availability, services and applicable protections may vary depending on the STARTRADER entity with which clients are onboard and their jurisdiction of residence. 

Risk Warning: Trading CFDs involves a significant risk of loss and may not be suitable for all investors.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STARTRADER APP, and STAR Copy. STARTRADER operates through entities licensed and regulated by authorities including CMA, ASIC, FSCA, FSA and FSC, combining strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

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SOURCE STARTRADER

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Oman Deputy IT Minister Applauds Kingsoft Office’s AI Strategy

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SHANGHAI, July 31, 2026 /PRNewswire/ — Dr. Ali bin Amer Al Shidhani, Oman’s deputy minister for communications and information technology, toured Kingsoft Office’s booth at the 2026 World Artificial Intelligence Conference and tested the company’s latest AI agents-Lingxi Professional and WPS Comate.

Yang Songlin, senior product manager at Kingsoft Office, walked Dr. Al Shidhani through the company’s global reach. WPS Office now runs on 678 million monthly active devices across more than 220 countries and regions, the company said.

Both sides discussed WPS’s integrated cloud-and-device architecture, how WPS 365 could meet data-security requirements for government and enterprise clients in the Middle East, and the outlook for AI office software adoption in Oman.

Dr. Al Shidhani praised Kingsoft Office’s approach to enterprise AI—keeping it under control, and putting it to real use. He said he hopes to bring WPS’s AI tools into Oman’s telecommunications sector and government digitization efforts, and to deepen digital-industry ties across the Gulf.

Photo – https://mma.prnewswire.com/media/3008510/image1.jpg

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Bybit Dual Asset Now Upgraded with New Simulator and Expanded VIP Access

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DUBAI, UAE, July 31, 2026 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce new upgrades to Bybit Dual Asset, introducing a newly added simulator, a simplified interface and expanded access to VIP-tier products for all users.

Bybit Dual Asset is a short-term, non-principal-protected structured investment product with built-in yield. It allows users to set a target price to buy or sell crypto at a preferred rate. Regardless of whether the target price is reached at settlement, participating users earn APR rewards on their principal, combining price flexibility with a competitive yield for Bybit traders.

Dual Asset, Multiple Benefits

The upgrade introduces an ultra user-friendly simulator, allowing users to preview potential outcomes before placing an order. Within the simulator, users can select a preferred token from a searchable list, enter a custom investment amount, choose from available durations and view both settlement scenarios side by side in a single, clear illustration. A “Match My Assets” filter also surfaces coins based on a user’s current holdings, streamlining product selection. To access the simulator, traders can switch on “Beginner Mode” by navigating to “Choose Product Plan”.

In addition, the Dual Asset interface has been redesigned for a simpler, more intuitive experience, reducing the steps required to compare terms and place an order.

As part of the upgrade, VIP-exclusive Dual Asset products with enhanced APR rates will be unlocked for all Bybit users every Friday, during which weekly window no VIP membership is required. This further broadens access to enhanced-rate products that were previously reserved for top-tier accounts.

The new and improved Bybit Dual Asset retains all the most loved features about the product while introducing exclusive benefits:

Competitive yield: when the target trade is executed, users settle at the preset price while also earning additional APR rewards.Better pricing: compared with direct trading, users can buy at a lower price or sell at a higher price once the target price is reached.Inclusive access: VIP-tier products with enhanced rates now are available to all users every Friday, extending VIP benefits to the broader Bybit community.

Terms and conditions apply. For details on potential restrictions and eligibility, users may visit: Bybit Dual Asset — Revamped for a Better Experience and Bybit Dual Asset.

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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