Its Chinese factory’s operating ratio has returned to 80 percent, from close to 60 percent in August, boosted by the launch of new models and marketing campaign, and will be over 90 percent in the fourth quarter, forecast analyst Kim Jun-seong.
It has already secured new orders worth US$1.5 billion, well past the US$1.2 billion for the whole 2016, added the analyst.
The fact that Hanon Systems, along with Denso, is the leading manufacturer of e-compressor, the core part for eco-friendly electric vehicles, guarantees its value, underlined Kim, estimating that its revenue and operating profit will rise 7 and 11 percent, respectively, on average by 2020.
By Hwang You-mee (glamazon@heraldcorp.com)