Record-breaking sales of approximately KRW 2.56 trillion despite the slowdown in the electric vehicle market Aiming for improved performance in the second half through thermal management solutions applicable to all vehicle types, including internal combustion engine, hybrid and electric vehicles SEOUL, South Korea, Aug. 8, 2024 /PRNewswire/ -- Hanon Systems (KS:018880), a leading global automotive thermal management supplier for electrified mobility, today announced consolidated sales of KRW 2.56 trillion for the second-quarter of 2024, achieving the highest quarterly and historical sales record. This represents an increase of approximately 5.4% compared to the same period last year. Operating profit for the second quarter was KRW 71.6 billion, a 9.6% increase from the previous quarter, marking a consistent rise in operating profit for three consecutive quarters. However, the 50% decrease in operating profit compared to the same period last year is attributed to temporary factors, including the high base effect from strong previous-year performance and the global slowdown in electric vehicle sales. For the first half of the year, sales reached