Hanwha Techwin Financials and Future Examined

By Louis Cid and John Honovich, Published Mar 30, 2022, 09:35am EDT (Info+)

Four years ago, Hanwha Techwin spun out its security business, four years after Samsung sold off Techwin to Hanwha. But where is Hanwha Techwin today and where is it going?

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For this report, we reviewed Hanwha's Korean financials and interviewed Hanwha's executives to better understand the company's current position, and future plans.

**********

** ****, ****** *******'* ******* *** ~$570 ******* *** **** ****** **** (~$267 *******) ****** **** *** ********. Its ******** ******** *** ***** ***** the **** ** *** ****** ******** in ****.

Scale / **********

*** * ***** ** *****, **** puts ****** *******'* ******* ** * similar ***** ** ******** (****** **** Motorola ********* *** ********* ** **** companies, **** ********** **** ** ****** to ****).

****'* ****** ******* ** **** **** twice *** **** ** ******. *******, at * ****-******* ****** ****, ****** Techwin ** *** ** *** ******* video ************ ********* ********.

B2B ** ***

***** ****** / ******* / ******* historically *** **** *** *** *** businesses, *** *** ********, ****** **** smaller, ** *** ****** ***-********, ********* from $** ******* ** **** ** under $** ******* ** **** (*.*., less **** *% ** *******). ******, Hanwha ********* **** *** *** ***** American ******** ** *** ******.

PRC ***** ******** **********

****** *******'* *** ******** ** ********** with ******** ********* **** ~$* ******* in **** ** ***** $* ******* in ****. ***** *** ******* * surveillance ****** *** *** ** *** how ********** ***-**** ****** **, **** might ** ********** ********* *** ***, *** *****, ******* out ******* ***********,********* ***** *****'* ******.

********,****** ******* ****** * ******* ********* **** / ****, ******* ******** the *******'* ******** ** *** ***.

Growth ****

***** *** *******'* ******* ******** ~*% in ****, ** **** **% ** 2021 ** ~$*** ******* ***.

****** ******* ****** ************, ****** **** they *** ** ****** ** *** next ***** ***** ** *** ********, which ***** **** **** * ****-*******-****** business ** ***** ******* ******. ****** has ***** *** **** ********* ** the *********** ******* **** ** ********** action ******* *** *************. **** **** its******** * ****** ******** ** *** SMB, *** ********** ** ***** ** the **, ****** ***** ************* ******** its *******.

Operating *******

****** *******'* ********* ******* **** **** growing *** ******* ~**% ** **** (65/570) ***** ** ****** ***** ** strong *** ***** ************ *********.

Hanwha *********

****** ******* ** **** ** ********* *****, ******* ** ****, ** ********** *********, **** *** "****-*** ***** ** the ****** ***". ***** *** *******'* brand *********** ** ********* *** ** the ********, ********** *** ~$** ******* ** **** revenue. ** * ***** ** **********, Hanwha *****'* ***** ******* ** **** than ****** **** ** ******* ******** / ***.

****** *******, ******, ** ******* *% of *** ******* ****** *****'* *******, so ** ** * ***** **** of *** ****** *****.

Corporate **** ** ******

****** ******* ***** **** ***** ****** for *** ***** ****** ******* ****** them:

  • ********** **********: **** **** ***** *********, AI ** ****** ** * *** driver *** ***** ************ ********* ** being ******* ** *** ********** ** AI *********.
  • ****** ******* ****** *********: *** ****** group ** ******* ********** ****** (~*% annually) ***** ****** ******* *** *** can **** ************* ******.
  • ********* *******: ******* ** ******* ***** generating *******.
  • ** *******: *******'* ******* ** *** US ** ********* ** *** ****** company **** *** *** *********** *** presence ** *** **.

AI *******

****** ********** ********** *** ********** ** AI *** *** ******* *** ****** development ** *** ********. **** ** a ********** ***** **** ***** **** companies **** *** ************ ****** ********* (whether****, *** ******-************, *** *-***, ***.).

Acquisitions *** *******

***** ******** *** **** **** **** with ******** ************, ****** **** **** are *** ******* ** ************ ** commodity ******** ** ****** ****** *****. Hanwha **** **** ***** ******** ************ on *** ********** ****, ********** **** AI.

One ****** *******

****** **** **** *** ** ** a "*** ****** *******," ******* **** its *** ********, ****, ** ************.

**** *******, ** *** ***** ********** side, ****** *** *** *** *****-***** recorders, ****** **** ******* ***** (*.*., Wave) *** *** **** ****** *** from ***** *** (*** ***** ***).

Shortages / ****** ******

**** ********* ******** *** ** *** biggest ******** ** *** ******** *****, Hanwha ********* *** *****. ***** ****** that ** *** **********, *** ******* maintains *** ****** ***** ** *******, emphasizing ******'* ***** ******* ** ** buy ********** ** **** *** ** advance *** *** ******** *&* *** manufacturing ****** ** ** ******* ******** or ***** ** ****** ********* ** specific **********.

Shipping **-**% **** ***** **** * **** ***

****** **** **** **** *** ******** 60-70% **** ***** **** **** *** a **** ***, ** * **** of ***** ******* ** ******** ********* shortages *** ******* ********.

* ****** ** ************* *** ****** gaining ** *** ******* ** ****'* severe *********, *** ****** ** *** of ****.

Poll / ****

Comments (8)

** ****, ****** *******'* ******* *** ~$570 ******* *** **** ****** **** of *********** **** *******(~$*** *******) ****** **** *** ********

**** * ***** ******* *****.

*** *************** ** ***** ** **** that *** *** **** ****, *** supply ***** ** ***** *** ****. They ******* ** ***** ** **** than * **** ** ***** *** weeks ** *** **** ********* ** the *******. **** ****** ****** ********* about **. **** ***** **** **** they ***** **** ** **** ********* using (*********) *** *** ** **** interested ** ********* ******* (*** ***, you ****, ********* *******), *** ** the ***** **** *** * ****** Hikvision ***. **** **** **** **** on *** *** * ****** ** a *********** ******, **** ****** ***** current ****** ********* ****** ****'* **** far *** ** ***** ****. ****** be *********** ** *** *** *** line ****** **.

Agree
Disagree
Informative: 2
Unhelpful
Funny

* **** ********** ****** *** **** a **** ***, **’* * ***** product, ********** **** *** ************ ** Wave ** *** **** ******* ******, plenty ** ******* *** **** ******, so *** ***** ***********.

Agree: 8
Disagree
Informative: 6
Unhelpful
Funny: 1

****: **** ** *** **** ** report **** ******* ******** ** *** $199 ****** ****+ ****. ** *** trying ** ******* ** **** ***** in *** $*** **** ** ********. This **** ** ****** *** *** take ** ******* ****** ** **** to ** *** * ***** ** offers * *** ** ***** ** industry *************.

******** **** ** * **** ** a ****** (** *** *******'*) *******, that ***** ** ** *** *** amount ** **** ** ** *** will ****** *** ***** *****. *** outcome ** ****** *** ** ** such ******* ** ** ****** **** for ****, **** *** ** *** transitioning **** ** *** ******** *******.

** *** **** *** ******* **** a *****, *.*., ** *** ****** page ** ***** * ***** *** "Info+" ** "********":

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*** ** *** **** ****, *** same *****:

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*** ** *** *** ******* *****, same *****:

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Agree
Disagree
Informative: 6
Unhelpful
Funny

****** ** **** ********* ** ** business ****

Agree: 3
Disagree: 10
Informative: 3
Unhelpful: 4
Funny

*****, *** **? * **** ***'** dealt **** * **** ****** ** manufacturers ** ******* ** **** ****.

Agree
Disagree
Informative
Unhelpful
Funny

* ***** **** ** ********** ** hearing **** ***** ****. * **** been **** **** **** **** *** would *** *** *** ****. * have **** ***** ************* * **** used ** *** **** **** ***** more ******* ****** ** **** ********* however.

Agree: 4
Disagree
Informative: 3
Unhelpful
Funny

******** ** *** ****** ******** ***. Issues **** *** ************, *** *** been ****** ********** *** *** *** is *** *****. **'* **** * good *********** ** ***.

Agree: 2
Disagree
Informative: 2
Unhelpful
Funny

***** ********* **** ** ****** *** Axis *******, **** **** **** **** my ****** *** ***** ** ********* me ** *****. *** ***-**** *** insanely **** *******. *** ******* * get **** *** ****-****** ************* ** amazing. * ****** ********* ***** *******.

Agree: 2
Disagree
Informative: 4
Unhelpful
Funny
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