Haesung Industrial Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,235,137	2,220,428	2,308,406	2,531,647	1,872,900	479,399
Other Revenue	-0	-0	-0	-0	-	-
Revenue	2,235,137	2,220,428	2,308,406	2,531,647	1,872,900	479,399
Revenue Growth (YoY)	-0.71%	-3.81%	-8.82%	35.17%	290.68%	2266.22%
Cost of Revenue	1,948,836	1,897,025	1,964,227	2,059,627	1,573,076	402,666
Gross Profit	286,301	323,403	344,179	472,020	299,824	76,733
Selling, General & Admin	206,698	197,531	187,052	210,112	164,501	48,364
Research & Development	22,884	22,024	20,330	20,809	12,493	111.9
Amortization of Goodwill & Intangibles	18,501	18,479	19,225	19,791	20,046	687.52
Other Operating Expenses	5,395	5,024	5,184	4,154	4,249	1,928
Operating Expenses	256,570	251,214	237,883	264,741	215,538	53,667
Operating Income	29,731	72,189	106,296	207,279	84,286	23,066
Interest Expense	-29,315	-31,402	-32,236	-18,406	-10,824	-4,961
Interest & Investment Income	3,471	5,932	6,411	3,128	786.05	339.66
Earnings From Equity Investments	115.78	234.7	281.95	833.55	25,377	206.78
Currency Exchange Gain (Loss)	1,176	2,294	458.46	-6,940	-1,399	5,405
Other Non Operating Income (Expenses)	-11,415	-10,917	2,316	2,705	11,127	340,911
EBT Excluding Unusual Items	-6,236	38,330	83,526	188,600	109,354	364,968
Gain (Loss) on Sale of Investments	-678.25	-1,154	1,385	-979.08	1,244	456.23
Gain (Loss) on Sale of Assets	130.99	48.87	-153.73	-432.16	-139.62	11.5
Asset Writedown	-20,399	-20,399	-93,229	-47,469	-5,191	-179.59
Other Unusual Items	-	-	-	-	-577.3	-
Pretax Income	-18,381	16,826	-8,472	139,720	104,690	365,256
Income Tax Expense	12,337	20,230	-10,988	33,303	23,379	16,709
Earnings From Continuing Operations	-30,718	-3,403	2,516	106,417	81,311	348,547
Minority Interest in Earnings	27,944	9,242	-31,853	-80,851	-31,862	-3,302
Net Income	-2,774	5,839	-29,337	25,565	49,449	345,245
Preferred Dividends & Other Adjustments	967.45	265.91	-1,283	966.22	242	-
Net Income to Common	-3,741	5,573	-28,054	24,599	49,207	345,245
Net Income Growth	-	-	-	-48.30%	-85.68%	14750.84%
Shares Outstanding (Basic)	29	30	29	26	24	14
Shares Outstanding (Diluted)	29	30	29	26	24	14
Shares Change (YoY)	-6.81%	1.29%	14.32%	4.63%	76.25%	41.90%
EPS (Basic)	-130.88	188.05	-958.89	961.22	2011.78	24877.91
EPS (Diluted)	-130.88	188.05	-958.89	961.22	2011.78	24877.91
EPS Growth	-	-	-	-52.22%	-91.91%	10365.89%
Free Cash Flow	-68,881	-163,194	111,545	-6,766	-15,934	17,707
Free Cash Flow Per Share	-2409.45	-5506.96	3812.61	-264.37	-651.46	1275.95
Dividend Per Share	225.000	225.000	-	-	-	-
Gross Margin	12.81%	14.56%	14.91%	18.64%	16.01%	16.01%
Operating Margin	1.33%	3.25%	4.61%	8.19%	4.50%	4.81%
Profit Margin	-0.17%	0.25%	-1.21%	0.97%	2.63%	72.02%
Free Cash Flow Margin	-3.08%	-7.35%	4.83%	-0.27%	-0.85%	3.69%
EBITDA	129,442	164,754	201,170	305,317	167,532	38,743
EBITDA Margin	5.79%	7.42%	8.71%	12.06%	8.95%	8.08%
D&A For EBITDA	99,710	92,565	94,874	98,038	83,246	15,677
EBIT	29,731	72,189	106,296	207,279	84,286	23,066
EBIT Margin	1.33%	3.25%	4.61%	8.19%	4.50%	4.81%
Effective Tax Rate	-	120.23%	-	23.84%	22.33%	4.57%
Advertising Expenses	-	2,435	1,989	1,699	2,000	923.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.