Shin Heung Energy & Electronics Co.,Ltd. (KOSDAQ: 243840)

Shin Heung Energy & Electronics Co.,Ltd. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	489,435	539,852	477,825	366,253	280,068	239,493
Other Revenue	-	-	-	-	-0	-0
Revenue	489,435	539,852	477,825	366,253	280,068	239,493
Revenue Growth (YoY)	-7.74%	12.98%	30.46%	30.77%	16.94%	11.19%
Cost of Revenue	416,585	454,798	408,869	302,280	229,589	200,359
Gross Profit	72,849	85,054	68,956	63,974	50,480	39,134
Selling, General & Admin	32,995	31,862	30,712	25,534	17,454	14,907
Research & Development	2,168	3,030	3,307	3,477	3,824	2,271
Other Operating Expenses	4,199	4,581	2,737	2,884	1,399	802.2
Operating Expenses	42,007	41,402	37,941	32,905	23,829	18,958
Operating Income	30,843	43,652	31,015	31,069	26,651	20,176
Interest Expense	-15,246	-15,246	-5,381	-4,039	-4,639	-4,503
Interest & Investment Income	2,558	2,558	363.88	286.47	314.8	219.85
Earnings From Equity Investments	379.76	379.76	-	-	-	-
Currency Exchange Gain (Loss)	4,132	4,132	-1,870	2,912	126.38	819.61
Other Non Operating Income (Expenses)	-1,587	210.6	248.17	1,814	-2,542	877.3
EBT Excluding Unusual Items	21,079	35,686	24,376	32,042	19,911	17,589
Gain (Loss) on Sale of Assets	-172.73	-172.73	-541.58	-333.04	-114.86	-6.72
Asset Writedown	-	-	-	-736.85	-1,478	-
Other Unusual Items	-	-	25.6	20.16	108.65	-
Pretax Income	20,906	35,513	23,860	30,993	18,479	17,582
Income Tax Expense	2,477	4,577	4,261	4,333	169.74	1,553
Net Income	18,429	30,936	19,599	26,660	18,309	16,029
Preferred Dividends & Other Adjustments	575.64	575.64	441.77	441.77	-	-
Net Income to Common	17,854	30,360	19,157	26,218	18,309	16,029
Net Income Growth	7.38%	57.84%	-26.48%	45.61%	14.22%	66.62%
Shares Outstanding (Basic)	39	39	39	37	34	33
Shares Outstanding (Diluted)	47	47	46	40	38	39
Shares Change (YoY)	2.34%	2.44%	13.98%	5.50%	-3.20%	17.30%
EPS (Basic)	459.27	781.47	493.54	709.21	537.72	489.14
EPS (Diluted)	394.45	662.34	430.07	670.95	504.48	434.74
EPS Growth	4.73%	54.01%	-35.90%	33.00%	16.04%	49.26%
Free Cash Flow	-76,762	-112,268	-89,694	-71,590	-21,776	-30,701
Free Cash Flow Per Share	-1644.42	-2402.73	-1966.44	-1788.89	-574.04	-783.41
Dividend Per Share	86.000	86.000	-	-	-	-
Gross Margin	14.88%	15.75%	14.43%	17.47%	18.02%	16.34%
Operating Margin	6.30%	8.09%	6.49%	8.48%	9.52%	8.42%
Profit Margin	3.65%	5.62%	4.01%	7.16%	6.54%	6.69%
Free Cash Flow Margin	-15.68%	-20.80%	-18.77%	-19.55%	-7.78%	-12.82%
EBITDA	86,923	88,557	67,356	57,589	48,344	36,600
EBITDA Margin	17.76%	16.40%	14.10%	15.72%	17.26%	15.28%
D&A For EBITDA	56,080	44,905	36,341	26,520	21,693	16,425
EBIT	30,843	43,652	31,015	31,069	26,651	20,176
EBIT Margin	6.30%	8.09%	6.49%	8.48%	9.52%	8.42%
Effective Tax Rate	11.85%	12.89%	17.86%	13.98%	0.92%	8.84%
Advertising Expenses	-	78.27	53.05	70.09	78.14	19.35

Source: S&P Capital IQ. Standard template. Financial Sources.