Shin Hwa Dynamics Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	100,398	106,605	106,294	125,264	104,771
Other Revenue	-0	0	-	-0	-
Revenue	100,398	106,605	106,294	125,264	104,771
Revenue Growth (YoY)	-5.82%	0.29%	-15.14%	19.56%	35.49%
Cost of Revenue	95,069	107,366	101,566	107,763	95,360
Gross Profit	5,328	-760.81	4,728	17,501	9,411
Selling, General & Admin	2,677	2,444	3,430	2,712	3,483
Other Operating Expenses	-8.38	22.76	160.99	25.48	40.06
Operating Expenses	2,372	3,340	3,983	3,395	2,523
Operating Income	2,957	-4,101	744.86	14,106	6,888
Interest Expense	-299.9	-421.76	-534.12	-445.73	-265.37
Interest & Investment Income	73.03	126.53	114.07	79.11	88.83
Currency Exchange Gain (Loss)	-510.38	481.5	-82.35	-134.89	215.47
Other Non Operating Income (Expenses)	135.22	36.59	80.53	161.8	402.25
EBT Excluding Unusual Items	2,355	-3,878	323	13,766	7,329
Gain (Loss) on Sale of Investments	43.85	197.69	157.76	28.67	390.8
Gain (Loss) on Sale of Assets	10.91	4,898	180	2.26	7.16
Asset Writedown	2	-2	-342.63	-9.2	-643.86
Pretax Income	2,412	1,215	318.13	13,788	7,083
Income Tax Expense	443.02	-1,713	207.83	2,969	1,291
Net Income	1,969	2,928	110.3	10,819	5,793
Net Income to Common	1,969	2,928	110.3	10,819	5,793
Net Income Growth	-32.77%	2554.55%	-98.98%	86.77%	1084.47%
Shares Outstanding (Basic)	-	1	1	1	1
Shares Outstanding (Diluted)	-	1	1	1	1
EPS (Basic)	-	2410.09	90.79	8905.43	4768.04
EPS (Diluted)	-	2410.09	90.79	8905.43	4768.04
EPS Growth	-	2554.55%	-98.98%	86.77%	1084.47%
Free Cash Flow	-9,323	1,903	-13,477	13,207	-3,137
Free Cash Flow Per Share	-	1566.78	-11093.24	10870.74	-2582.13
Gross Margin	5.31%	-0.71%	4.45%	13.97%	8.98%
Operating Margin	2.94%	-3.85%	0.70%	11.26%	6.58%
Profit Margin	1.96%	2.75%	0.10%	8.64%	5.53%
Free Cash Flow Margin	-9.29%	1.79%	-12.68%	10.54%	-2.99%
EBITDA	3,823	-3,315	1,468	14,850	7,634
EBITDA Margin	3.81%	-3.11%	1.38%	11.86%	7.29%
D&A For EBITDA	866.14	786.01	722.65	744.55	745.5
EBIT	2,957	-4,101	744.86	14,106	6,888
EBIT Margin	2.94%	-3.85%	0.70%	11.26%	6.58%
Effective Tax Rate	18.37%	-	65.33%	21.53%	18.22%
Advertising Expenses	0.28	0.88	0.78	0.78	1.28

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