HS Hwasung 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	2015 - 2019
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	2015 - 2019
Operating Revenue	713,930	612,780	908,069	645,707	422,231	419,259	Upgrade
Other Revenue	-0	-	-	-0	-	0	Upgrade
Revenue	713,930	612,780	908,069	645,707	422,231	419,259	Upgrade
Revenue Growth (YoY)	4.05%	-32.52%	40.63%	52.93%	0.71%	-7.12%	Upgrade
Cost of Revenue	617,250	540,815	824,220	598,363	368,126	350,939	Upgrade
Gross Profit	96,679	71,965	83,848	47,343	54,105	68,320	Upgrade
Selling, General & Admin	42,100	40,865	38,389	29,011	21,913	24,297	Upgrade
Other Operating Expenses	3,310	3,327	2,931	2,316	1,957	1,944	Upgrade
Operating Expenses	50,109	48,231	58,595	32,798	25,474	28,048	Upgrade
Operating Income	46,570	23,734	25,254	14,545	28,631	40,273	Upgrade
Interest Expense	-9,792	-16,444	-15,939	-174.09	-56.6	-1,930	Upgrade
Interest & Investment Income	4,968	8,151	8,020	6,852	3,738	2,752	Upgrade
Earnings From Equity Investments	2,822	2,822	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	-9.62	-11.81	-	-	-	-	Upgrade
Other Non Operating Income (Expenses)	3,112	-2,073	1,608	1,344	-3,035	-5,607	Upgrade
EBT Excluding Unusual Items	47,671	16,179	18,942	22,568	29,278	35,487	Upgrade
Gain (Loss) on Sale of Investments	4,307	757.63	5,682	6,574	7,092	8,577	Upgrade
Gain (Loss) on Sale of Assets	1.5	237	-596.54	335.24	-86.59	60.92	Upgrade
Asset Writedown	-3	-1.5	-	-3	48.94	-833.05	Upgrade
Pretax Income	51,976	17,172	24,028	29,474	36,333	43,292	Upgrade
Income Tax Expense	14,632	3,705	4,820	6,802	6,654	10,365	Upgrade
Earnings From Continuing Operations	37,344	13,468	19,208	22,672	29,679	32,927	Upgrade
Net Income to Company	37,344	13,468	19,208	22,672	29,679	32,927	Upgrade
Minority Interest in Earnings	-4,145	-1,481	1,848	1,636	195.47	280.22	Upgrade
Net Income	33,199	11,987	21,056	24,309	29,874	33,207	Upgrade
Net Income to Common	33,199	11,987	21,056	24,309	29,874	33,207	Upgrade
Net Income Growth	-	-43.07%	-13.38%	-18.63%	-10.04%	332.80%	Upgrade
Shares Outstanding (Basic)	9	9	9	10	12	12	Upgrade
Shares Outstanding (Diluted)	9	9	9	10	12	12	Upgrade
Shares Change (YoY)	3.01%	1.31%	-10.06%	-16.01%	-	-	Upgrade
EPS (Basic)	3507.42	1293.24	2301.59	2389.92	2466.85	2742.09	Upgrade
EPS (Diluted)	3507.42	1293.24	2301.59	2389.92	2466.85	2742.00	Upgrade
EPS Growth	-	-43.81%	-3.70%	-3.12%	-10.04%	332.78%	Upgrade
Free Cash Flow	127,088	31,927	3,157	-190,146	-19,792	100,256	Upgrade
Free Cash Flow Per Share	13426.72	3444.60	345.10	-18694.39	-1634.36	8278.65	Upgrade
Dividend Per Share	500.000	500.000	500.000	500.000	1000.000	650.000	Upgrade
Dividend Growth	-	-	-	-50.00%	53.85%	30.00%	Upgrade
Gross Margin	13.54%	11.74%	9.23%	7.33%	12.81%	16.30%	Upgrade
Operating Margin	6.52%	3.87%	2.78%	2.25%	6.78%	9.61%	Upgrade
Profit Margin	4.65%	1.96%	2.32%	3.77%	7.07%	7.92%	Upgrade
Free Cash Flow Margin	17.80%	5.21%	0.35%	-29.45%	-4.69%	23.91%	Upgrade
EBITDA	53,789	32,095	36,353	25,133	33,264	42,764	Upgrade
EBITDA Margin	7.53%	5.24%	4.00%	3.89%	7.88%	10.20%	Upgrade
D&A For EBITDA	7,219	8,361	11,100	10,587	4,633	2,491	Upgrade
EBIT	46,570	23,734	25,254	14,545	28,631	40,273	Upgrade
EBIT Margin	6.52%	3.87%	2.78%	2.25%	6.78%	9.61%	Upgrade
Effective Tax Rate	28.15%	21.57%	20.06%	23.08%	18.31%	23.94%	Upgrade
Advertising Expenses	-	536.87	585.14	690.28	775.51	761.12	Upgrade

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