HWASEUNG Industries Co.,Ltd. (KRX: 006060)

HWASEUNG Industries 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	1,711,296	1,466,551	1,912,956	1,365,518	1,298,774	1,425,876
Other Revenue	0	-	-0	-	-	-
Revenue	1,711,296	1,466,551	1,912,956	1,365,518	1,298,774	1,425,876
Revenue Growth (YoY)	12.54%	-23.34%	40.09%	5.14%	-8.91%	28.24%
Cost of Revenue	1,431,377	1,238,237	1,637,773	1,191,037	1,080,214	1,180,949
Gross Profit	279,919	228,314	275,183	174,480	218,560	244,928
Selling, General & Admin	169,401	168,115	173,045	131,574	117,332	117,938
Research & Development	12,414	17,977	11,294	10,113	3,466	240.66
Other Operating Expenses	2,233	2,339	3,002	2,649	2,292	1,812
Operating Expenses	198,532	203,592	201,902	157,344	136,217	132,315
Operating Income	81,386	24,722	73,281	17,136	82,343	112,613
Interest Expense	-46,118	-48,013	-28,288	-14,806	-17,250	-20,508
Interest & Investment Income	1,946	7,640	4,948	2,545	2,258	2,397
Earnings From Equity Investments	-967.28	-11.35	-414.76	-237.36	-63.31	-55.66
Currency Exchange Gain (Loss)	1,778	3,303	-24,059	8,585	-2,734	5,990
Other Non Operating Income (Expenses)	-10,870	-3,005	-1,356	2,432	-712.87	1,054
EBT Excluding Unusual Items	27,155	-15,364	24,111	15,654	63,840	101,491
Gain (Loss) on Sale of Investments	-	-	-	-1,626	245.61	-
Gain (Loss) on Sale of Assets	-918.09	-4,187	-3,721	82.57	-1,029	-33.33
Asset Writedown	180.96	180.96	-	-1,265	-1,438	-1,474
Pretax Income	26,418	-19,371	20,390	12,845	61,618	99,983
Income Tax Expense	15,032	13,129	20,306	17,049	11,700	19,105
Earnings From Continuing Operations	11,387	-32,499	84.44	-4,203	49,917	80,878
Minority Interest in Earnings	1,624	7,513	771.81	2,109	-12,571	-21,928
Net Income	13,011	-24,986	856.26	-2,094	37,346	58,951
Net Income to Common	13,011	-24,986	856.26	-2,094	37,346	58,951
Net Income Growth	-	-	-	-	-36.65%	190.22%
Shares Outstanding (Basic)	49	50	51	53	54	54
Shares Outstanding (Diluted)	49	50	51	53	54	54
Shares Change (YoY)	-99.87%	-2.98%	-3.10%	-1.20%	-0.83%	-1.84%
EPS (Basic)	263.01	-502.67	16.71	-39.61	697.87	1092.42
EPS (Diluted)	263.01	-503.00	16.71	-40.00	697.87	1092.00
EPS Growth	-	-	-	-	-36.09%	195.53%
Free Cash Flow	71,359	15,766	-22,124	-97,083	1,750	11,672
Free Cash Flow Per Share	1442.53	317.17	-431.82	-1836.12	32.69	216.29
Dividend Per Share	188.000	188.000	-	188.000	188.000	45.000
Dividend Growth	-	-	-	0%	317.78%	-
Gross Margin	16.36%	15.57%	14.39%	12.78%	16.83%	17.18%
Operating Margin	4.76%	1.69%	3.83%	1.25%	6.34%	7.90%
Profit Margin	0.76%	-1.70%	0.04%	-0.15%	2.88%	4.13%
Free Cash Flow Margin	4.17%	1.08%	-1.16%	-7.11%	0.13%	0.82%
EBITDA	162,739	107,544	158,451	88,223	147,277	167,413
EBITDA Margin	9.51%	7.33%	8.28%	6.46%	11.34%	11.74%
D&A For EBITDA	81,352	82,823	85,171	71,087	64,934	54,800
EBIT	81,386	24,722	73,281	17,136	82,343	112,613
EBIT Margin	4.76%	1.69%	3.83%	1.25%	6.34%	7.90%
Effective Tax Rate	56.90%	-	99.59%	132.72%	18.99%	19.11%
Advertising Expenses	-	703.99	708.3	460.62	342.96	608.47

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