Hwaseung Corporation Co.,Ltd. (KRX:013520)

Hwaseung Corporation Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Other Revenue	-0	-	-0	-	-0	-
Revenue	1,780,716	1,698,396	1,634,052	1,585,376	1,399,821	1,313,327
Revenue Growth (YoY)	9.30%	3.94%	3.07%	13.26%	6.59%	-15.38%
Cost of Revenue	1,450,731	1,384,630	1,340,114	1,338,996	1,191,630	1,099,625
Gross Profit	329,985	313,766	293,938	246,380	208,191	213,703
Selling, General & Admin	185,333	176,494	173,859	169,021	155,098	149,659
Research & Development	32,076	31,968	25,954	18,102	19,477	25,535
Amortization of Goodwill & Intangibles	813.94	737.16	967.04	1,538	2,487	2,781
Other Operating Expenses	3,574	3,588	3,652	2,360	2,373	2,485
Operating Expenses	233,483	221,940	217,220	209,784	194,347	194,517
Operating Income	96,501	91,826	76,718	36,596	13,844	19,186
Interest Expense	-29,704	-33,861	-37,979	-30,192	-22,268	-25,153
Interest & Investment Income	4,267	4,577	4,544	3,549	2,821	2,286
Currency Exchange Gain (Loss)	9,899	14,252	4,210	298.83	-2,600	-4,071
Other Non Operating Income (Expenses)	-627.1	3,378	4,413	20,081	-10,407	-331.06
EBT Excluding Unusual Items	80,337	80,173	51,905	30,333	-18,611	-8,083
Gain (Loss) on Sale of Investments	9,324	3,338	4,896	2,259	1,442	-2,180
Gain (Loss) on Sale of Assets	1,573	8,058	-448.71	1,206	-1,060	-475.44
Asset Writedown	-12,886	-12,321	-6,114	-2,008	-13,423	-15,711
Other Unusual Items	-	-	-58.58	-24.45	-	-7.35
Pretax Income	78,348	79,248	50,180	31,765	-31,651	-26,457
Income Tax Expense	13,869	19,304	16,972	16,107	4,369	14,304
Earnings From Continuing Operations	64,479	59,945	33,208	15,658	-36,020	-40,760
Minority Interest in Earnings	-28,743	-33,256	-29,741	-12,866	-5,058	-569.61
Net Income	35,735	26,689	3,467	2,793	-41,078	-41,330
Net Income to Common	35,735	26,689	3,467	2,793	-41,078	-41,330
Net Income Growth	93.59%	669.73%	24.16%	-	-	-
Shares Outstanding (Basic)	46	44	44	44	47	44
Shares Outstanding (Diluted)	46	44	44	44	47	44
Shares Change (YoY)	3.06%	-	-	-5.78%	6.13%	-
EPS (Basic)	780.60	601.03	78.08	62.89	-871.60	-930.67
EPS (Diluted)	780.60	601.03	78.08	62.89	-871.60	-930.67
EPS Growth	87.84%	669.73%	24.16%	-	-	-
Free Cash Flow	60,301	-49,181	88,087	42,529	-50,165	24,002
Free Cash Flow Per Share	1317.21	-1107.55	1983.72	957.75	-1064.40	540.48
Dividend Per Share	75.000	75.000	50.000	50.000	25.000	34.487
Dividend Growth	50.00%	50.00%	-	100.00%	-27.51%	-
Gross Margin	18.53%	18.47%	17.99%	15.54%	14.87%	16.27%
Operating Margin	5.42%	5.41%	4.70%	2.31%	0.99%	1.46%
Profit Margin	2.01%	1.57%	0.21%	0.18%	-2.94%	-3.15%
Free Cash Flow Margin	3.39%	-2.90%	5.39%	2.68%	-3.58%	1.83%
EBITDA	147,951	142,908	125,320	88,723	72,653	80,916
EBITDA Margin	8.31%	8.41%	7.67%	5.60%	5.19%	6.16%
D&A For EBITDA	51,450	51,082	48,602	52,127	58,809	61,730
EBIT	96,501	91,826	76,718	36,596	13,844	19,186
EBIT Margin	5.42%	5.41%	4.70%	2.31%	0.99%	1.46%
Effective Tax Rate	17.70%	24.36%	33.82%	50.71%	-	-
Advertising Expenses	-	685.57	711.13	630.31	731.99	474.83

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.