Dongwon Systems Corporation (KRX:014820)

Dongwon Systems 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,361,963	1,334,257	1,276,651	1,436,999	1,250,882	1,078,540
Other Revenue	0	-0	-	-	-	-
Revenue	1,361,963	1,334,257	1,276,651	1,436,999	1,250,882	1,078,540
Revenue Growth (YoY)	8.24%	4.51%	-11.16%	14.88%	15.98%	3.47%
Cost of Revenue	1,195,296	1,166,399	1,123,934	1,274,319	1,095,376	925,702
Gross Profit	166,667	167,858	152,717	162,681	155,506	152,837
Selling, General & Admin	60,405	58,392	57,591	58,524	51,246	43,932
Research & Development	11,980	11,704	8,762	5,327	4,425	3,915
Other Operating Expenses	464.74	532.04	484.33	413.22	327.71	394.96
Operating Expenses	78,279	75,954	71,866	70,842	65,509	55,165
Operating Income	88,388	91,905	80,851	91,839	89,997	97,672
Interest Expense	-21,469	-21,849	-22,553	-15,410	-11,128	-10,095
Interest & Investment Income	5,747	5,554	6,094	2,713	1,851	2,193
Earnings From Equity Investments	1,997	2,126	4,354	2,333	5,043	-
Currency Exchange Gain (Loss)	4,486	6,000	1,622	696.06	2,168	-1,744
Other Non Operating Income (Expenses)	1,493	-501.46	-536.93	-180.17	201.23	491.59
EBT Excluding Unusual Items	80,641	83,233	69,831	81,992	88,132	88,518
Impairment of Goodwill	-	-	-	-4,795	-21,480	-1,943
Gain (Loss) on Sale of Investments	243.39	243.39	-34.25	662.5	585.81	143.08
Gain (Loss) on Sale of Assets	-41.96	-349.29	-238.69	845.84	-1,779	-1,118
Asset Writedown	-7.69	-12.48	-	-10.35	-227.38	-271.9
Pretax Income	80,835	83,115	69,558	78,695	65,232	85,327
Income Tax Expense	13,206	10,600	5,207	6,360	17,097	23,692
Earnings From Continuing Operations	67,630	72,515	64,350	72,335	48,135	61,635
Net Income to Company	67,630	72,515	64,350	72,335	48,135	61,635
Minority Interest in Earnings	-93.14	-100.86	-149.57	1.93	-8,263	-10,158
Net Income	67,536	72,414	64,201	72,337	39,871	51,477
Preferred Dividends & Other Adjustments	765.82	666.82	-	-	-	-
Net Income to Common	66,771	71,747	64,201	72,337	39,871	51,477
Net Income Growth	1.12%	12.79%	-11.25%	81.42%	-22.55%	34.91%
Shares Outstanding (Basic)	29	29	29	29	27	26
Shares Outstanding (Diluted)	29	29	29	29	27	26
Shares Change (YoY)	-	-	-	10.04%	3.50%	-
EPS (Basic)	2282.34	2452.44	2194.50	2472.59	1499.70	2004.02
EPS (Diluted)	2282.34	2452.44	2194.50	2472.59	1499.70	2004.02
EPS Growth	-0.03%	11.75%	-11.25%	64.87%	-25.16%	34.91%
Free Cash Flow	88,852	79,823	72,477	117,018	9,152	13,094
Free Cash Flow Per Share	3037.10	2728.51	2477.38	3999.89	344.22	509.74
Dividend Per Share	600.000	600.000	600.000	600.000	600.000	600.000
Dividend Growth	-	-	-	-	-	20.00%
Gross Margin	12.24%	12.58%	11.96%	11.32%	12.43%	14.17%
Operating Margin	6.49%	6.89%	6.33%	6.39%	7.20%	9.06%
Profit Margin	4.90%	5.38%	5.03%	5.03%	3.19%	4.77%
Free Cash Flow Margin	6.52%	5.98%	5.68%	8.14%	0.73%	1.21%
EBITDA	181,525	182,062	159,927	170,478	158,919	153,922
EBITDA Margin	13.33%	13.64%	12.53%	11.86%	12.71%	14.27%
D&A For EBITDA	93,137	90,157	79,076	78,639	68,921	56,249
EBIT	88,388	91,905	80,851	91,839	89,997	97,672
EBIT Margin	6.49%	6.89%	6.33%	6.39%	7.20%	9.06%
Effective Tax Rate	16.34%	12.75%	7.49%	8.08%	26.21%	27.77%
Advertising Expenses	-	159.07	223.18	140.88	176.09	39.25

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.