Sangsin Brake Co., Ltd. (KRX: 041650)

Sangsin Brake 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	595,344	575,491	489,015	397,023	349,042	391,906
Other Revenue	0	-	-0	-	-	-
Revenue	595,344	575,491	489,015	397,023	349,042	391,906
Revenue Growth (YoY)	12.17%	17.68%	23.17%	13.75%	-10.94%	3.49%
Cost of Revenue	477,829	464,914	391,274	314,751	278,085	306,381
Gross Profit	117,515	110,577	97,741	82,272	70,956	85,525
Selling, General & Admin	62,696	58,839	60,715	47,568	41,933	47,907
Research & Development	17,635	16,722	16,339	14,834	14,164	14,977
Other Operating Expenses	1,379	1,304	1,321	1,488	1,241	1,484
Operating Expenses	87,672	83,032	83,660	70,070	63,099	69,829
Operating Income	29,843	27,544	14,081	12,202	7,858	15,695
Interest Expense	-13,739	-13,624	-8,283	-5,033	-5,788	-6,802
Interest & Investment Income	555.76	520.3	359.75	250.82	333.85	357.76
Earnings From Equity Investments	63.74	32.69	23.64	20.64	24.86	17.64
Currency Exchange Gain (Loss)	5,593	1,657	-2,035	4,926	-2,925	955.96
Other Non Operating Income (Expenses)	2,579	1,638	2,552	2,325	2,601	2,523
EBT Excluding Unusual Items	24,896	17,768	6,698	14,692	2,105	12,748
Gain (Loss) on Sale of Assets	-195.2	47.43	118.58	81.71	13.92	74.7
Pretax Income	24,701	17,816	6,816	14,774	2,119	12,823
Income Tax Expense	2,842	3,642	5,952	4,398	4,442	7,332
Earnings From Continuing Operations	21,859	14,174	864.46	10,375	-2,323	5,491
Minority Interest in Earnings	-712.57	-114.72	-146.78	-583.3	-339.09	-1,433
Net Income	21,146	14,059	717.69	9,792	-2,662	4,057
Net Income to Common	21,146	14,059	717.69	9,792	-2,662	4,057
Net Income Growth	354.35%	1858.99%	-92.67%	-	-	-50.49%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
EPS (Basic)	1092.25	726.20	37.07	505.77	-137.48	209.57
EPS (Diluted)	1092.25	726.20	37.07	505.77	-137.48	209.57
EPS Growth	354.35%	1858.99%	-92.67%	-	-	-50.49%
Free Cash Flow	33,798	2,006	-35,408	-3,393	1,031	-12,924
Free Cash Flow Per Share	1745.75	103.62	-1828.91	-175.25	53.24	-667.57
Dividend Per Share	110.000	110.000	-	-	50.000	100.000
Dividend Growth	-	-	-	-	-50.00%	0%
Gross Margin	19.74%	19.21%	19.99%	20.72%	20.33%	21.82%
Operating Margin	5.01%	4.79%	2.88%	3.07%	2.25%	4.00%
Profit Margin	3.55%	2.44%	0.15%	2.47%	-0.76%	1.04%
Free Cash Flow Margin	5.68%	0.35%	-7.24%	-0.85%	0.30%	-3.30%
EBITDA	54,187	52,111	37,517	33,846	29,798	37,808
EBITDA Margin	9.10%	9.05%	7.67%	8.52%	8.54%	9.65%
D&A For EBITDA	24,344	24,567	23,436	21,644	21,940	22,113
EBIT	29,843	27,544	14,081	12,202	7,858	15,695
EBIT Margin	5.01%	4.79%	2.88%	3.07%	2.25%	4.00%
Effective Tax Rate	11.50%	20.44%	87.32%	29.77%	209.61%	57.18%
Advertising Expenses	-	2,016	1,729	1,223	1,296	1,510

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