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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	591,327	575,491	489,015	397,023	349,042	391,906
Other Revenue	-	-	-0	-	-	-
Revenue	591,327	575,491	489,015	397,023	349,042	391,906
Revenue Growth (YoY)	7.49%	17.68%	23.17%	13.75%	-10.94%	3.49%
Cost of Revenue	475,099	464,914	391,274	314,751	278,085	306,381
Gross Profit	116,228	110,577	97,741	82,272	70,956	85,525
Selling, General & Admin	64,697	58,839	60,715	47,568	41,933	47,907
Research & Development	18,252	16,722	16,339	14,834	14,164	14,977
Other Operating Expenses	1,453	1,304	1,321	1,488	1,241	1,484
Operating Expenses	90,230	83,032	83,660	70,070	63,099	69,829
Operating Income	25,999	27,544	14,081	12,202	7,858	15,695
Interest Expense	-13,333	-13,624	-8,283	-5,033	-5,788	-6,802
Interest & Investment Income	605.35	520.3	359.75	250.82	333.85	357.76
Earnings From Equity Investments	15.55	32.69	23.64	20.64	24.86	17.64
Currency Exchange Gain (Loss)	-1,619	1,657	-2,035	4,926	-2,925	955.96
Other Non Operating Income (Expenses)	3,280	1,638	2,552	2,325	2,601	2,523
EBT Excluding Unusual Items	14,947	17,768	6,698	14,692	2,105	12,748
Gain (Loss) on Sale of Assets	-93.69	47.43	118.58	81.71	13.92	74.7
Pretax Income	14,854	17,816	6,816	14,774	2,119	12,823
Income Tax Expense	990.29	3,642	5,952	4,398	4,442	7,332
Earnings From Continuing Operations	13,863	14,174	864.46	10,375	-2,323	5,491
Minority Interest in Earnings	-936.01	-114.72	-146.78	-583.3	-339.09	-1,433
Net Income	12,927	14,059	717.69	9,792	-2,662	4,057
Net Income to Common	12,927	14,059	717.69	9,792	-2,662	4,057
Net Income Growth	439.57%	1858.99%	-92.67%	-	-	-50.49%
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	0.15%	-	-	-	-	-
EPS (Basic)	667.11	726.20	37.07	505.77	-137.48	209.57
EPS (Diluted)	667.11	726.20	37.07	505.77	-137.48	209.57
EPS Growth	438.79%	1858.99%	-92.67%	-	-	-50.49%
Free Cash Flow	26,833	2,006	-35,408	-3,393	1,031	-12,924
Free Cash Flow Per Share	1384.71	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	19.66%	19.21%	19.99%	20.72%	20.33%	21.82%
Operating Margin	4.40%	4.79%	2.88%	3.07%	2.25%	4.00%
Profit Margin	2.19%	2.44%	0.15%	2.47%	-0.76%	1.04%
Free Cash Flow Margin	4.54%	0.35%	-7.24%	-0.85%	0.30%	-3.30%
EBITDA	49,849	52,111	37,517	33,846	29,798	37,808
EBITDA Margin	8.43%	9.05%	7.67%	8.52%	8.54%	9.65%
D&A For EBITDA	23,850	24,567	23,436	21,644	21,940	22,113
EBIT	25,999	27,544	14,081	12,202	7,858	15,695
EBIT Margin	4.40%	4.79%	2.88%	3.07%	2.25%	4.00%
Effective Tax Rate	6.67%	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.