Sejin Heavy Industries Co., Ltd. (KRX: 075580)

Sejin Heavy Industries 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	-	384,796	410,054	250,381	285,565	295,856
Other Revenue	-0	-0	-	-	-	-
Revenue	359,519	384,796	410,054	250,381	285,565	295,856
Revenue Growth (YoY)	-3.69%	-6.16%	63.77%	-12.32%	-3.48%	35.58%
Cost of Revenue	305,671	328,662	362,983	228,245	266,701	271,761
Gross Profit	53,848	56,134	47,070	22,135	18,864	24,095
Selling, General & Admin	20,756	20,770	21,042	17,510	16,828	13,929
Research & Development	250.88	213.87	38.33	70.93	90.32	-
Other Operating Expenses	643.8	653.38	365.21	271.79	158.93	236.69
Operating Expenses	22,865	22,580	22,466	19,725	17,973	14,740
Operating Income	30,982	33,555	24,605	2,410	891.12	9,355
Interest Expense	-12,281	-12,374	-8,708	-5,838	-5,559	-6,197
Interest & Investment Income	1,908	1,571	1,304	258.59	963.28	963.84
Earnings From Equity Investments	-	-	-	-	-	359.44
Currency Exchange Gain (Loss)	1,236	2,043	594.16	1,543	-254.05	632.15
Other Non Operating Income (Expenses)	2,297	1,729	497.62	-10,396	-1,208	-1,233
EBT Excluding Unusual Items	24,143	26,523	18,293	-12,023	-5,167	3,880
Gain (Loss) on Sale of Investments	-347.61	-908.02	148.25	1,798	-279.82	-
Gain (Loss) on Sale of Assets	43.1	-77.85	1.53	33,769	10,961	-0
Asset Writedown	288.47	288.47	-1,086	-	-	-
Pretax Income	24,127	25,826	17,357	23,544	5,515	3,880
Income Tax Expense	4,316	2,460	3,284	9,484	2,231	783.75
Earnings From Continuing Operations	19,810	23,366	14,073	14,060	3,284	3,096
Earnings From Discontinued Operations	-155.41	-635.65	-715.04	-	-	-
Net Income to Company	19,655	22,730	13,358	14,060	3,284	3,096
Minority Interest in Earnings	-10,252	-5,609	-1,744	2,320	-1,432	-729.42
Net Income	9,402	17,122	11,614	16,380	1,852	2,367
Net Income to Common	9,402	17,122	11,614	16,380	1,852	2,367
Net Income Growth	-40.96%	47.43%	-29.10%	784.47%	-21.76%	33.87%
Shares Outstanding (Basic)	56	55	55	55	56	57
Shares Outstanding (Diluted)	56	55	55	55	56	57
Shares Change (YoY)	1.47%	0.01%	-0.47%	-0.98%	-2.02%	-1.23%
EPS (Basic)	168.65	311.88	211.57	297.00	33.25	41.64
EPS (Diluted)	168.65	311.88	211.57	297.00	33.25	41.64
EPS Growth	-41.81%	47.41%	-28.76%	793.26%	-20.14%	35.54%
Free Cash Flow	12,299	25,928	-15,833	-8,856	7,727	-8,980
Free Cash Flow Per Share	220.61	472.29	-288.44	-160.58	138.72	-157.95
Dividend Per Share	200.000	200.000	-	-	-	-
Gross Margin	14.98%	14.59%	11.48%	8.84%	6.61%	8.14%
Operating Margin	8.62%	8.72%	6.00%	0.96%	0.31%	3.16%
Profit Margin	2.62%	4.45%	2.83%	6.54%	0.65%	0.80%
Free Cash Flow Margin	3.42%	6.74%	-3.86%	-3.54%	2.71%	-3.04%
EBITDA	40,752	43,153	32,645	10,797	9,951	18,528
EBITDA Margin	11.34%	11.21%	7.96%	4.31%	3.48%	6.26%
D&A For EBITDA	9,769	9,599	8,040	8,387	9,060	9,174
EBIT	30,982	33,555	24,605	2,410	891.12	9,355
EBIT Margin	8.62%	8.72%	6.00%	0.96%	0.31%	3.16%
Effective Tax Rate	17.89%	9.53%	18.92%	40.28%	40.45%	20.20%
Advertising Expenses	-	245.18	229.9	99.24	53.8	64.54

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