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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	351,684	384,796	410,054	250,381	285,565	295,856
Other Revenue	-0	-0	-	-	-	-
Revenue	351,684	384,796	410,054	250,381	285,565	295,856
Revenue Growth (YoY)	-6.31%	-6.16%	63.77%	-12.32%	-3.48%	35.58%
Cost of Revenue	291,236	328,662	362,983	228,245	266,701	271,761
Gross Profit	60,448	56,134	47,070	22,135	18,864	24,095
Selling, General & Admin	19,927	20,770	21,042	17,510	16,828	13,929
Research & Development	269.91	213.87	38.33	70.93	90.32	-
Other Operating Expenses	644.18	653.38	365.21	271.79	158.93	236.69
Operating Expenses	22,171	22,580	22,466	19,725	17,973	14,740
Operating Income	38,277	33,555	24,605	2,410	891.12	9,355
Interest Expense	-12,116	-12,374	-8,708	-5,838	-5,559	-6,197
Interest & Investment Income	2,316	1,571	1,304	258.59	963.28	963.84
Earnings From Equity Investments	-	-	-	-	-	359.44
Currency Exchange Gain (Loss)	149.25	2,043	594.16	1,543	-254.05	632.15
Other Non Operating Income (Expenses)	2,560	1,729	497.62	-10,396	-1,208	-1,233
EBT Excluding Unusual Items	31,187	26,523	18,293	-12,023	-5,167	3,880
Gain (Loss) on Sale of Investments	-275.5	-908.02	148.25	1,798	-279.82	-
Gain (Loss) on Sale of Assets	43.6	-77.85	1.53	33,769	10,961	-0
Asset Writedown	-	288.47	-1,086	-	-	-
Pretax Income	30,955	25,826	17,357	23,544	5,515	3,880
Income Tax Expense	3,229	2,460	3,284	9,484	2,231	783.75
Earnings From Continuing Operations	27,726	23,366	14,073	14,060	3,284	3,096
Earnings From Discontinued Operations	-12,436	-635.65	-715.04	-	-	-
Net Income to Company	15,289	22,730	13,358	14,060	3,284	3,096
Minority Interest in Earnings	-11,711	-5,609	-1,744	2,320	-1,432	-729.42
Net Income	3,578	17,122	11,614	16,380	1,852	2,367
Net Income to Common	3,578	17,122	11,614	16,380	1,852	2,367
Net Income Growth	-77.38%	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)	2.53%	0.01%	-0.47%	-0.98%	-2.02%	-1.23%
EPS (Basic)	63.57	311.88	211.57	297.00	33.25	41.64
EPS (Diluted)	63.57	311.88	211.57	297.00	33.25	41.64
EPS Growth	-77.94%	47.41%	-28.76%	793.26%	-20.14%	35.54%
Free Cash Flow	34,486	25,928	-15,833	-8,856	7,727	-8,980
Free Cash Flow Per Share	612.69	472.29	-288.44	-160.58	138.72	-157.95
Dividend Per Share	200.000	200.000	-	-	-	-
Gross Margin	17.19%	14.59%	11.48%	8.84%	6.61%	8.14%
Operating Margin	10.88%	8.72%	6.00%	0.96%	0.31%	3.16%
Profit Margin	1.02%	4.45%	2.83%	6.54%	0.65%	0.80%
Free Cash Flow Margin	9.81%	6.74%	-3.86%	-3.54%	2.71%	-3.04%
EBITDA	46,464	43,153	32,645	10,797	9,951	18,528
EBITDA Margin	13.21%	11.21%	7.96%	4.31%	3.48%	6.26%
D&A For EBITDA	8,186	9,599	8,040	8,387	9,060	9,174
EBIT	38,277	33,555	24,605	2,410	891.12	9,355
EBIT Margin	10.88%	8.72%	6.00%	0.96%	0.31%	3.16%
Effective Tax Rate	10.43%	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.