Hwaseung R&A Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	707,131	680,652	657,928	606,909
Other Revenue	-0	-0	-0	0
Revenue	707,131	680,652	657,928	606,909
Revenue Growth (YoY)	3.89%	3.45%	8.41%	-
Cost of Revenue	578,165	557,816	562,552	518,736
Gross Profit	128,965	122,836	95,375	88,173
Selling, General & Admin	58,256	55,360	56,343	51,478
Research & Development	25,954	22,004	16,146	17,600
Other Operating Expenses	747.87	676.35	720.81	906.52
Operating Expenses	97,467	91,103	80,216	78,437
Operating Income	31,498	31,733	15,159	9,736
Interest Expense	-10,036	-11,075	-9,286	-6,883
Interest & Investment Income	361.54	359.52	79.9	53.45
Currency Exchange Gain (Loss)	10,774	2,692	4,656	4,677
Other Non Operating Income (Expenses)	3,084	2,096	1,811	881.93
EBT Excluding Unusual Items	35,682	25,806	12,421	8,466
Gain (Loss) on Sale of Investments	5,052	5,931	2,501	-
Gain (Loss) on Sale of Assets	2,186	400.66	986.06	150.64
Asset Writedown	-517.29	-416.47	-447.07	12.47
Other Unusual Items	-	-58.58	-	-
Pretax Income	42,402	31,662	15,461	8,629
Income Tax Expense	9,979	7,453	2,776	1,798
Net Income	32,423	24,209	12,685	6,832
Net Income to Common	32,423	24,209	12,685	6,832
Net Income Growth	33.93%	90.85%	85.67%	-
Shares Outstanding (Basic)	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19
Shares Change (YoY)	0.03%	-0.02%	-	-
EPS (Basic)	1707.00	1275.00	667.93	359.73
EPS (Diluted)	1707.00	1275.00	667.93	359.73
EPS Growth	33.88%	90.89%	85.67%	-
Free Cash Flow	-27,084	39,611	21,450	27,942
Free Cash Flow Per Share	-1425.92	2086.17	1129.48	1471.34
Dividend Per Share	-	-	50.000	30.000
Dividend Growth	-	-	66.67%	-
Gross Margin	18.24%	18.05%	14.50%	14.53%
Operating Margin	4.45%	4.66%	2.30%	1.60%
Profit Margin	4.58%	3.56%	1.93%	1.13%
Free Cash Flow Margin	-3.83%	5.82%	3.26%	4.60%
EBITDA	50,175	50,356	35,778	32,023
EBITDA Margin	7.10%	7.40%	5.44%	5.28%
D&A For EBITDA	18,676	18,623	20,618	22,286
EBIT	31,498	31,733	15,159	9,736
EBIT Margin	4.45%	4.66%	2.30%	1.60%
Effective Tax Rate	23.54%	23.54%	17.95%	20.83%
Advertising Expenses	69.91	63.12	73.91	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.