Changdae Precision Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	42,571	38,654	46,174	51,371
Other Revenue	0	0	-	-
Revenue	42,571	38,654	46,174	51,371
Revenue Growth (YoY)	10.13%	-16.29%	-10.12%	-
Cost of Revenue	34,868	31,812	39,617	42,990
Gross Profit	7,704	6,841	6,557	8,381
Selling, General & Admin	5,132	4,965	4,851	5,379
Research & Development	259.06	265.46	242.96	310.95
Other Operating Expenses	91.47	99.17	87.5	98.49
Operating Expenses	6,325	6,177	5,982	6,674
Operating Income	1,379	664.8	575.19	1,706
Interest Expense	-1,721	-1,077	-790.66	-609
Interest & Investment Income	0.79	1.49	9.93	47.53
Currency Exchange Gain (Loss)	60.37	297.11	324.12	-84.2
Other Non Operating Income (Expenses)	133.97	346.81	-86.28	73.84
EBT Excluding Unusual Items	-146.83	233.26	32.3	1,135
Gain (Loss) on Sale of Investments	324.43	-48.8	-0.02	25.86
Gain (Loss) on Sale of Assets	1.82	2.6	5.09	2.44
Pretax Income	179.43	187.06	37.36	1,163
Income Tax Expense	102.7	172.05	37.83	277.39
Net Income	76.73	15.02	-0.48	885.48
Net Income to Common	76.73	15.02	-0.48	885.48
Net Income Growth	410.91%	-	-	-
Shares Outstanding (Basic)	2	2	-	2
Shares Outstanding (Diluted)	2	2	-	2
Shares Change (YoY)	4.50%	-	-	-
EPS (Basic)	44.00	9.00	-	578.00
EPS (Diluted)	44.00	9.00	-	578.00
EPS Growth	388.89%	-	-	-
Free Cash Flow	704.05	-1,487	-5,039	-1,627
Free Cash Flow Per Share	403.73	-891.16	-	-1061.99
Gross Margin	18.10%	17.70%	14.20%	16.31%
Operating Margin	3.24%	1.72%	1.25%	3.32%
Profit Margin	0.18%	0.04%	-0.00%	1.72%
Free Cash Flow Margin	1.65%	-3.85%	-10.91%	-3.17%
EBITDA	4,619	3,804	4,214	5,341
EBITDA Margin	10.85%	9.84%	9.13%	10.40%
D&A For EBITDA	3,241	3,139	3,639	3,635
EBIT	1,379	664.8	575.19	1,706
EBIT Margin	3.24%	1.72%	1.25%	3.32%
Effective Tax Rate	57.24%	91.97%	101.28%	23.85%
Advertising Expenses	-	-	-	5.72

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