Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor disclosed that its consolidated operating profit for 2023 surged 54.0% YoY to KRW 15.13T and sales increased 14.4% YoY to KRW 162.66T, driven by higher sales volume, improved product mix, and favorable exchange rates.
📊 [Key Disclosure Content & Financial Highlights]
1. Profit/Loss Structure Changes (Consolidated Basis)
- Sales Revenue: KRW 162.66T (KRW 162,663,579,000,000) / +14.4% YoY (Increase: KRW 20.51T)
- Operating Profit: KRW 15.13T (KRW 15,126,901,000,000) / +54.0% YoY (Increase: KRW 5.30T)
- Profit Before Income Tax Expenses: KRW 17.62T (KRW 17,618,662,000,000) / +57.6% YoY (Increase: KRW 6.44T)
- Net Profit: KRW 12.27T (KRW 12,272,301,000,000) / +53.7% YoY (Increase: KRW 4.29T)
2. Financial Position (Consolidated Basis)
- Total Assets: KRW 282.46T (KRW 282,463,355,000,000) / Previous Year: KRW 255.74T
- Total Liabilities: KRW 180.65T (KRW 180,653,915,000,000) / Previous Year: KRW 164.85T
- Total Equity: KRW 101.81T (KRW 101,809,440,000,000) / Previous Year: KRW 90.90T
- Total Equity Controlling Interest: KRW 92.50T (KRW 92,497,310,000,000)
- Separate Sales Revenue: KRW 78.03T (KRW 78,033,758,000,000)
3. Main Reasons for Changes & Other Key Details
- Main Reasons: Increase in sales volume, mix improvement, and favorable foreign exchange rates led to gains in operating profit, profit before tax, and net profit
- Board Resolution Date: January 25, 2024 (7 Outside Directors attended)
- Prior Year Adjustment: Comparative figures for the previous fiscal year were adjusted to reflect the sale of the equity stake in the Russian subsidiary (LLC HYUNDAI MOTOR MANUFACTURING RUS)
- Audit Status: Figures are provisional and subject to potential adjustments pending completion of the external audit
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of External Audit Results and Final Audit Report
This disclosure presents provisional financial results prior to the completion of the external audit. Verifying whether any figures are adjusted during the audit process is important for accurately confirming the final finalized figures. Confirmed figures can be verified in the upcoming ‘Submission of Audit Report’ disclosure and the annual report.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on officially submitted data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided strictly for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial liabilities rest entirely with the individual investor.
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