Source Fact: Financial Supervisory Service DART / 2025-03-12
Disclosure Type: Submission of Audit Report
💡 3-Second Summary
Hanwha Ocean has submitted its FY2024 audit report verified with an ‘Unqualified’ opinion from Samil PricewaterhouseCoopers, officially recording a turnaround to profit with a consolidated revenue of approximately KRW 10.78 trillion and an operating profit of KRW 237.9 billion.
📊 1. [Summary of Key Disclosure Content and Major Figures]
- Name of External Auditor: Samil PricewaterhouseCoopers
- Date of Receipt of Audit Report: March 12, 2025
- Audit Opinion (Consolidated & Separate): Unqualified (Appropriate) [No issues regarding going concern uncertainties or embezzlement/breach of trust]
- Negative Internal Accounting Control System Audit (Review) Opinion: Not applicable (Same for consolidated and separate statements)
- Major Consolidated Financial and Income Metrics for the Current Fiscal Year:
- Total Assets: KRW 17,843,809,161,295 (Approximately KRW 17.84T) [Previous: ~KRW 13.94T]
- Total Liabilities: KRW 12,980,459,270,570 (Approximately KRW 12.98T) [Previous: ~KRW 9.63T]
- Total Equity: KRW 4,863,349,890,725 (Approximately KRW 4.86T) [Previous: ~KRW 4.31T]
- Revenue: KRW 10,776,004,933,627 (Approximately KRW 10.78T) [Previous: ~KRW 7.41T]
- Operating Profit: KRW 237,876,379,317 (Approximately KRW 237.9B) [Previous: -KRW 196,498,300,366, Turned to profit]
- Net Income: KRW 528,212,898,147 (Approximately KRW 528.2B) [Previous: ~KRW 160.0B]
- Major Separate Financial and Income Metrics for the Current Fiscal Year:
- Total Assets: KRW 17,407,209,942,884 / Total Liabilities: KRW 12,892,016,666,182 / Total Equity: KRW 4,515,193,276,702
- Revenue: KRW 10,764,756,994,564 / Operating Profit: KRW 210,774,153,600 / Net Income: KRW 497,550,275,752
- Other Details: Prepared in accordance with K-IFRS, number of consolidated subsidiaries stands at 16
📈 2. [Expert View: What This Disclosure Means for Investors]
This disclosure represents an official statutory requirement notifying that Hanwha Ocean has concluded its closing audit process for the FY2024 financial statements with Samil PricewaterhouseCoopers. According to the quantitative figures provided, the consolidated revenue for the current fiscal year increased compared to the previous period to reach KRW 10.78T, and the consolidated operating profit was finalized at KRW 237.9B, establishing a factual turnaround from the previous year’s loss of KRW 196.5B.
On the balance sheet, the consolidated total equity was tabulated at KRW 4.86T, and the item concerning a negative internal accounting control system audit or review opinion was designated as “Not applicable” for both the consolidated and separate financial statements. According to the notes within the document, these financial statements from the audit report are subject to change during the upcoming annual general meeting of shareholders as they have not yet been approved and finalized. The official disclosure does not state how this turnaround to profit will impact detailed subsequent stock price trends or specific contract margin structures. Therefore, uncertain future outcomes cannot be concluded as facts, and investors should interpret this disclosure focusing strictly on the confirmed quantitative shifts in the accounting metrics compared to the prior year.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Ocean’s recent disclosure establishes the presentation of verified financial parameters for the FY2024 closing upon completion of the external audit. Both consolidated and separate audit metrics satisfied the unqualified standards, and the explicit recording of an operating profit of KRW 237.9B alongside consolidated revenues surpassing KRW 10T has been officially submitted.
The primary variable and checkpoint that investors need to keep in mind moving forward are potential adjustments to the disclosed numbers during the formal general meeting of shareholders. As specified in the notes, these audited figures are subject to potential revision depending on the final approval process by the shareholders. Since specific internal or external drivers of the earnings changes or quantitative guidance for FY2025 are not specified in the original text, over-optimism derived from external assumptions should be avoided, and investors should rely strictly on subsequent official general meeting updates and finalized accounting statements as their primary checkpoints.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service electronic disclosure system (DART).
Investment Risk Notice: This information is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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