Source Fact: Korea Exchange (KOSCOM) / 2024-02-15
Disclosure Type: Correction Report (Change in Revenue or Profit/Loss Structure Exceeding 30% / 15% for Large Corporations)
💡 3-Second Summary
Hanwha Aerospace filed a correction report to fix a clerical error in its previous disclosure regarding the FY2023 profit structure change, correcting the previous fiscal year’s equity/capital ratio from 14,771% to 1,477%. FY2023 consolidated revenue stood at KRW 9.37T and operating profit at KRW 701.7B.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Correction Summary:
- Original Document: Change in Revenue or Profit/Loss Structure over 30% (15% for Large Corporations)
- Original Filing Date (Board Resolution Date): February 07, 2024
- Correction Date: February 15, 2024
- Reason for Correction: Correction of clerical error
- Corrected Item: Prior fiscal year Equity/Capital Ratio (%) (Before: 14,771% -> After: 1,477%)
- Revenue & Profit/Loss Variation Details (Consolidated K-IFRS / Original Unit: KRW 1,000):
- Revenue: Current (FY2023) KRW 9,365,966,194 thousand (approx. KRW 9.37T) / Prior (FY2022) KRW 6,539,605,818 thousand (approx. KRW 6.54T) / YoY Change +43.2%
- Operating Profit: Current KRW 701,699,930 thousand (approx. KRW 701.7B) / Prior KRW 377,215,127 thousand (approx. KRW 377.2B) / YoY Change +86.0%
- Pre-tax Profit from Continuing Operations: Current KRW 1,240,096,870 thousand (approx. KRW 1.24T) / Prior KRW 174,616,406 thousand (approx. KRW 174.6B) / YoY Change +610.2%
- Net Profit: Current KRW 998,416,673 thousand (approx. KRW 998.4B) / Prior KRW 152,027,955 thousand (approx. KRW 152.0B) / YoY Change +556.7%
- Large-scale Corporation Classification: Applicable
- Financial Status (Original Unit: KRW 1,000):
- Total Assets: Current KRW 19,532,043,809 thousand / Prior KRW 15,157,301,979 thousand
- Total Liabilities: Current KRW 14,843,407,803 thousand / Prior KRW 11,233,518,425 thousand
- Total Equity: Current KRW 4,688,636,006 thousand / Prior KRW 3,923,783,554 thousand
- Capital Stock: Current KRW 265,650,000 thousand / Prior KRW 265,650,000 thousand
- Total Equity / Capital Stock Ratio: Current 1,765% / Prior 1,477% (Corrected)
- Primary Causes of Change: Enhanced profitability driven by revenue growth, merger effects, and valuation gains from investee companies
- Board Resolution Date (Submission date of unaudited consolidated financials): February 07, 2024
- Important Notes: Figures represent preliminary unaudited consolidated financial metrics prepared under K-IFRS, subject to potential adjustments during external audit and AGM approval.
📈 2. [Expert Insight: What This Disclosure Means for Investors]
This filing is a correction report issued by Hanwha Aerospace to adjust a typographical error in a financial ratio from a disclosure originally filed on February 7, 2024, regarding FY2023 operating performance changes.
The modification specifically addresses the prior fiscal year’s Total Equity to Capital Stock ratio, correcting the typo from 14,771% to 1,477%. Core operational figures—such as FY2023 consolidated revenue of KRW 9.37 trillion (+43.2% YoY) and operating profit of KRW 701.7 billion (+86.0% YoY)—remain unchanged from the initial release. As these figures are pre-audit preliminary estimates, market participants should treat them as baseline metrics to verify against the finalized financial statements to be presented in the upcoming formal Audit Report.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has submitted a correction filing regarding its disclosure on 30%+ changes in revenue/profit structure to correct a typo in the previous year’s equity ratio.
From an analytical standpoint, key checkpoints include confirming the corrected equity ratio (1,477%) and noting that FY2023 consolidated revenue of KRW 9.37T and operating profit of KRW 701.7B represent unaudited preliminary figures awaiting final confirmation in the official audit report.
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Source: This content was newly structured and created based on official disclosure data from the Korea Exchange (KOSCOM/DART).
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