Fact Source: Financial Supervisory Service DART / 2025-02-07
Disclosure Type: Changes in Sales or Profit/Loss Structure Exceeding 30% (15% for Large Corporations)
💡 Summary in 3 Seconds
Hanwha Systems reported FY2024 consolidated revenue of KRW 2.80T (+14.3% YoY) and operating profit of KRW 219.3B (+78.9% YoY). Growth was primarily driven by an increased order backlog, operating margin expansion, and valuation gains from investees.
📊 1. [Key Disclosure Details & Financial Highlights]
- Reporting Period: FY2024 (2024-01-01 ~ 2024-12-31)
- Revenue: KRW 2,803,686,058 thousand (approx. KRW 2.80T)
- YoY: +14.3% (+KRW 351,191,192 thousand vs. FY2023: KRW 2.45T)
- Operating Profit: KRW 219,345,298 thousand (approx. KRW 219.3B)
- YoY: +78.9% (+KRW 96,770,157 thousand vs. FY2023: KRW 122.6B)
- Pre-tax Profit from Continuing Operations: KRW 581,412,934 thousand (approx. KRW 581.4B)
- YoY: +31.0% (+KRW 137,553,811 thousand vs. FY2023: KRW 443.9B)
- Net Profit: KRW 445,245,713 thousand (approx. KRW 445.2B)
- YoY: +29.8% (+KRW 102,162,424 thousand vs. FY2023: KRW 343.1B)
- Primary Drivers of Variance:
- Revenue: Top-line growth driven by cumulative order intake expansion.
- Operating/Net Profit: Operating margin improvement from revenue expansion and increased valuation gains from investee companies.
- Financial Position (Consolidated):
- Total Assets: KRW 5,723,876,986 thousand (+27.7% YoY)
- Total Liabilities: KRW 3,307,593,220 thousand (+42.0% YoY)
- Total Equity: KRW 2,416,283,766 thousand (+12.2% YoY)
- Other Notes: Figures represent internal settlement data prior to external audit completion and remain subject to adjustment upon final audit and AGM approval.
📈 2. [Professional Insight: What This Means for Investors]
This filing reflects Hanwha Systems’ disclosure of significant variance in its FY2024 financial performance under regulatory thresholds (>15% for large corporations).
From a financial perspective, top-line revenue expanded by 14.3% YoY to KRW 2.80T, propelled by steady order backlog conversion. This scale effect boosted operating efficiency, driving a 78.9% YoY surge in operating profit to KRW 219.3B. Net profit also rose 29.8% YoY to KRW 445.2B, supported in part by investee valuation gains. As these metrics are based on unaudited internal settlement data, final numbers remain subject to adjustment upon submission of the official audited financial statements.
📝 Editor’s Comment (by K-STOCK Editor)
The objective facts established in this earnings disclosure are top-line revenue growth (+14.3% YoY) fueled by cumulative order expansion, alongside a significant profit increase (operating profit +78.9% YoY, net profit +29.8% YoY) due to margin improvements and investee valuation gains.
Moving forward, the primary objective checkpoint for investors is verifying the finalized financial statements in the forthcoming official Audit Report submission prior to the Annual General Meeting of Shareholders. Tracking potential audit adjustments remains essential.
📢 Disclaimer & Source Notice
Source: This content was newly structured and written based on official data submitted to the Financial Supervisory Service’s Data Analysis, Retrieval and Transfer System (DART).
Investment Risk Warning: This content is provided solely for informational and educational purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial responsibilities rest entirely with the individual investor.
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