Fact Source: Financial Supervisory Service DART / 2024-02-23
Disclosure Type: Provisional Operating Performance (Consolidated Financial Statements) (Fair Disclosure)
💡 3-Second Summary
For Q4 2023, Hanwha Systems reported provisional consolidated revenue of KRW 782.1B and operating profit of KRW 11.0B (turned profitable YoY), bringing full-year 2023 operating profit to KRW 92.9B (+137.59% YoY).
📊 1. [Key Disclosure Details & Financial Figures]
- Reporting Category: Q4 2023 & Full-Year 2023 Consolidated Provisional Operating Performance (Unaudited internal settlement data)
- Revenue:
- Q4 2023: KRW 782,100,000,000 (Approx. KRW 782.1B)
- QoQ Change (vs. Q3 2023 KRW 620.8B): +25.98%
- YoY Change (vs. Q4 2022 KRW 788.6B): -0.83%
- Full-Year 2023 Cumulative: KRW 2,453,080,000,000 (Approx. KRW 2.45T, +12.12% YoY)
- Operating Profit:
- Q4 2023: KRW 10,966,000,000 (Approx. KRW 11.0B)
- QoQ Change (vs. Q3 2023 KRW 39.7B): -72.36%
- YoY Change (vs. Q4 2022 -KRW 1.14B): Turned profitable
- Full-Year 2023 Cumulative: KRW 92,871,000,000 (Approx. KRW 92.9B, +137.59% YoY)
- Profit Before Income Tax Expense from Continuing Operations:
- Q4 2023: KRW 18,452,000,000 (Approx. KRW 18.5B) / Turned profitable YoY
- Full-Year 2023 Cumulative: KRW 413,446,000,000 (Approx. KRW 413.4B) / Turned profitable YoY
- Net Profit:
- Q4 2023: KRW 42,246,000,000 (Approx. KRW 42.2B) / Turned profitable YoY
- Full-Year 2023 Cumulative: KRW 343,083,000,000 (Approx. KRW 343.1B) / Turned profitable YoY
- Net Profit Attributable to Owners of the Parent:
- Q4 2023: KRW 43,699,000,000 (Approx. KRW 43.7B) / Turned profitable YoY
- Full-Year 2023 Cumulative: KRW 349,221,000,000 (Approx. KRW 349.2B) / Turned profitable YoY
- Other Notes:
- The disclosure does not state specific reasons for the performance changes.
- Data consists of internal settlement figures prior to external audit and is subject to change.
- Related materials are scheduled to be posted on the company website (https://www.hanwhasystems.com).
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing presents Hanwha Systems’ provisional consolidated financial results for the fourth quarter and full year of 2023.
According to the figures, Q4 operating profit, profit before income tax expense, and net profit all turned profitable compared to losses in Q4 2022. On a full-year cumulative basis, revenue increased 12.12% YoY to KRW 2.45T, operating profit rose 137.59% YoY to KRW 92.9B, and net profit turned profitable at KRW 343.1B. The filing does not provide specific operational drivers or causes explaining these fluctuations. Furthermore, as these are unaudited internal settlement figures, final numbers remain subject to adjustment upon completion of the external audit.
📝 Editor’s Comment (by K-STOCK Editor)
When evaluating provisional earnings disclosures, investors should analyze both quarterly rate changes (QoQ, YoY) and cumulative annual figures across key line items while recognizing that the numbers are unaudited internal estimates. The Q4 and full-year figures show quantitative year-over-year growth across operating profit and net income metrics.
Since the filing explicitly omits operational drivers for these financial changes, investors should note that these figures are provisional internal estimates subject to external audit results. Additionally, as specified in the disclosure, related presentation materials are scheduled to be posted on the official company website.
📢 Disclaimer & Source Notice
Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific securities. All investment decisions and financial responsibilities rest entirely with the investor.
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