Fact Source: Financial Supervisory Service DART / 2024-02-07
Disclosure Type: Change in Revenue or Loss/Profit Structure by 30% or More (15% for Large Corporations)
💡 3-Second Summary
Hanwha Systems reported FY2023 provisional consolidated revenue of KRW 2.45T (+12.1% YoY) and operating profit of KRW 92.8B (+137.5% YoY), while net profit turned profitable at KRW 325.6B.
📊 1. [Key Disclosure Details & Financial Figures]
- Key Earnings Figures (FY2023 Consolidated Financials):
- Revenue: KRW 2,453,034,239,000 (Approx. KRW 2.45T) / +12.1% YoY (YoY Change: KRW 265,054,040,000)
- Operating Profit: KRW 92,825,418,000 (Approx. KRW 92.8B) / +137.5% YoY (YoY Change: KRW 53,737,552,000)
- Profit Before Income Tax Expense: KRW 413,447,579,000 (Approx. KRW 413.4B) / Turned profitable YoY (vs. -KRW 42.0B)
- Net Profit: KRW 325,624,149,000 (Approx. KRW 325.6B) / Turned profitable YoY (vs. -KRW 80.8B)
- Financial Position (As of FY2023 Fiscal Year-End):
- Total Assets: KRW 4,465,705,040,000 (Approx. KRW 4.47T)
- Total Liabilities: KRW 2,329,084,304,000 (Approx. KRW 2.33T)
- Total Equity: KRW 2,136,620,736,000 (Approx. KRW 2.14T)
- Capital Stock: KRW 944,596,945,000 (Approx. KRW 944.6B)
- Total Equity to Capital Ratio: 226.2% (224.7% excluding non-controlling interests)
- Separate Financials Revenue: KRW 2,450,585,395,000 (Approx. KRW 2.45T)
- Primary Causes for Performance Changes (As Stated in Filing):
- Revenue: Increase in revenue driven by growth in cumulative order volume
- Operating / Net Profit: Improved operating margins due to revenue growth and increased valuation gains from investee companies
- Other Notes: Figures consist of unaudited internal settlement data and remain subject to change during external audit or shareholder meeting approval processes.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing discloses Hanwha Systems’ preliminary FY2023 consolidated performance figures following regulatory criteria for major year-over-year financial shifts.
According to the disclosed figures, full-year revenue and operating profit increased by 12.1% and 137.5% YoY to KRW 2.45T and KRW 92.8B, respectively. Both pre-tax profit and net profit turned profitable compared to losses in the previous fiscal year. The filing attributes these changes to cumulative order growth, margin improvements, and valuation gains from investee companies. Because these figures represent internal settlement estimates prior to the completion of external auditing, final numbers remain subject to potential revisions.
📝 Editor’s Comment (by K-STOCK Editor)
Disclosures regarding major changes in profit structure provide primary quantitative data on full-year earnings shifts alongside company-stated drivers. This filing confirms the quantitative expansion in revenue and operating profit, the net profit turnaround, and the stated operational drivers, including order book expansion and investee valuation gains.
For investors, the key reference point is identifying the stated operational causes while noting that these internal settlement figures remain subject to final confirmation in the upcoming official audit report filing.
📢 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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