Source Fact: Korea Exchange (KOSCOM) / 2024-02-07
Disclosure Type: Change in Revenue or Profit/Loss Structure Exceeding 30% (15% for Large Corporations)
💡 3-Second Summary
Hanwha Aerospace disclosed its preliminary FY2023 consolidated financial performance, reporting revenue of approximately KRW 9.37 trillion (+43.2% YoY) and operating profit of KRW 701.7 billion (+86.0% YoY). Profitability improved due to revenue growth, merger effects, and valuation gains from investee companies.
📊 1. [Key Disclosure Content & Key Figures Summary]
- Target Company: Hanwha Aerospace Co., Ltd. (Stock Code: 012450)
- Accounting Standard: K-IFRS Consolidated Financial Statements (Preliminary Unaudited)
- 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 14,771%
- Additional Disclosures (Parent Company):
- Total Equity (excl. non-controlling interests): Current KRW 3,524,939,446 thousand / Prior KRW 2,862,825,080 thousand
- Equity (excl. non-controlling interests) to Capital Stock Ratio: Current 1,327% / Prior 1,078%
- Standalone Revenue: Current KRW 4,978,992,850 thousand (approx. KRW 4.98T) / Prior KRW 1,956,745,411 thousand (approx. KRW 1.96T)
- 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 to Securities and Futures Commission): 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 regulatory disclosure issued by Hanwha Aerospace on the Change in Revenue or Profit/Loss Structure, informing the market of financial performance variations exceeding regulatory thresholds (15% for large corporations) for FY2023.
According to the filing, FY2023 consolidated revenue rose 43.2% YoY to KRW 9.37 trillion, while operating profit grew 86.0% YoY to KRW 701.7 billion. The company attributed these gains to increased top-line revenue, merger effects, and valuation gains from investee companies. As these figures are unaudited preliminary estimates, market participants can reference them as initial metrics to compare against finalized financial statements in the upcoming formal Audit Report.
📝 Editor’s Comment (by K-STOCK Editor)
Hanwha Aerospace has submitted a disclosure on 30%+ changes in its revenue and profit structure for FY2023. Consolidated revenue reached KRW 9.37T and operating profit recorded KRW 701.7B.
From an analytical standpoint, key checkpoints include verifying the stated drivers—revenue expansion, merger effects, and valuation gains from investee companies—and noting that these pre-audit metrics will await final confirmation upon the filing of the official Audit Report.
📢 Disclaimer & Source Notice
Source: This content was newly structured and created based on official disclosure data from the Korea Exchange (KOSCOM/DART).
Investment Risk Warning: This content is provided for informational and language reference purposes only. 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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