Source Fact: Financial Supervisory Service Electronic Disclosure System (DART) / 2025-03-17
Disclosure Type: Submission of Audit Report
💡 3-Second Summary
Hanwha Aerospace has received ‘Unqualified’ audit opinions from its independent auditor for both consolidated and separate financial statements for the 48th fiscal year, reporting audited consolidated revenue of KRW 11.24T, operating profit of KRW 1.73T, and net income of KRW 2.54T prior to final shareholder approval.
📊 1. [Summary of Core Disclosure Content and Key Figures]
- Audit Opinion & Auditor Information:
- Independent Auditor: Ernst & Young Han Young
- Audit Opinion (Consolidated & Separate): Unqualified (No material uncertainty related to going concern or material weaknesses in internal control over financial reporting)
- Audit Report Receipt Date: 2025-03-17
- Description of Embezzlement or Breach of Trust Cases: No (None)
- Consolidated Financial & Earnings Figures (48th Term):
- Total Assets: KRW 43,336,873,685,473 (Approx. KRW 43.3T)
- Total Liabilities: KRW 31,972,556,938,163 (Approx. KRW 32.0T)
- Total Equity: KRW 11,364,316,747,310 (Approx. KRW 11.4T / Capital Stock: KRW 240,405,805,000)
- Revenue: KRW 11,240,121,484,118 (Approx. KRW 11.2T)
- Operating Profit: KRW 1,731,878,825,342 (Approx. KRW 1.7T)
- Net Income: KRW 2,539,873,460,538 (Approx. KRW 2.5T / Net Income Attributable to Controlling Interest: KRW 2,298,945,270,624)
- Number of Consolidated Subsidiaries (Current / Prior): 56 / 48 (Number of Major Subsidiaries: 13 / 12)
- Separate Financial & Earnings Figures (48th Term):
- Total Assets: KRW 17,364,759,288,308 (Approx. KRW 17.4T)
- Total Liabilities: KRW 13,843,180,975,323 (Approx. KRW 13.8T)
- Total Equity: KRW 3,521,578,312,985 (Approx. KRW 3.5T / Capital Stock: KRW 240,405,805,000)
- Revenue: KRW 7,935,101,827,678 (Approx. KRW 7.9T)
- Operating Profit: KRW 1,499,700,414,775 (Approx. KRW 1.5T)
- Net Income: KRW 1,038,040,280,457 (Approx. KRW 1.0T)
- Other Noteworthy Facts: The financial statements contained in the audit report are submitted following the completion of the independent audit but have not yet been approved at the Annual General Shareholders’ Meeting; therefore, they may undergo alterations during the formal approval process.
📈 2. [Expert Perspective: What This Disclosure Means for Investors]
This regulatory filing indicates that Hanwha Aerospace’s financial statements for fiscal year 2024 (covering the period from 2024-01-01 to 2024-12-31) have completed the independent verification stage by Ernst & Young Han Young before being presented to shareholders. Securing unqualified opinions across both consolidated and separate reporting records confirms that the balance sheets met the required accounting standards during the audit process, with no warnings regarding going concern uncertainties or internal control framework gaps.
According to the audited metrics detailed in the filing, the consolidated records tracked a revenue of approximately KRW 11.24T, an operating profit of KRW 1.73T, and a net income of KRW 2.54T. On a separate basis, revenue reached approximately KRW 7.94T, with an operating profit of KRW 1.50T and a net income of KRW 1.04T. The pool of consolidated subsidiaries reached 56 entities, an increase of 8 relative to the prior period. Market participants must note the explicit corporate disclosure that these financial statements are not yet definitively adopted. Because the figures remain subject to potential adjustments during the subsequent voting process at the upcoming Annual General Shareholders’ Meeting, the data should be evaluated alongside this structural condition.
📝 Editor’s Comment (by K-STOCK Editor)
The submission of the formal audit report by Hanwha Aerospace provides factual confirmation that the company’s quantitative operational records have undergone independent auditing verification prior to the annual meeting. Receiving unqualified opinions across both reporting perimeters verifies that the data complies with necessary regulatory frameworks required for shareholder evaluation.
From an analytical standpoint, the primary variable for market participants to track is whether these audited numbers will be adopted without modifications during the scheduled Annual General Shareholders’ Meeting. As underscored in the administrative notes of the official text, these figures are not yet finalized by a shareholder vote and remain subject to prospective adjustments; hence, they must not be treated as unalterable data. Additionally, the tracking of the expanded subsidiary pool reaching 56 entities should be verified through the detailed breakdowns in future periodic financial disclosures to assess any ongoing shifts in accounting consolidation metrics.
What to watch next includes verifying the definitive approval of these audited financial statements at the upcoming general meeting and monitoring the detailed footnote disclosures in the subsequent periodic reports published after the shareholders’ vote.
📢 Disclaimer & Source Information
Source: This content has been structured and newly written based on the official data submitted to the Electronic Disclosure System (DART) of the Financial Supervisory Service.
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