Fact Source: Financial Supervisory Service DART / 2025-02-21
Disclosure Type: Changes in Sales or Profit/Loss Structure Exceeding 30% (15% for Large Corporations) (Correction Filing)
💡 Summary in 3 Seconds
Hanwha Systems has filed an amendment to its FY2024 provisional earnings release originally disclosed on February 7, 2025. Net profit was revised upward slightly from KRW 445.25B to KRW 445.38B.
📊 1. [Key Disclosure Details & Financial Highlights]
- Reason for Correction: Revisions to internal financial statements following the previous disclosure date (Feb 7, 2025)
- Key Adjustments (Consolidated Basis):
- Net Profit: (Pre-correction) KRW 445,245,713 thousand → (Post-correction) KRW 445,378,843 thousand (+approx. KRW 133 million)
- Total Assets: (Pre-correction) KRW 5,723,876,986 thousand → (Post-correction) KRW 5,724,010,116 thousand (+approx. KRW 133 million)
- Total Equity: (Pre-correction) KRW 2,416,283,766 thousand → (Post-correction) KRW 2,416,416,895 thousand (+approx. KRW 133 million)
- Equity Excl. Non-Controlling Interest: (Pre-correction) KRW 2,489,921,837 thousand → (Post-correction) KRW 2,490,054,967 thousand (+approx. KRW 133 million)
- Final FY2024 Provisional Results (Consolidated):
- Revenue: KRW 2,803,686,058 thousand (approx. KRW 2.80T, +14.3% YoY)
- Operating Profit: KRW 219,345,298 thousand (approx. KRW 219.3B, +78.9% YoY)
- Pre-tax Profit from Continuing Operations: KRW 581,412,934 thousand (approx. KRW 581.4B, +31.0% YoY)
- Net Profit: KRW 445,378,843 thousand (approx. KRW 445.4B, +29.8% YoY)
- Main Drivers of Changes: Increase in revenue driven by order backlog growth, improved operating margins due to top-line expansion, and gains on valuation of investee companies.
- Board Resolution Date: February 21, 2025 (3 Outside Directors present)
- Other Notes: Based on unaudited internal settlement data; subject to potential adjustments upon external audit completion and shareholder meeting approval.
📈 2. [Professional Insight: What This Means for Investors]
This filing details an amendment by Hanwha Systems to its FY2024 provisional earnings data released on February 7, 2025, reflecting internal settlement adjustments.
The main adjustment involves a minor upward revision of approximately KRW 133 million across net profit, total assets, and total equity. Previously reported revenue (approx. KRW 2.80T, +14.3% YoY) and operating profit (approx. KRW 219.3B, +78.9% YoY) figures remain unchanged. Because these figures represent internal settlement numbers prior to external audit completion, verifying the finalized audit report filing remains necessary.
📝 Editor’s Comment (by K-STOCK Editor)
The objective fact established in this disclosure is that Hanwha Systems slightly increased its FY2024 net profit and equity figures by approx. KRW 133 million while maintaining its strong operating growth trajectory (operating profit +78.9% YoY).
Moving forward, the primary objective checkpoint for investors is reviewing the finalized figures in the forthcoming official Audit Report submission following external audit completion. Monitoring for any further adjustments prior to shareholder approval remains the reference point.
📢 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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