Fact Source: Financial Supervisory Service DART / 2024-03-25
Disclosure Type: Results of Annual General Meeting of Shareholders
💡 3-Second Summary
Hanwha Systems held its 24th AGM, approving all proposed agenda items as originally submitted, including final financial statements, a cash dividend of KRW 280 per common share (total KRW 52.4B), and the re-election of directors.
📊 1. [Key Disclosure Details & Financial Figures]
- AGM Date: March 25, 2024
- Financial Statements Approval (24th Fiscal Year): Approved with ‘Unqualified’ audit opinions for both consolidated and separate statements
- Consolidated: Total Assets KRW 4.48T, Total Liabilities KRW 2.33T, Total Equity KRW 2.15T, Revenue KRW 2.45T, Operating Profit KRW 92.9B, Net Profit KRW 343.1B (EPS KRW 1,864)
- Separate: Total Assets KRW 4.56T, Total Liabilities KRW 2.31T, Total Equity KRW 2.24T, Revenue KRW 2.45T, Operating Profit KRW 125.6B, Net Profit KRW 96.0B (EPS KRW 512)
- Dividend Decision (Cash Dividend):
- Dividend per Share: KRW 280 per common share (Year-end dividend)
- Total Dividend Amount: KRW 52,358,113,080 (Approx. KRW 52.4B)
- Dividend Yield: 1.7% for common shares
- Key Voting Results (All approved as originally submitted):
- Agenda 1: Approval of 24th Financial Statements (Including Appropriation of Retained Earnings) (KRW 280 per share)
- Agenda 2: Election of Directors (Re-election of Outside Director Hyung-Joo Hwang; Re-election of Executive Director Sung-Cheol Eo / Term: 2 years each)
- Agenda 3: Election of Audit Committee Member (Hyung-Joo Hwang)
- Agenda 4: Approval of Director Remuneration Limit
- Board Composition Post-AGM: 3 Outside Directors out of 5 Total Directors (60.0% ratio); All 3 Audit Committee Members consist of Outside Directors
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing discloses the final voting results for all agenda items submitted at Hanwha Systems’ 24th Annual General Meeting of Shareholders.
According to the filing, the final financial statements for the 24th fiscal year were approved along with a cash dividend of KRW 280 per common share (totaling approx. KRW 52.4B with a 1.7% yield). Additionally, all submitted resolutions—including the re-election of Executive Director Sung-Cheol Eo, Outside Director & Audit Committee Member Hyung-Joo Hwang, and the director remuneration ceiling—were passed without modifications.
📝 Editor’s Comment (by K-STOCK Editor)
AGM outcome disclosures provide formal confirmation of the company’s audited financial figures, finalized shareholder payout allocations, and corporate governance appointments. This filing establishes the factual approval of the FY2023 financial performance alongside the KRW 52.4B cash dividend allocation.
For investors, the primary reference point is noting the approval of the KRW 280 dividend per common share as stated in the filing, while acknowledging that corporate governance structures for the board and audit committee remain formally confirmed as submitted.
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Source: This content was structured and newly generated based on official filing data from the Financial Supervisory Service’s DART system.
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