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Financial Statements

A company that raises
shareholder value, a company

that protects social values

We enhance the value of our shareholder
while protecting corporate and social values

A company that raises
shareholder value, a company

that protects social values

We enhance the value of our shareholder
while protecting corporate and social values

Condensed Balance Sheet

Total Assets
Unit : one billion KRW
2,500
2,000
1,500
1,000
500
0
2,934
2022
3,034
2023
Total Liabilities
Unit : one billion KRW
2,500
2,000
1,500
1,000
500
0
2,135
2022
2,284
2023
Total Equity
Unit : one billion KRW
1,000
800
600
400
200
0
800
2022
750
2023
Unit : one million KRW
Condensed Balance Sheet
2022 2023
Total Assets 2,934,713 3,034,402
Current Assets 1,331,264 1,185,155
Non-currents Assets 1,603,449 1,849,247
Total Liabilities 2,135,156 2,284,308
Current Liabilities 1,624,968 1,751,303
Non-currents Liabilites 510,188 533,005
Total Equity 799,558 750,095
Capital Stock 22,400 22,400
Retained Earings 236,054 204,403
Other Components of Equity 449,018 450,861
Non-controlling Interests 92,086 72,431
Total Assets
Unit : one billion KRW
2,500
2,000
1,500
1,000
500
0
1,355
2022
1,442
2023
Total Liabilities
Unit : one billion KRW
1,000
800
600
400
200
0
617
2022
614
2023
Total Equity
Unit : one billion KRW
1,000
800
600
400
200
0
738
2022
828
2023
Unit : one million KRW
Condensed Balance Sheet
2022 2023
Total Assets 1,354,652 1,442,325
Current Assets 249,738 152,498
Non-currents Assets 1,104,914 1,289,827
Total Liabilities 616,822 614,007
Current Liabilities 322,743 430,344
Non-currents Liabilites 294,079 183,663
Shareholder's Equity 737,830 828,318
Common Stock 22,400 22,400
Retained Earings 288,937 380,809
Other Components of Equity 426,494 425,110
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Condensed Income Statement

Sales
Unit : one billion KRW
4,000
3,200
2,400
1,600
800
0
3,841
2022
3,202
2023
Operating Income
Unit : one billion KRW
500
400
300
200
100
0
315
2022
172
2023
Unit : one million KRW
Condensed Income Statement
2022 2023
Sales 3,841,373 3,202,331
Gross Profit 522,012 360,592
SG & A 173,011 155,713
R&D Expenses 33,931 32,505
Operating Income 315,070 172,374
Non-Operating Income 113,987 47,913
Non-Operating Expenses 215,895 146,948
Income & Loss before Income Taxes 213,162 73,339
Income Texes 52,924 26,084
Profit (loss) from continuing operations 160,238 47,255
Profit (loss) from discontinued operations - -
Net Income 160,238 47,255
Sales
Unit : one billion KRW
1200
900
600
300
100
0
858
2022
662
2023
Operating Income
Unit : one billion KRW
175
140
105
70
35
0
96
2022
104
2023
Unit : one million KRW
Condensed Income Statement
2022 2023
Sales 858,081 662,028
Gross Profit 166,309 159,893
SG & A 48,648 35,226
R&D Expenses 21,195 20,491
Operating Income 96,466 104,176
Non-Operating Income 276,089 115,213
Non-Operating Expenses 113,532 46,227
Impairment loss of investment in subsidiaries and affiliated companies - -
Income & Loss before Income Taxes 259,023 173,162
Income Texes 46,474 14,087
Profit (loss) from continuing operations 212,549 159,075
Profit (loss) from discontinued operations - -
Net Income 212,549 159,075

Financial Indices

Stability

Consolidation criteria
Consolidation criteria
2022 2023
Current Ratio 81.9% 67.7%
Debt Ratio 267.0% 304.5%
Borrowing and Bond Payable Ratio 55.6% 57.3%
Interest Coverage 6.4 2.1
Separate criteria
Separate criteria
2022 2023
Current Ratio 77.4% 35.4%
Debt Ratio 83.6% 74.1%
Borrowing and Bond Payable Ratio 32.7% 27.4%
Interest Coverage 7.8 6.9

Profitability

Consolidation criteria
Consolidation criteria
2022 2023
Operating Margin 8.20% 5.38%
Net Margin 4.17% 1.48%
ROA 5.46% 1.56%
ROE 20.04% 6.30%
Separate criteria
Separate criteria
2022 2023
Operating Margin 11.24% 15.74%
Net Margin 24.77% 24.03%
ROA 15.69% 11.03%
ROE 28.81% 19.20%

Growth

Consolidation criteria
Consolidation criteria
2022 2023
Sales Increase 6.77% -16.64%
Operating Income Increase -27.95% -45.29%
Net Income Increase -51.45% -70.51%
Total Assets Increase 0.89% 3.40%
Turn Over Ratio 130.89% 105.53%
Separate criteria
Separate criteria
2022 2023
Sales Increase -10.92% -22.85%
Operating Income Increase 22.70% 7.99%
Net Income Increase 39.62% -25.16%
Total Assets Increase 5.57% 6.47%
Turn Over Ratio 63.34% 45.90%