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Financial Indicators

(Unit: KRW Million, %)

Category(Unit : KRW Million, %) Current Quarter Previous Quarter QoQ
(%)
Previous Year YoY
(%)
(2023.3Q) (2023.2Q) (2022.3Q)
Revenue 3 Months 87,656 101,955 -14,299 99,101 -11,445
(-14.0%) (-11.5%)
9 Months 280,561 - - 291,713 -11,152
(-3.8%)
Operating Profit 3 Months 16,951 19,788 -2,837 19,534 -2,583
(-14.3%) (-13.2%)
9 Months 50,793 - - 57,749 -6,956
(-12.0%)
Profit before Income Tax 3 Months 20,165 22,364 -2,199 29,110 -8,945
(-9.8%) (-30.7%)
9 Months 60,766 - - 77,894 -17,128
(-22.0%)
Net Profit 3 Months 18,332 17,296 +1,036 23,686 -5,354
(+6.0%) (-22.6%)
9 Months 50,286 - - 62,055 -11,769
(-19.0%)
Net Profit (loss),attributable to owners of parent 3 Months 17,629 16,911 +718 23,339 -5,710
(+4.2%) (-24.5%)
9 Months 48,951 - - 60,322 -11,371
(-18.9%)

* This is a tentative consolidated statement in accordance with the Korean International Financial Reporting Standards (K-IFRS).

Revenue and Operating Profit

(Unit: KRW Million)

Category 2018 2019 2020 2021 2022 2022. 9M 2023. 9M
Revenue 234,393 271,703 244,312 338,980 395,056 291,713 280,561
Operating Profit 39,355 42,869 31,581 65,531 79,638 57,749 50,793
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* Rayence Co., Ltd. was a consolidation company until 2016, but was excluded from consolidation in early 2017.

Consolidated Statements of Comprehensive Income

FY 2023 3Q From 01/01/2023 To 09/30/2023
FY 2022 3Q From 01/01/2022 To 09/30/2022

(Unit: KRW)

Category FY 2023 3Q FY 2022 3Q
3 months 9 months 3 months 9 months
Revenue(Sales) 87,655,793,454 280,561,192,340 99,101,053,670 291,713,290,399
Cost of sales 40,604,093,189 132,036,174,967 48,373,202,417 145,607,018,382
Gross profit 47,051,700,265 148,525,017,373 50,727,851,253 146,106,272,017
Selling general administrative expenses 30,100,609,866 97,732,482,080 31,193,894,207 88,357,113,077
Operating income(loss) 16,951,090,399 50,792,535,293 19,533,957,046 57,749,158,940
Other gains 3,423,932,446 13,742,967,311 11,692,481,759 26,392,038,265
Other losses 3,219,095,577 10,288,127,106 7,233,761,702 17,712,561,474
Profits of associates and joint ventures accounted
for using equity method
1,961,469,516 3,218,301,931 1,061,075,334 4,270,317,755
Finance income 1,779,533,058 5,703,898,039 4,311,755,388 8,287,157,764
Finance costs 732,400,451 2,403,446,361 255,016,980 1,091,766,531
Profit (loss) before tax 20,164,529,391 60,766,129,107 29,110,490,845 77,894,344,719
Income tax expense 1,832,996,652 10,480,225,405 5,424,868,428 15,839,428,976
Profit (loss) 18,331,532,739 50,285,903,702 23,685,622,417 62,054,915,743
Profit (loss), attributable to    
Profit (loss), attributable to owners of parent 17,628,723,904 48,951,064,515 23,338,967,665 60,321,573,583
Profit (loss), attributable to non-controlling interests 702,808,835 1,334,839,187 346,654,752 1,733,342,160
Other comprehensive income -794,364,547 1,596,003,813 4,238,110,155 10,527,021,111
Other comprehensive income that will not be reclassified to profit or loss, net of tax 76,036,931 1,596,003,813 4,238,110,155 10,527,021,111
Gains (losses) on exchange differences on translation,net of tax 51,838,696 1,807,768,750 4,254,642,072 10,669,942,517
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profi or loss, net of tax 24,198,235 (211,764,937) (16,531,917) (142,921,406)
Other comprehensive income that will not be reclassified to profit or loss, net of tax -870,401,478 - - -
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax -870,401,478 - - -
Total comprehensive income 17,537,168,192 51,881,907,515 27,923,732,572 72,581,936,854
Comprehensive income attributable to    
Comprehensive income, attributable to owners of parent 16,465,893,892 49,809,594,408 26,294,323,281 68,622,080,741
Comprehensive income, attributable to non-controlling interests 1,071,274,300 2,072,313,107 1,629,409,291 3,959,856,113
Earnings per share        
Basic earnings (loss) per share (Unit : KRW) 1,187 3,295 1,571 4,061

Consolidated Statements of Financial Position

FY 2023.3Q 09/30/2023 Current
FY 2022 12/31/2022 Current

(Unit: KRW)

FY 2023 3Q FY 2022
Assets
Current assets 297,717,386,767 270,358,765,241
Cash and cash equivalents 59,396,736,638 70,022,717,261
Short-term deposits not classified as cash equivalents 21,635,000,000 19,500,000,000
Short-term trade Receivable 90,783,089,851 71,661,279,097
Other Receivables 1,724,347,313 2,001,654,482
Inventories 112,236,326,704 98,520,309,014
Current tax assets 1,380,434,142 365,581,121
Current derivative asset 26,878,046 493,327,157
Current firm commitment asset 939,371,340 761,977,771
Other current assets 9,595,202,733 7,031,919,338
Non-current assets 275,611,093,702 240,755,348,825
Long-term deposits not classified as cash equivalents 10,052,667,276 10,293,509,755
Long-term trade receivables, gross 17,258,406,122 19,169,334,548
Other Non-Current Receivables 2,270,747,197 2,144,548,347
Investments in associates 82,879,759,093 77,859,961,833
Property, plant and equipment 113,161,347,601 81,769,789,653
Goodwill, gross 3,577,212,308 3,570,895,184
Intangible assets other than goodwill 5,243,637,575 5,383,473,623
Investment property 11,037,829,250 8,615,483,973
Right-of-use assets 14,589,508,412 15,386,760,518
Non-current firm commitment asset 196,308,117 469,493,998
Deferred tax assets 14,480,550,124 15,264,084,557
Other non-current assets 863,120,627 828,012,836
Total assets 573,328,480,469 511,114,114,066
Liabilities
Current liabilities 99,073,832,325 100,870,052,358
Short-term trade Payables 43,141,177,383 41,445,949,215
Other Payables 18,524,873,925 21,052,725,941
Short-term borrowings 6,688,703,121 4,541,972,279
Current tax liabilities 5,155,356,963 12,198,264,784
Current financial guarantee liabilities 162,807,393 183,506,159
Current derivative liabilities 1,726,983,342 328,371,349
Other current liabilities 2,701,853,232 2,630,622,094
Current lease liabilities 4,668,607,005 3,006,823,069
Current contract liabilities 10,449,965,251 9,916,829,375
Current firm commitment liabilities 1,511,930,817 1,682,556,368
Current provisions 4,341,573,893 3,882,431,725
Non-current liabilities 60,424,683,077 46,810,578,556
Long-term borrowings, gross 18,128,660,342 6,508,993,227
Non-current contract liabilities 19,943,534,086 17,197,445,027
Non-current firm commitment liabilities 314,336,544 458,057,329
Post-employment benefit obligations 3,302,986,780 2,497,438,687
Non-current provisions 4,939,485,333 4,713,552,725
Other Non-Current Payables 2,644,947,681 1,939,708,786
Other non-current liabilities 176,189,658 186,338,062
Non-current lease liabilities 10,249,053,904 12,507,420,443
Deferred tax liabilities 725,488,749 801,624,270
Total liabilities 159,498,515,402 147,680,630,914
Equity
Equity attributable to owners of parent 397,604,743,362 349,286,169,903
Issued capital of common stock 7,427,128,000 7,427,128,000
Share premium 23,473,877,356 23,473,877,356
Retained earnings before appropriations (accumulated deficit before disposition) 382,144,132,216 334,678,493,301
Other Comprehensive income/loss accumulated amount 3,741,122,544 2,882,592,651
Other capital surplus (19,181,516,754) (19,175,921,405)
Non-controlling interests 16,225,221,705 14,147,313,249
Total equity 413,829,965,067 363,433,483,152
Total equity and liabilities 573,328,480,469 511,114,114,066

Consolidated Statements of Changes In Equity

FY 2023 3Q From 01/01/2023 To 09/30/2023
FY 2022 3Q From 01/01/2022 To 09/30/2022

(Unit: KRW)

  Equity
Equity attributable to owners of parent Non-controlling interest Total  equity
Issued capital Capital surplus Retained earnings Other Comprehensive income/
loss accumulated amount
Elements of other stockholders equity Total of Equity attributable to owners of parent
2022.01.01 (Equity at
beginning of period)
7,427,128,000 23,473,877,356 258,574,128,038 2,937,340,524 (19,189,260,320) 273,223,213,598 11,332,878,039 284,556,091,637
Profit (loss) 60,321,573,583 60,321,573,583 1,733,342,160 62,054,915,743
Other comprehensive income 8,443,428,564 8,443,428,564 2,226,513,953 10,527,021,111
Changes in Affiliates' equity (142,921,406) (142,921,406) (142,921,406)
Dividends paid (1,485,425,600) (1,485,425,600) (1,485,425,600)
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control 7,706,026 7,706,026
2022.09.30 (Equity at end of period) 7,427,128,000 23,473,877,356 317,410,276,021 11,237,847,682 (19,189,260,320) 340,359,868,739 15,300,440,178 355,660,308,917
2023.01.01 (Equity at beginning of period) 7,427,128,000 23,473,877,356 334,678,493,301 2,882,592,651 (19,175,921,405) 349,286,169,903 14,147,313,249 363,433,483,152
Profit (loss) 48,951,064,515 48,951,064,515 1,334,839,187 50,285,903,702
Other comprehensive income 1,070,294,830 1,070,294,830 737,473,920 1,596,003,813
Changes in Affiliates' equity (211,764,937) (211,764,937) (211,764,937)
Dividends paid (1,485,425,600) (1,485,425,600) (1,485,425,600)
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control (5,595,349) (5,595,349) 5,595,349
2023.09.30 (Equity at end of period) 7,427,128,000 23,473,877,356 382,144,132,216 3,741,122,544 (19,181,516,754) 397,604,743,362 16,225,221,705 413,829,965,067

Consolidated Statement of cash flows

FY 2023 3Q From 01/01/2023 To 09/30/2023
FY 2022 3Q From 01/01/2022 To 09/30/2022

(Unit: KRW)

Category FY 2023 3Q FY 2022 3Q
Cash flows from (used in) operating activities 22,633,262,118 15,011,072,312
Cash Generated from Operation Activity 41,081,203,651 38,738,544,834
Interest received 1,680,948,857 696,776,517
Interest paid (2,308,560,489) (1,796,066,274)
Income taxes paid (refund) (17,820,329,901) (22,628,182,765)
Cash flows from (used in) investing activities (42,914,825,731) (23,082,916,828)
Proceeds from sales of property, plant and equipment 126,857,562 214,805,593
Proceeds from sales of intangible assets 3,239,694 5,668,881
Proceeds from sales of short-term loans and receivables 63,768,023 39,272,822
Decrease in guarantee deposits 449,128,491
Proceeds from sales of long-term loans and receivables 86,777,760 5,555,700
Proceeds from government grants 33,136,364 81,594,545
Proceeds from sales of short term Financial Instruments 30,235,296,381 25,545,191,596
Proceeds from sales of long-term financial instruments 7,171,756,791 1,000,000,000
Dividends received 476,482,300 476,482,300
Purchase of short term Financial Instruments (32,245,296,381) (27,709,172,500)
Purchase of long-term financial instruments (7,030,000,000) (3,585,000,000)
Cash payments for future contracts, forward contracts, option contracts and swap contracts (511,649,000) (3,512,900,000)
Purchase of property, plant and equipment (38,985,119,923) (9,593,049,875)
Purchase of intangible assets (44,703,310) (60,169,469)
Increase in guarantee deposits (888,882,421)
Purchase of short-term loans and receivables (14,500,483) (2,314,000)
Purchase of long-term loans and receivables (230,000,000) (300,000,000)
Purchase of investments in subsidiaries, joint ventures and associates (2,500,000,000) (4,800,000,000)
Cash flows from (used in) financing activities 7,700,003,117 (6,696,822,575)
Proceeds from borrowings 25,462,626,504 4,083,853,222
Proceeds from changes in ownership interests in subsidiaries 7,706,026
Repayments of borrowings (11,907,616,277) (5,980,723,634)
Payments of finance lease liabilities (4,369,581,510) (3,322,232,589)
Dividends paid (1,485,425,600) (1,485,425,600)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (12,581,560,496) (14,768,667,091)
Effect of exchange rate changes on cash and cash equivalents 1,955,579,873 14,008,460,743
Net increase (decrease) in cash and cash equivalents (10,625,980,623) (760,206,348)
Cash and cash equivalents at beginning of period 70,022,717,261 86,167,956,271
Cash and cash equivalents at end of period 59,396,736,638 85,407,749,923
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