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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
2,909
2021
2,935
2022
Total Liabilities
Unit : one billion KRW
2,500
2,000
1,500
1,000
500
0
2,187
2021
2,135
2022
Total Equity
Unit : one billion KRW
1,000
800
600
400
200
0
722
2021
800
2022
Unit : one million KRW
Condensed Balance Sheet
2021 2022
Total Assets 2,908,682 2,934,713
Current Assets 1,355,009 1,331,264
Non-currents Assets 1,553,673 1,603,449
Total Liabilities 2,187,093 2,135,156
Current Liabilities 1,744,511 1,624,968
Non-currents Liabilites 442,582 510,188
Total Equity 721,589 799,558
Capital Stock 22,400 22,400
Retained Earings 147,307 236,054
Other Components of Equity 434,294 449,018
Non-controlling Interests 117,588 92,086
Total Assets
Unit : one billion KRW
2,500
2,000
1,500
1,000
500
0
1,283
2021
1,355
2022
Total Liabilities
Unit : one billion KRW
1,000
800
600
400
200
0
721
2021
617
2022
Total Equity
Unit : one billion KRW
1,000
800
600
400
200
0
562
2021
738
2022
Unit : one million KRW
Condensed Balance Sheet
2021 2022
Total Assets 1,283,180 1,354,652
Current Assets 225,694 249,738
Non-currents Assets 1,057,486 1,104,914
Total Liabilities 721,283 616,822
Current Liabilities 416,855 322,743
Non-currents Liabilites 304,428 294,079
Shareholder's Equity 561,897 737,830
Common Stock 22,400 22,400
Retained Earings 112,981 288,937
Other Components of Equity 426,516 426,494
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Condensed Income Statement

Sales
Unit : one billion KRW
4,000
3,200
2,400
1,600
800
0
3,598
2021
3,841
2022
Operating Income
Unit : one billion KRW
500
400
300
200
100
0
437
2021
315
2022
Unit : one million KRW
Condensed Income Statement
2021 2022
Sales 3,597,777 3,841,373
Gross Profit 635,972 522,012
SG & A 167,707 173,011
R&D Expenses 30,955 33,931
Operating Income 437,310 315,070
Non-Operating Income 54,379 113,987
Non-Operating Expenses 79,890 215,895
Income & Loss before Income Taxes 11,799 213,162
Income Texes 81,776 52,924
Profit (loss) from continuing operations 330,023 160,238
Profit (loss) from discontinued operations - -
Net Income 330,023 160,238
Sales
Unit : one billion KRW
1200
900
600
300
100
0
963
2021
868
2022
Operating Income
Unit : one billion KRW
175
140
105
70
35
0
79
2021
96
2022
Unit : one million KRW
Condensed Income Statement
2021 2022
Sales 963,266 868,081
Gross Profit 133,865 166,309
SG & A 33,346 48,648
R&D Expenses 21,898 21,195
Operating Income 78,621 96,466
Non-Operating Income 124,697 276,089
Non-Operating Expenses 33,164 113,532
Impairment loss of investment in subsidiaries and affiliated companies - -
Income & Loss before Income Taxes 170,154 259,023
Income Texes 17,923 46,474
Profit (loss) from continuing operations 152,231 212,549
Profit (loss) from discontinued operations - -
Net Income 152,231 212,549

Financial Indices

Stability

Consolidation criteria
Consolidation criteria
2021 2022
Current Ratio 77.7% 81.9%
Debt Ratio 303.1% 267.0%
Borrowing and Bond Payable Ratio 53.0% 55.6%
Interest Coverage 12.7 6.4
Separate criteria
Separate criteria
2021 2022
Current Ratio 54.1% 77.4%
Debt Ratio 128.4% 83.6%
Borrowing and Bond Payable Ratio 40.8% 32.7%
Interest Coverage 6.5 7.9

Profitability

Consolidation criteria
Consolidation criteria
2021 2022
Operating Margin 12.16% 8.20%
Net Margin 9.17% 4.17%
ROA 11.35% 5.46%
ROE 45.74% 20.04%
Separate criteria
Separate criteria
2021 2022
Operating Margin 8.16% 11.11%
Net Margin 15.80% 24.48%
ROA 12.66% 15.69%
ROE 27.09% 28.81%

Growth

Consolidation criteria
Consolidation criteria
2021 2022
Sales Increase 50.24% 6.77%
Operating Income Increase 1,178.39% ▲ 27.95%
Net Income Increase 4,746.15% ▲ 51.45%
Total Assets Increase 22.39% 0.89%
Turn Over Ratio 123.69% 130.89%
Separate criteria
Separate criteria
2021 2022
Sales Increase 33.32% ▲ 9.88%
Operating Income Increase 863.61% 22.70%
Net Income Increase 219.95% 39.62%
Total Assets Increase 5.56% 12.62%
Turn Over Ratio 80.08% 64.08%