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  5. Halla Visteon Climate Control Corp._Financial Data

Hanon Systems Corp._Financial Data

Consolidated

* In July 2015, the Company changed its corporate name to Hanon Systems Corp. from Halla Visteon Climate Control Corp.

Balance Sheet

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Current Assets 3,696,904 4,194,766 3,551,729 3,464,680 2,922,369
Fixed Assets 5,547,500 4,904,019 4,682,004 4,342,731 4,160,000
Total Assets 9,244,404 9,098,785 8,233,733 7,807,411 7,082,369
Current Liabilities 3,576,141 4,021,078 2,813,484 2,718,386 2,091,463
Long-Term Liabilities 3,159,777 2,707,838 2,943,591 2,849,590 2,653,404
Total Liabilities 6,735,918 6,728,916 5,757,075 5,567,976 4,744,867
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus 48,060 48,060 48,060 48,060 48,060
Retained Earnings 2,103,103 2,243,491 2,368,351 2,257,301 2,318,192
Total Stockholders' Equity 2,508,486 2,369,866 2,476,658 2,239,435 2,337,502
Total Liabilities and Stockholders' Equity 9,244,404 9,098,782 8,233,733 7,807,411 7,082,369

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Sales 9,559,328 8,627,728 7,351,424 6,872,833 7,154,153
Gross Sales Profit  908,182 847,078 848,992 864,432 1,034,292
Operating Income 277,279 256,590 325,771 139,806 483,810
Ordinary Income 144,600 97,168 354,649 110,368 407,258
Net Income 58,887 26,742 310,725 3,092 322,613
Comprehensive income 321,976 86,175 447,118 46,890 354,824

Cash Flow

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Cash flows from operating activities 517,356 378,310 636,307 795,571 778,377
Cash flows from investing activities (677,283) (643,322) (557,279) (594,485) (1,935,303)
Cash flows from financing activities (480,265) 261,994 (24,229) 484,554 829,383
Increases (Decreases) in cash (640,192) (3,017) 54,797 685,640 (327,543)

Non-Consolidated

* In July 2015, the Company changed its corporate name to Hanon Systems Corp. from Halla Visteon Climate Control Corp.

Balance Sheet

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Current Assets 1,721,876 1,645,556 1,366,162 1,467,877 1,126,949
Fixed Assets 5,161,147 3,372,543 3,335,043 3,346,877 3,290,250
Total Assets 6,883,023 5,018,099 4,701,205 4,814,754 4,417,199
Current Liabilities 1,871,199 1,998,491 1,153,230 1,179,179 808,193
Long-Term Liabilities 2,496,519 2,154,206 2,403,282 2,332,596 2,172,277
Total Liabilities 4,367,718 4,152,697 3,556,512 3,511,775 2,980,470
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus 48,060 48,060 178,140 48,060 48,060
Retained Earnings 2,053,371 2,197,401 866,534 994,464 1,162,288
Total Stockholders' Equity 2,515,304 2,376,853 1,144,693 1,302,979 1,436,729
Total Liabilities and Stockholders' Equity 6,883,022 6,529,549 4,701,205 4,814,754 4,417,199

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Sales 3,531,568 3,202,876 2,860,878 2,680,085 2,668,852
Gross Sales Profit  393,338 363,844 368,125 341,339 392,002
Operating Income 71,399 (8,711) 42,988 56,605 121,065
Ordinary Income 34,647 17,945 77,110 (47,713) 69,660
Net Income 42,328 17,867 71,348 (23,055) 67,428
Comprehensive income 317,166 103,893 47,802 8,578 70,297

Cash Flow

(in million KRW)

FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019
Cash flows from operating activities (333,947) (97,621) 335,352 186,979 247,536
Cash flows from investing activities (149,399) (161,144) (156,054) (127,875) (1,480,463)
Cash flows from financing activities 51,741 158,185 (209,212) 284,159 796,902
Increases (Decreases) in cash (431,605) (100,580) (29,915) 343,263 (436,024)