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, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Current Assets 3,551,729 3,464,680 2,922,369 2,859,201 2,241,264
Fixed Assets 4,682,004 4,342,731 4,160,000 2,496,580 1,878,316
Total Assets 8,233,733 7,807,411 7,082,369 5,355,781 4,119,580
Current Liabilities 2,813,484 2,718,386 2,091,463 1,867,112 1,299,490
Long-Term Liabilities 2,943,591 2,849,590 2,653,404 1,357,013 788,645
Total Liabilities 5,757,075 5,567,976 4,744,867 3,224,125 2,088,136
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 2,368,351 2,257,301 2,318,192 2,179,605 2,073,817
Total Stockholders' Equity 2,476,658 2,239,435 2,337,502 2,131,656 2,031,445
Total Liabilities and Stockholders' Equity 8,233,733 7,807,411 7,082,369 5,355,780 4,119,580

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Sales 7,351,424 6,872,833 7,154,153 5,937,585 5,585,673
Gross Sales Profit  848,992 864,432 1,034,292 912,724 946,231
Operating Income 325,771 139,806 483,810 433,776 468,436
Ordinary Income 354,649 110,368 407,258 379,621 421,505
Net Income 310,725 3,092 322,613 283,697 298,403
Comprehensive income 447,118 46,890 354,824 232,201 317,315

Cash Flow

(in million KRW)

FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Cash flows from operating activities 636,307 795,571 778,377 471,265 566,650
Cash flows from investing activities (557,279) (594,485) (1,935,303) (576,723) (346,509)
Cash flows from financing activities (24,229) 484,554 829,383 563,718 (56,222)
Increases (Decreases) in cash 54,797 685,640 (327,543) 458,259 142,098

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, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Current Assets 1,366,162 1,467,877 1,126,949 1,640,151 1,113,428
Fixed Assets 3,335,043 3,346,877 3,290,250 1,878,223 1,766,017
Total Assets 4,701,205 4,814,754 4,417,199 3,518,374 2,879,446
Current Liabilities 1,153,230 1,179,179 808,193 905,830 523,321
Long-Term Liabilities 2,403,282 2,332,596 2,172,277 1,075,995 627,764
Total Liabilities 3,556,512 3,511,775 2,980,470 1,981,826 1,151,086
Paid-in Capital 53,380 53,380 53,380 53,380 53,380
Capital Surplus 178,140 48,060 48,060 48,060 48,060
Retained Earnings 866,534 994,464 1,162,288 1,256,896 1,413,409
Total Stockholders' Equity 1,144,693 1,302,979 1,436,729 1,536,548 1,728,360
Total Liabilities and Stockholders' Equity 4,701,205 4,814,754 4,417,199 3,518,374 2,879,446

Profit and Loss Statement

(in million KRW)

FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Sales 2,860,878 2,680,085 2,668,852 2,604,670 2,448,738
Gross Sales Profit  368,125 341,339 392,002 320,920 456,608
Operating Income 42,988 56,605 121,065 61,836 204,118
Ordinary Income 77,110 (47,713) 69,660 23,618,8 270,851
Net Income 71,348 (23,055) 67,428 17,594 227,205
Comprehensive income 47,802 8,578 70,297 (21,767) 300,811

Cash Flow

(in million KRW)

FY ended Dec. 31, 2021 FY ended Dec. 31, 2020 FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Cash flows from operating activities 335,352 186,979 247,536 253,602 377,070
Cash flows from investing activities (156,054) (127,875) (1,480,463) (236,984) (116,929)
Cash flows from financing activities (209,212) 284,159 796,902 409,522 38,864
Increases (Decreases) in cash (29,915) 343,263 (436,024) 426,140 295,235