Hi Investment & Securities Reports Operating Profit of 226.5 Billion KRW Last Year... "Record High Performance for 3 Consecutive Years"

Annual Operating Profit Surpasses 200 Billion Won for the First Time

[Asia Economy Reporter Minji Lee] HI Investment & Securities has renewed its record-high performance, surpassing 200 billion KRW in annual operating profit for the first time.

On the 10th, HI Investment & Securities announced that its consolidated annual operating profit for last year reached 226.5 billion KRW. This represents a 69.0% increase compared to the same period last year, marking the third consecutive year of record-breaking performance and continuing growth for five consecutive years.

Following the first achievement of annual operating profit exceeding 100 billion KRW in 2020, HI Investment & Securities surpassed 200 billion KRW in annual operating profit within one year. Net profit for the period increased by 46.9% year-on-year to 163.9 billion KRW, maintaining over 100 billion KRW for two consecutive years. The key management indicator, Return on Equity (ROE), stood at 14.5%, demonstrating high profitability.

The profit contribution within the DGB Group was 26.8%, up 0.5 percentage points from the same period last year, leading the group's non-banking sector performance. On a separate basis, annual operating profit was 226.6 billion KRW, and net profit was 167.4 billion KRW, increasing by 74.0% and 56.7% respectively compared to the previous year.

HI Investment & Securities continued its strong performance driven by sustained growth in its core IB·PF business and favorable results in the product management business division. The annual net operating income of the IB·PF business was 271.2 billion KRW, a 31.9% increase year-on-year.

The real estate finance sector maintained its revenue growth due to favorable business conditions, while the IB division conducted various tasks such as rights offerings, SPAC listings, and participation in public bond underwriting syndicates. Contingent liabilities are actively managed through sell-downs and other measures. The contingent liability ratio to equity capital was 124.2%, down 12.6% from the end of the previous year, and the financial authorities' regulatory standard to keep the real estate debt guarantee ratio below 100% of equity capital was maintained at 88.7%.

The product management business recorded annual net operating income of 91.0 billion KRW, a 143.2% increase compared to the same period last year. The scale of revenue in the product management business significantly increased due to gains in the valuation of over-the-counter derivatives operations and proprietary investment (PI) asset management. The brokerage business recorded annual net operating income of 82.4 billion KRW, showing a slight increase of 1.6% year-on-year.

CEO Won-sik Hong stated, “Thanks to the strong performance of key business divisions such as real estate finance, we were able to renew record-high results for three consecutive years. We will continue the current growth trend by pursuing sustainable and solid advancement based on efficient use of physical capital and systematized management.”

This content was produced with the assistance of AI translation services.