Changwon Chamber of Commerce: Q3 Sales of Listed Companies in Changwon Increased

Gyeongnam Changwon Chamber of Commerce and Industry. / Photo by Se-ryeong Lee ryeong@

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The Changwon Chamber of Commerce and Industry in Gyeongnam announced the cumulative business performance for the third quarter of 2022 of listed companies headquartered in the Changwon area.

According to Changwon Chamber, the cumulative sales of 21 companies listed on the Korea Exchange in the Changwon area on a consolidated basis for the third quarter of this year amounted to 29.7815 trillion KRW, an increase of 21.8% compared to the same period last year, and 24.5% higher than the national average, the chamber said on the 23rd.

A table showing the consolidated sales of listed companies in Changwon, Gyeongnam for the third quarter of 2022. [Image source=Changwon Chamber of Commerce and Industry]

According to Changwon Chamber, the sales of listed companies on the Korea Exchange were led by Doosan Enerbility with 10.7993 trillion KRW, Hyundai Wia with 5.9589 trillion KRW, Hanwha Aerospace with 4.0217 trillion KRW, Hyundai Rotem with 2.2457 trillion KRW, and KISCO Holdings with 1.4238 trillion KRW.

Among them, 18 companies saw an increase in sales compared to the same period last year, including Sewon ENC and Hyundai BNG Steel both at 56.4%, Doosan Enerbility at 41.6%, Haesung DS at 36.8%, and STX at 35.8%.

Changwon Chamber also stated that the sales of 11 companies listed on the KOSDAQ market amounted to 2.0843 trillion KRW, a 13.9% increase compared to the same period last year, exceeding the national average by 22.1%.

Operating profit was 77.8 billion KRW, down 8.3% compared to the same period last year but 11.3% higher than the national average, while net profit was 36.9 billion KRW, down 58.1%, yet 3.1% higher than the national average.

According to Changwon Chamber's survey, the sales of KOSDAQ-listed companies were led by Shinsung Delta Tech with 599.3 billion KRW, EM Tech with 342.1 billion KRW, Sambo Industry with 340.1 billion KRW, Woosoo AMS with 259.1 billion KRW, and Nara M&D with 158.5 billion KRW.

All 11 companies showed increased sales, including Inhwa Precision at 43.9%, Sambo Industry at 30.6%, EM Tech at 19.2%, Nara M&D at 13.2%, and Terra Science at 11.8%.

Table showing the individual and separate basis sales revenue of listed companies in Changwon, Gyeongnam for the third quarter of 2022. [Image source=Changwon Chamber of Commerce and Industry]

On an individual and separate basis for the third quarter, the cumulative sales of 24 companies listed on the Korea Exchange in the Changwon area amounted to 17.3567 trillion KRW.

This represents a 17.7% increase compared to the same period last year, exceeding the national average by 16.2%.

Operating profit was 679.1 billion KRW, up 12.7% on the same basis, but net profit was 380.1 billion KRW, down 40.2%.

The sales of listed companies on the Korea Exchange were led by Hyundai Wia with 4.8512 trillion KRW, Doosan Enerbility with 3.6803 trillion KRW, Hyundai Rotem with 2.1815 trillion KRW, Hyundai BNG Steel with 987.9 billion KRW, and Hanwha Aerospace with 818.6 billion KRW.

Twenty companies saw increased sales compared to the same period last year.

These included Hyundai BNG Steel at 56.4%, Sewon ENC at 55.9%, STX at 47.0%, Doosan Enerbility at 44.9%, and Haesung DS at 36.8%.

Changwon Chamber said that the sales of 16 companies listed on the KOSDAQ market amounted to 1.7648 trillion KRW, a 12.9% increase compared to the same period last year.

Operating profit was 52.3 billion KRW, down 30.5% on the same basis but 19.7% higher than the national average, while net profit was 103.4 billion KRW, up 45.8%, marking a 23.0% increase over the national average.

The sales of KOSDAQ-listed companies were led by Gyeongnam Steel with 316.8 billion KRW, Sambo Industry with 272.6 billion KRW, Samhyun Steel with 262.6 billion KRW, EM Tech with 235.8 billion KRW, and Woosoo AMS with 180.1 billion KRW.

During the same period, 13 companies showed increased sales, including Inhwa Precision at 50.3%, Dongbang Sunki at 31.1%, Beomhan Fuel Cell at 29.3%, Sambo Industry at 29.0%, and Gyeongnam Steel at 28.1%.

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