Publicly Listed Companies in Changwon Area: Sales ↑, Net Profit ↓ Last Year

Changwon Chamber of Commerce and Industry, Headquarters Located in Changwon

Announces Survey on Last Year's Business Performance of Listed Companies

The Changwon Chamber of Commerce and Industry in Gyeongnam investigated and announced the 2022 business performance of listed companies headquartered in the Changwon area.

Gyeongnam Changwon Chamber of Commerce and Industry.

In 2022, the cumulative sales of 21 companies listed on the Korea Exchange in the Changwon area on a consolidated basis amounted to 42.4358 trillion KRW, an increase of 23.2% compared to the previous year (national average +21.3%). Operating profit was 2.3605 trillion KRW, up 33.4% from the previous year (national average -14.7%), and net profit was 182.3 billion KRW, down 86.9% compared to the previous year (national average -17.3%).

The sales of listed companies on the Korea Exchange were led by Doosan Enerbility (15.4211 trillion KRW), Hyundai Wia (8.2076 trillion KRW), Hanwha Aerospace (6.5396 trillion KRW), Hyundai Rotem (3.1633 trillion KRW), and KISCO Holdings (1.8106 trillion KRW) in that order.

Companies with increased sales compared to the previous year included Sewon ENC (+52.3%), Hyundai BNG Steel (+49.7%), Doosan Enerbility (+40.3%), STX Heavy Industries (+30.5%), and STX (+28.4%), totaling 18 companies.

The sales of 11 companies listed on the KOSDAQ market amounted to 2.7778 trillion KRW, an increase of 11.4% compared to the previous year (national average +19.9%). Operating profit was 67.9 billion KRW, down 42.0% from the previous year (national average +0.8%), and net profit was -4.2 billion KRW, turning to a loss compared to the previous year (national average -23.5%).

The sales of KOSDAQ-listed companies were led by Shinseong Delta Tech (793.4 billion KRW), Sambo Industries (455 billion KRW), EM Tech (415.8 billion KRW), Woosoo AMS (356.9 billion KRW), and Nara M&D (218.2 billion KRW). Companies with increased sales compared to the previous year included Inhwa Precision (+34.3%), Sambo Industries (+27.8%), Woosoo AMS (+15.0%), Woorim PTS (+12.8%), and Nara M&D (+12.1%), totaling 9 companies.

On an individual and separate basis in 2022, the sales of 24 Korea Exchange-listed companies in the Changwon area amounted to 25.0296 trillion KRW, an increase of 22.7% compared to the previous year (national average +11.8%). Operating profit was 915.8 billion KRW, up 22.1% from the previous year (national average -36.0%), and net profit was -516.7 billion KRW, turning to a loss compared to the previous year (national average -36.2%).

The sales of 16 KOSDAQ-listed companies amounted to 2.3445 trillion KRW, an increase of 7.6% compared to the previous year (national average +14.9%). Operating profit was 34.9 billion KRW, down 63.3% from the previous year (national average +8.1%), and net profit was 2.8 billion KRW, down 97.4% compared to the previous year (national average -14.5%).

A representative from the Changwon Chamber of Commerce and Industry stated, “Listed companies in the Changwon area, which are mainly in downstream industries, saw cost increases translate into sales growth. The record-high export performance of the defense industry in the third quarter and the economic recovery of upstream industries such as transportation equipment and power generation facilities drove the increase in sales.” He added, “On the other hand, net profit appears to have decreased due to increased financial and other costs caused by high interest rates.”

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