Samsung Electronics is South Korea's largest technology conglomerate and a global leader in semiconductors, consumer electronics, and telecommunications equipment. While the DART filing data provided does not contain specific business segment breakdowns, Samsung is publicly known to operate through major divisions including Device Solutions (memory chips, system LSI, foundry), Device eXperience (smartphones, consumer electronics, home appliances), and Samsung Display.
[TRANSLATION NOTE] The Korean filing headers confirm this is consolidated financial statement ("연결재무제표") data for fiscal year 56 (2024), but detailed segment descriptions are not included in this dataset.
Samsung demonstrated strong recovery in FY2024. Revenue reached KRW 300.9 trillion (up 16.2% from KRW 258.9 trillion in FY2023), rebounding from the FY2023 downturn but still slightly below the FY2022 peak of KRW 302.2 trillion.
Profitability improved dramatically: operating profit surged to KRW 32.7 trillion in FY2024 from just KRW 6.6 trillion in FY2023 (a near 5x increase), though still below the FY2022 level of KRW 43.4 trillion. Operating margin expanded to 10.9% in FY2024 from a cyclical low of 2.5% in FY2023. Net income more than doubled to KRW 34.5 trillion from KRW 15.5 trillion.
The balance sheet strengthened with total assets reaching KRW 514.5 trillion (up 12.9% year-over-year). However, total liabilities increased to KRW 112.3 trillion from KRW 92.2 trillion, raising the debt-to-equity ratio to 27.9% from 25.4%. Retained earnings grew to KRW 370.5 trillion, reflecting sustained profitability despite shareholder distributions.
The filing data does not include detailed ownership or foreign shareholding information. Based on public disclosures, Samsung Electronics is controlled by the Lee family through a complex cross-shareholding structure centered on Samsung Life and Samsung C&T. Foreign ownership typically represents a substantial portion of free float shares but exact percentages are not available in this dataset.
[TRANSLATION NOTE] Ownership details would typically appear in separate disclosure sections not included in this financial statement extract.
Semiconductor cyclicality: The wild operating margin swing from 14.3% (FY2022) to 2.5% (FY2023) to 10.9% (FY2024) illustrates Samsung's acute exposure to memory chip pricing cycles, which can compress profitability rapidly despite stable revenues.
Rising capital intensity: Non-current assets jumped 10.6% to KRW 287.5 trillion in FY2024, reflecting heavy ongoing investment in advanced semiconductor capacity amid intensifying competition from Chinese manufacturers and concerns about potential overcapacity.
Samsung's dramatic earnings recovery in 2024 demonstrates cyclical upswing potential, but structural margin pressure from capital intensity and persistent semiconductor volatility warrant caution despite the company's market-leading positions across multiple technology verticals.
⚠️ This profile is AI-generated from DART filings. Quantitative data is reliable. Qualitative summaries should be verified against original Korean filings for investment decisions.