HJ Shipbuilding & Construction Co., Ltd. operates in the shipbuilding and construction sectors in South Korea. Based on the company name and financial structure typical of Korean shipyards, the company engages in vessel construction, ship repair, and potentially offshore construction activities. The company reports consolidated financial statements, indicating it operates through multiple subsidiaries or business units.
[TRANSLATION NOTE: Specific business segment details and operational descriptions would require translation from Korean source documents not fully provided in this dataset.]
The company has experienced significant volatility followed by a recovery trajectory:
Revenue: Sales declined from KRW 2,162 billion in FY2023 to KRW 1,886 billion in FY2024, representing a 12.8% year-over-year decrease.
Profitability: The company achieved a dramatic turnaround in operating performance. After posting an operating loss of KRW 108.8 billion in FY2023, it returned to profitability with operating income of KRW 7.3 billion in FY2024. Net income swung from a loss of KRW 114.3 billion in FY2023 to a profit of KRW 5.2 billion in FY2024.
Balance Sheet: Total assets decreased substantially from KRW 2,891 billion (FY2023) to KRW 2,204 billion (FY2024), driven primarily by a sharp drop in current assets from KRW 1,727 billion to KRW 1,073 billion. Total liabilities fell from KRW 2,550 billion to KRW 1,861 billion. The company carries substantial accumulated deficits of KRW 1,463 billion as of end-2024, though this improved from KRW 1,533 billion a year earlier.
Debt Level: Total debt-to-equity stands at approximately 5.4x, indicating high financial leverage, though improved from 7.5x in the prior year.
Specific ownership and foreign shareholding data are not included in the financial statement excerpts provided. The stated capital remains stable at KRW 416.4 billion across all three reporting periods.
[TRANSLATION NOTE: Detailed shareholder structure, controlling shareholder identity, and foreign ownership percentage would require translation from the full Korean business report sections not included in this dataset.]
Liquidity Pressure: Current liabilities of KRW 1,555 billion substantially exceed current assets of KRW 1,073 billion as of December 2024, creating a negative working capital position of KRW 482 billion. This indicates potential short-term liquidity stress.
Accumulated Deficit Overhang: Despite recent profitability, the company carries accumulated losses exceeding KRW 1.46 trillion, representing 3.5x total equity. This massive deficit constrains financial flexibility and may limit access to capital markets.
HJ Shipbuilding has achieved operational turnaround from heavy losses to modest profitability, but investors must weigh this recovery against persistent balance sheet weakness including negative working capital and accumulated deficits exceeding three times equity.
Market capitalization: KRW 2,311 billion (as provided)
⚠️ This profile is AI-generated from DART filings. Quantitative data is reliable. Qualitative summaries should be verified against original Korean filings for investment decisions.