HD Hyundai Co., Ltd. operates as a holding company for the HD Hyundai Group, one of South Korea's major conglomerates. [TRANSLATION NOTE] The company name and business structure are derived from Korean DART filings and may require verification for precise English nomenclature. The company serves as the parent entity overseeing various industrial subsidiaries in sectors including heavy industries, shipbuilding, machinery, and energy solutions. As of December 2024, the company reported total assets of KRW 73.9 trillion (fiscal year 8), reflecting its position as a substantial industrial holding company.
HD Hyundai demonstrates solid revenue growth and improving profitability. Consolidated revenue increased 10.5% year-over-year from KRW 61.3 trillion (FY2023) to KRW 67.8 trillion (FY2024). Operating profit surged 46.8% from KRW 2.0 trillion to KRW 3.0 trillion, indicating meaningful operational improvement. The operating margin expanded from 3.3% to 4.4% during this period.
Net profit more than doubled from KRW 786 billion (FY2023) to KRW 1.9 trillion (FY2024), representing a 146% increase and demonstrating strong earnings recovery. Retained earnings grew from KRW 2.4 trillion to KRW 3.0 trillion.
The debt profile shows moderate leverage with total liabilities of KRW 47.5 trillion against total equity of KRW 26.4 trillion (debt-to-equity ratio of approximately 1.8x). Total liabilities increased 6.1% year-over-year, while equity grew 13.6%, indicating improving capital structure. Current liabilities rose from KRW 28.5 trillion to KRW 32.3 trillion, while non-current liabilities decreased from KRW 16.2 trillion to KRW 15.1 trillion.
The company has stated capital of KRW 81.4 billion (unchanged across the three reporting periods). [TRANSLATION NOTE] Specific ownership breakdown and foreign ownership percentage are not provided in the submitted financial statement extracts. This information would typically appear in separate disclosure documents or shareholder structure filings not included in this dataset.
Earnings Volatility: The dramatic swing in net profit from KRW 2.2 trillion (FY2022) to KRW 786 billion (FY2023) and back to KRW 1.9 trillion (FY2024) demonstrates significant earnings instability, likely reflecting cyclical industrial markets and project-based revenue recognition.
Working Capital Pressure: Current liabilities (KRW 32.3 trillion) nearly match current assets (KRW 35.6 trillion), providing a current ratio of only 1.1x, which limits financial flexibility for a capital-intensive conglomerate operating in cyclical industries.
HD Hyundai presents a recovering profitability story with strong 2024 earnings momentum and improving margins, though investors should weigh this against persistent earnings volatility and moderately leveraged balance sheet structure.
⚠️ This profile is AI-generated from DART filings. Quantitative data is reliable. Qualitative summaries should be verified against original Korean filings for investment decisions.