Boryung

Financial Information

Summary of Consolidated Statements of Financial Position

(Unit : KRW 1,000,000 / As of December 31, 2022)

Summary of Consolidated Statements of Financial Position
Financial items	2022	2021	2020
Current assets	338,378	437,314	315,660
Non-current assets	554,008	391,327	332,334
Total assets	892,386	828,641	647,994
Current liabilities	227,483	155,953	122,871
Non-current liabilities	98,489	198,374	184,835
Total liabilities	375,969	354,327	307,706
Share capital	34,345	34,345	23,810
Other paid-in capital and Other components of equity	105,393	104,691	20,284
Retained earnings	376,179	334,827	295,816
Total equity	516,417	474,314	340,288

Summary of Consolidated Statements of Comprehensive Income

(Unit : KRW 1,000,000 / As of December 31, 2022)

Summary of Consolidated Statements of Comprehensive Income
Financial items	2022	2021	2020
Revenue	760,476	627,279	561,867
Cost of sales	453,289	362,342	330,425
Gross profit	307,187	264,937	231,442
Selling and administrative expenses	208,879	184,343	155,949
R&D expenses	41,705	39,146	35,506
Operating profit	56,603	41,448	39,986
Finance income	37,461	11,916	658
Finance costs	21,375	5,156	4,204
Other income	2,317	1,377	1,938
Other expenses	11,980	4,320	2,334
Share of loss of associates	-4,154	25,453	0
Profit before income tax	58,872	70,718	36,044
Income tax expense	16,934	27,599	9,184
Profit for the year	41,938	43,119	26,860
Total comprehensive income for the year	48,796	44,409	25,494

Major financial ratio

(As of December 31, 2022)

Major financial ratio
Financial items	2022	2021	2020
Revenue growth rate	21.23%	11.64%	7.17%
Profit growth rate	-2.74%	60.53%	-16.64%
ROA	4.87%	5.84%	4.65%
ROE	8.47%	10.59%	8.62%
Debt ratio	72.80%	74.70%	90.43%
Reserve ratio	1095.30%	974.89%	1242.40%
Interest coverage ratio (times)	9.24	9.26	11.96

Analysis on profitability

(As of December 31, 2022)

Analysis on profitability
Financial items	2022	2021	2020
Gross profit margin	40.39%	42.24%	41.19%
R&D investment ratio	6.09%	6.64%	6.32%
Selling and administrative expenses ratio	27.47%	29.39%	27.76%
Operating profit margin	7.44%	6.61%	7.12%
Profit ratio for the year	5.51%	6.87%	4.78%

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