1. South Korea Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
HWASEUNG ENTERPRISE Co., Ltd.

HWASEUNG ENTERPRISE Co., Ltd.

KKRX:241590
2,670.00
KRW
0.00
(0.00%)
-417.67EPS
186.92BMarket Cap
Nov 18Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
14,402.53
6,912.1
14,536.82
19,840.5
18,419.8
18,875.84
27,279.65
20,048.02
26,544.67
25,808.19
24,796.41
Basic EPS, GAAP
-0.03
780
373
284
1,031
662
-108
-165
-434
546
-477
-506.09
Free Cash Flow per Basic Share
-0.01
-535.83
-723.4
-1,117.17
8.01
-372.2
-1,760.1
-598.37
29.34
428.94
1,228.36
762.41
Dividend per Share
- -
- -
8.48
23.19
35.47
44.97
71.17
44.95
45.24
45.02
45.07
- -
Book Value per Share
1,166.11
3,569.81
4,261.5
4,621.24
5,758.51
8,554.11
8,857.67
8,870.33
8,485.07
8,652.24
7,620.6
7,391.96
Tangible Book Value per Share
1,141.03
3,529.67
4,194.54
4,550.05
5,305.63
8,033.62
8,334.33
8,176.67
7,804.35
7,965.23
6,951.03
6,744.59
Basic Weighted Avg Shares
40
44
111
60
61
61
60
61
61
61
61
61
Sales/Revenue/Turnover
- -
640,234
768,224
879,226
1,201,591
1,115,756
1,138,575
1,654,030
1,213,832
1,609,617
1,564,379
1,502,396
Operating Margin (%)
- -
6.85
7.62
4.58
7.11
5.6
0.62
3.19
1.07
5.13
2.29
1.04
Depreciation Expense
- -
18,280
25,432
37,318
48,539
57,678
61,694
73,326
70,992
71,418
75,299
74,108
Net Income, GAAP
-1
34,673
41,456
17,177
62,440
40,100
-6,514
-10,004
-26,277
33,108
-28,914
-30,663
Effective Tax Rate (%)
- -
18.81
21.24
26.1
16.53
14.87
418.29
216.11
- -
15.8
- -
- -
Profit Margin (%)
- -
5.42
5.4
1.95
5.2
3.59
-0.57
-0.6
-2.16
2.06
-1.85
-2.04
Working Capital
-46,027
38,704
-24,730
-48,661
-34,953
72,448
2,242
-20,724
-72,224
-152,720
-188,602
-210,814
LT Debt
8,340
12,970
34,386
63,699
81,068
43,966
65,944
89,902
65,409
53,327
38,318
45,436
Total Equity
63,046
192,790
261,471
283,124
367,462
537,461
550,420
591,183
559,384
563,750
471,304
458,497
Return on Invested Capital (%)
- -
13.73
11.46
5.59
10.82
6.39
-2.26
-5.3
- -
5.78
- -
- -
Return on Capital (%)
- -
14.57
11.37
4.85
11.05
6.01
-3.93
-3.16
- -
5.47
- -
- -
Return on Common Equity (%)
- -
27.19
18.41
6.39
19.87
9.26
-1.24
-1.86
-5
6.38
-5.87
-6.6

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
577,027
664,267
642,972
LT Borrowings
15,348
12,170
19,528
LT Finance Leases
22,970
27,533
25,908
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
61
61
61
Market Capitalization
298,099
272,652
186,918

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
601,858
667,769
643,451
Cash, Cash Equivalents & STI
128,150
138,768
156,438
Accounts Receivable, Net
94,586
123,704
105,091
Inventories
255,750
271,187
251,614
Total Current Liabilities
790,460
885,605
854,265
Payables & Accruals
- -
- -
- -
ST Debt
577,027
664,267
642,972
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.46%
-2.24%
-16.4%
Free Cash Flow
446,938.46%
350.11%
186.27%
Net Income, GAAP
-287,841.45%
-62.67%
-187.33%
Sales/Revenue/Turnover
- -
10.1%
-2.81%
Total Cash Common Dividend
- -
4.26%
0.08%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
345,369
391,678
386,114
486,455
1,609,617
2025
423,428
386,981
355,775
398,196
1,564,379
2026
350,912
397,514
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-25
101
131
338.96
546
2025
4
-172
-81.12
-228.44
-477
2026
-166.68
-29.85
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.06
45.02
2025
- -
- -
- -
- -
45.07
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gye-Young Lee
Full Time Employees
5
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
301 Dongik Seongbong Building Busan BU South Korea
IPO Date
Oct 4, 2016
Website
hsenterprise.co.kr
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Business
Hwaseung Enterprise Co., Ltd. (241590.KS) serves as a holding company primarily engaged in the manufacturing and distribution of sporting goods footwear and raw materials through its subsidiaries. The company manufactures and sells athletic shoes via original design manufacturing (ODM) and original equipment manufacturing (OEM) processes; purchases and sells natural rubber, synthetic rubber, recycled rubber, and EVA for applications in shoes, tires, and adhesive tapes; trades pepper and chemical materials; and supplies water to shoe manufacturing facilities. Founded in 2015 and headquartered in Seoul, South Korea, specifically at the 8th Floor, 301 Dongik Seongbong Building, Seocho-gu, it operates with a focus on the consumer cyclicals sector, exporting products to markets including Korea, Indonesia, China, and pursuing expansion into India. As a subsidiary of Hwaseung Industries Co., Ltd., it supports the broader Hwaseung Group's activities across materials, automotive parts, general trading, chemicals, and sports fashion ODM segments. Recent developments include plans for a large-scale non-leather footwear manufacturing facility in India with an investment of approximately Rs 1,720 crore to create 20,000 jobs, following an initial memorandum with Tamil Nadu shifted to Andhra Pradesh; and ongoing divestitures by the parent Hwaseung Corporation, such as a German PE firm Mutares acquiring majority stakes in two China-based auto supplier sites in Q4 2025 and an undisclosed buyer purchasing a 67% stake in Hwaseung Special Rubber (Taicang) Co., Ltd. for KRW 21 billion in October 2025.