024850 - HLB Inno Vation

024850 Summary

Electronic Components

Stock Price & Overview

₩16,660 +780 (+4.91%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩16,660 ≈ US$12 · Market cap ₩0.5tn (≈ $378m)

024850 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	32.3	25.4	20.6	50.7	38.3	38.0	43.8	50.0	10.6	40.9	50.0
Cost of Revenue	27.9	22.5	17.6	45.7	37.3	35.1	42.1	46.2	10.7	43.7	54.2
Gross Profit	4.3	2.8	3.0	5.0	1.0	2.9	1.7	3.8	-0.1	-2.8	-4.2
Selling, General & Administrative	41.9	14.7	3.9	4.2	3.7	3.7	3.7	2.7	1.0	5.8	4.6
Operating Income	-37.6	-11.9	-0.9	0.8	-2.7	-0.8	-2.0	1.1	-1.1	-8.6	-8.8
Finance Income	4.8	3.3	2.1	0.9	0.3	0.8	0.6	0.5	0.2	1.0	1.2
Finance Costs	3.0	3.9	1.9	0.6	0.8	0.8	0.6	0.7	0.7	1.1	0.9
Pretax Income	-35.4	-12.3	-0.7	-0.8	-3.8	0.3	-0.8	0.7	-1.8	-3.2	-11.7
Income Tax Expense	1.7	-0.1	-0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.1	0.1
Net Income	-33.7	-12.4	-0.8	-0.8	-3.8	0.3	-0.9	0.6	-1.8	-3.3	-11.8
Total Comprehensive Income	-40.3	3.8	-0.4	-0.9	-4.4	0.6	-0.7	0.2	-2.8	-2.4	-10.5

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	268.8	268.0	92.2	38.0	33.5	34.4	33.2	36.4	36.7	40.9	47.7
Current Assets	47.3	55.5	61.8	26.7	21.7	23.8	20.9	23.0	21.7	24.7	27.8
Cash & Cash Equivalents	31.8	31.7	23.2	5.6	4.9	4.1	2.0	4.1	5.5	5.2	3.6
Inventories	8.6	5.6	3.4	6.5	5.4	8.5	9.0	7.9	6.0	7.6	9.7
Trade Receivables	—	—	—	7.0	7.7	7.5	6.9	8.2	7.2	7.4	10.0
Non-current Assets	221.4	212.5	30.4	11.3	11.8	10.7	12.2	13.3	15.1	16.3	19.9
Property, Plant & Equipment	21.3	21.3	2.8	5.2	7.0	8.0	9.1	10.1	12.0	13.3	17.0
Intangible Assets	179.2	184.1	0.0	—	—	—	—	—	—	—	—
Total Liabilities	47.4	16.0	35.1	23.0	18.6	15.1	14.2	16.7	17.3	18.7	23.1
Current Liabilities	46.2	13.6	32.9	13.8	11.7	11.0	10.4	13.3	13.6	15.2	17.5
Non-current Liabilities	1.3	2.5	2.2	9.2	6.9	4.1	3.7	3.3	3.6	3.5	5.5
Total Equity	221.3	252.0	57.1	15.0	14.9	19.3	19.0	19.7	19.5	22.3	24.7
Share Capital	72.3	72.2	33.3	20.3	20.0	20.0	19.4	19.4	19.4	19.4	19.4
Retained Earnings	16.4	-11.2	-29.9	-42.7	-41.7	-37.8	-36.5	-35.1	-35.8	-33.9	-31.1

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	-30.1	-7.9	1.8	1.0	2.2	2.5	-1.2	-0.4	-0.4	-0.5	-9.9
Cash from Investing Activities	-3.4	-141.0	-28.7	-3.6	-1.2	-0.9	-0.4	-0.3	1.3	5.4	4.7
Purchase of Property, Plant & Equipment	0.9	19.7	0.8	0.5	1.3	1.1	0.4	0.4	0.0	1.9	1.9
Cash from Financing Activities	33.6	156.9	-1.5	3.2	-0.2	0.4	-0.6	-0.6	-0.3	-3.3	1.7
Net Change in Cash	0.1	8.1	-28.4	0.6	0.9	2.0	-2.2	-1.3	0.6	1.5	-3.4

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4
Total Revenue	10.6	9.4	8.2	7.6	9.0	7.5	—
Cost of Revenue	8.6	8.2	7.0	6.5	7.6	6.7	—
Gross Profit	2.0	1.3	1.1	1.0	1.4	0.8	—
Selling, General & Administrative	11.2	11.6	9.8	10.6	10.9	10.6	—
Operating Income	-9.2	-10.4	-8.7	-9.5	-9.5	-9.8	—
Finance Income	1.0	0.4	3.6	0.4	0.3	0.5	—
Finance Costs	0.6	0.6	0.8	0.6	1.5	0.1	—
Pretax Income	-8.7	-10.5	-5.4	-9.7	-10.8	-9.4	—
Income Tax Expense	-0.3	-0.1	2.5	0.0	0.8	0.0	—
Net Income	-8.4	-10.4	-4.5	-9.7	-10.0	-9.4	—
Total Comprehensive Income	-5.2	-0.8	—	-10.4	-10.5	-4.2	—

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4
Total Assets	307.1	272.2	268.8	266.2	268.0	291.8	268.0
Current Assets	73.9	42.4	47.3	53.3	70.1	80.9	55.5
Cash & Cash Equivalents	55.4	24.2	31.8	39.9	47.1	31.4	31.7
Inventories	9.6	9.5	8.6	8.0	7.3	5.9	5.6
Trade Receivables	—	—	—	4.1	4.2	3.7	3.0
Non-current Assets	233.2	229.8	221.4	212.9	197.9	210.9	212.5
Property, Plant & Equipment	21.1	21.3	21.3	21.3	21.4	21.1	21.3
Intangible Assets	192.4	188.9	179.2	175.5	169.8	—	—
Total Liabilities	52.5	37.8	47.4	46.1	45.0	49.5	16.0
Current Liabilities	16.2	36.8	46.2	44.6	43.4	14.3	13.6
Non-current Liabilities	36.3	1.0	1.3	1.5	1.7	35.2	2.5
Total Equity	254.6	234.4	221.3	220.1	223.0	242.3	252.0
Share Capital	79.4	75.3	72.3	72.2	72.2	72.2	72.2
Retained Earnings	-2.1	6.1	16.4	20.8	30.5	34.0	-11.2

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4
Cash from Operating Activities	-8.8	-8.2	-4.2	-7.5	-9.1	-9.3	—
Cash from Investing Activities	0.1	0.7	-5.3	0.3	32.0	-30.5	—
Purchase of Property, Plant & Equipment	0.1	0.3	0.2	0.1	0.6	0.0	—
Cash from Financing Activities	40.1	-0.3	1.3	-0.2	-0.2	32.8	—
Net Change in Cash	31.4	-7.8	-8.1	-7.2	22.4	-7.1	—

Consolidated (CFS), from DART. 11 fiscal years and 7 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

024850 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	32.3	+27.2%	-14.0%	-3.2%	-4.3%
Operating income	-37.6	—	—	—	—
Net income	-33.7	—	—	—	—
EPS	₩-1,060	—	—	—	—
Operating cash flow	-30.1	—	—	—	—
Shareholders' equity	221.3	-12.2%	+145.3%	+62.9%	+24.5%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

024850 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	13.5%	11.2%	14.4%	9.9%	2.6%	7.7%
Operating margin	-116.4%	-46.9%	-4.6%	1.7%	-7.1%	-2.0%
Net margin	-104.3%	-48.8%	-3.7%	-1.7%	-9.9%	0.7%
Return on equity	-14.2%	-8.0%	-2.1%	-5.6%	-22.2%	1.3%
Return on assets	-12.5%	-6.9%	-1.2%	-2.4%	-11.2%	0.7%
Operating cash flow / revenue	-93.2%	-31.1%	8.6%	2.0%	5.8%	6.6%
Capex / revenue	2.8%	77.8%	3.7%	0.9%	3.4%	2.9%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.