Phone82-2-6924-3114 (Operator)

CEO : Yoon Chun Sung

LX International, 58, Saemunan-ro, Jongno-gu, Seoul, 03184, Korea

Financial information

Balance Sheet

Unit : KRW Billion

2019 Balance Sheet
Subject The first quarter of 2019 The second quarter of 2019 The third quarter of 2019 The fourth quarter of 2019 2019 TOTAL
Asset 5,696.1 5,670.2 5,597.2 4,876.0 4,876.0
2,981.6 3,005.8 2,887.2 2,484.0 2,484.0
2019 Current Asset details
· Cash & Cash Equivalents 352.2 368.9 301.4 423.6 423.6
· Trade Receivables 1,224.5 1,182.1 1,205.6 994.1 994.1
· Inventory 628.0 748.7 732.7 519.3 519.3
· Others 776.9 706.1 647.5 547.1 547.1
2,714.5 2,664.4 2,710.0 2,391.9 2,391.9
2019 Non-Current Asset details
· Tangible Assets 836.7 814.0 819.8 764.6 764.6
· Investments 602.0 624.7 618.2 534.1 534.1
· Intangible Assets 898.2 906.8 921.1 726.9 726.9
· Others 377.6 318.9 350.9 366.4 366.4
Liabilities 4,047.1 3,910.3 3,797.7 3,327.4 3,327.4
2,646.3 2,619.6 2,447.7 2,126.3 2,126.3
2019 Current Liabilities details
· Trade Payables 1,386.4 1,403.2 1,271.4 1,104.0 1,104.0
· Short-term Borrowings 119.1 108.4 225.3 136.4 136.4
· Current Portion of Bonds 257.0 321.7 216.8 222.9 222.9
· Others 883.8 786.3 734.2 663.1 663.1
1,400.8 1,290.7 1,350.0 1,201.1 1,201.1
2019 Non-Current Liabilities details
· Bonds Payables 389.3 319.4 319.5 319.5 319.5
· Long-term Borrowings 702.4 677.8 729.2 636.0 636.0
· Others 309.1 293.5 301.3 245.6 245.6
Equity 1,649.0 1,759.9 1,799.5 1,548.6 1,548.6

※ Figures are based on consolidated K-IFRS.

Unit : KRW Billion

2020 Balance Sheet
Subject The first quarter of 2020 The second quarter of 2020 The third quarter of 2020 The fourth quarter of 2020 2020 TOTAL
Asset 5,333.0 5,423.4 5,660.3 5,395.9 5,395.9
2,920.4 3,022.4 3,287.1 3,162.8 3,162.8
2020 Current Asset details
· Cash & Cash Equivalents 677.1 772.0 762.0 690.0 690.0
· Trade Receivables 1,098.3 1,040.3 1,372.2 1,298.7 1,298.7
· Inventory 547.8 651.6 626.3 645.1 645.1
· Others 597.2 558.5 526.6 529.0 529.0
2,412.6 2,401.0 2,373.3 2,233.1 2,233.1
2020 Non-Current Asset details
· Tangible Assets 795.8 806.2 798.6 742.4 742.4
· Investments 512.6 505.8 223.2 439.1 439.1
· Intangible Assets 741.1 732.6 721.9 694.8 694.8
· Others 363.1 356.4 629.5 356.8 356.8
Liabilities 3,544.3 3,614.7 3,832.3 3,637.6 3,637.6
2,382.4 2,352.7 2,626.3 2,518.3 2,518.3
2020 Current Liabilities details
· Trade Payables 1,152.4 1,107.4 1,471.1 1,547.8 1,547.8
· Short-term Borrowings 70.5 219.7 119.6 106.8 106.8
· Current Portion of Bonds 307.6 274.1 282.6 225.6 225.6
· Others 851.9 751.5 753.1 638.1 638.1
1,161.9 1,262.0 1,205.9 1,119.3 1,119.3
2020 Non-Current Liabilities details
· Bonds Payables 249.7 389.2 359.2 359.3 359.3
· Long-term Borrowings 617.9 576.1 549.9 506.6 506.6
· Others 294.3 296.7 296.8 253.4 253.4
Equity 1,788.7 1,808.7 1,828.1 1,758.3 1,758.3

※ Figures are based on consolidated K-IFRS.

Unit : KRW Billion

2021 Balance Sheet
Subject The first quarter of 2021 The second quarter of 2021 The third quarter of 2021 The fourth quarter of 2021 2021 TOTAL
Asset 6,039.1 6,039.1
3,745.6 3,745.6
2021 Current Asset details
· Cash & Cash Equivalents 653.1 653.1
· Trade Receivables 1,628.2 1,628.2
· Inventory 858.2 858.2
· Others 606.1 606.1
2,293.5 2,293.5
2021 Non-Current Asset details
· Tangible Assets 766.2 766.2
· Investments 467.5 467.5
· Intangible Assets 704.9 704.9
· Others 354.9 354.9
Liabilities 4,173.7 4,173.7
3,098.6 3,098.6
2021 Current Liabilities details
· Trade Payables 1,935.2 1,935.2
· Short-term Borrowings 211.0 211.0
· Current Portion of Bonds 191.4 191.4
· Others 761.0 761.0
1,075.1 1,075.1
2021 Non-Current Liabilities details
· Bonds Payables 309.4 309.4
· Long-term Borrowings 511.7 511.7
· Others 254.0 254.0
Equity 1,865.4 1,865.4

※ Figures are based on consolidated K-IFRS.

Income statement

Unit : KRW Billion

2019 Income statement
Subject The first quarter of 2019 The second quarter of 2019 The third quarter of 2019 The fourth quarter of 2019 2019 TOTAL
2,542.7 2,615.1 2,759.8 2,613.3 10,530.9
2019 Sales details
· Cost of Sales 2,353.9 2,416.2 2,584.2 2,463.1 9,817.4
188.8 198.9 175.6 150.2 713.5
2019 Gross Profit details
· SG&A Expenses 135.5 148.3 146.4 148.5 578.7
Operating Profit 53.3 50.6 29.2 1.7 134.8
-4.0 86.4 -17.4 -275.1 -210.1
2019 Non-Operating Profit details
· Finance Income/Costs -11.5 -11.9 -14.8 -11.0 -49.2
· Gain(loss) of Equity Method 6.6 3.4 0.5 -16.5 -6.1
· Other Income and Expenses 0.9 94.9 -3.1 -247.6 -154.8
49.3 137.0 11.8 -273.4 -75.3
2019 Profit Before Tax details
· Income Tax -39.9 35.4 2.8 -58.7 -60.4
89.2 101.6 9.0 -214.7 -14.9
2019 Net income details
· Attributable to LX International Corp. 82.6 88.4 2.0 -144.5 28.6
· Non-Controlling Interests 6.6 13.2 7.0 -70.2 -43.5

※ Figures are based on consolidated K-IFRS.

Unit : KRW Billion

2020 Income statement
Subject The first quarter of 2020 The second quarter of 2020 The third quarter of 2020 The fourth quarter of 2020 2020 TOTAL
2,449.8 2,307.3 3,155.2 3,370.3 11,282.6
2020 Sales details
· Cost of Sales 2,263.6 2,135.1 2,997.2 3,174.2 10,550.2
186.2 172.1 177.9 196.1 732.4
2020 Gross Profit details
· SG&A Expenses 136.3 141.9 143.0 151.3 572.6
Operating Profit 49.9 30.2 34.9 44.8 159.8
324.6 -2.0 -3.6 -23.0 296.1
2020 Non-Operating Profit details
· Finance Income/Costs -19.0 -12.6 -15.4 -19.1 -66.0
· Gain(loss) of Equity Method 343.5 2.8 -1.3 -5.5 339.4
· Other Income and Expenses 0.1 7.8 13.1 1.6 22.7
374.5 28.3 31.3 21.8 455.9
2020 Profit Before Tax details
· Income Tax 104.0 7.2 -10.0 -6.9 94.3
270.5 21.1 41.3 28.7 361.6
2020 Net income details
· Attributable to LX International Corp. 256.9 4.9 24.9 10.9 297.6
· Non-Controlling Interests 13.6 16.2 16.4 17.8 64.0

※ Figures are based on consolidated K-IFRS.

Unit : KRW Billion

2021 Income statement
Subject The first quarter of 2021 The second quarter of 2021 The third quarter of 2021 The fourth quarter of 2021 2021 TOTAL
3,685.2 3,685.2
2021 Sales details
· Cost of Sales 3,425.7 3,425.7
259.5 259.5
2021 Gross Profit details
· SG&A Expenses 146.2 146.2
Operating Profit 113.3 113.3
17.5 17.5
2021 Non-Operating Profit details
· Finance Income/Costs -2.2 -2.2
· Gain(loss) of Equity Method 20.7 20.7
· Other Income and Expenses -1.0 -1.0
130.8 130.8
2021 Profit Before Tax details
· Income Tax 33.0 33.0
97.8 97.8
2021 Net income details
· Attributable to LX International Corp. 61.1 61.1
· Non-Controlling Interests 36.7 36.7

※ Figures are based on consolidated K-IFRS.

Cash Flow Table

Unit : KRW Billion

Cash Flow Table
Subject 2020 2019 2018
Cash flows from operating activities 254.8 225.0 30.8
Cash flows from investing activities 265.8 78.1 (69.3)
Cash flows from financing activities (237.6) (229.8) (7.3)
Net increase(decrease) in cash and cash equivalents 283.0 73.3 (45.8)
Cash and cash equivalents as at January 1 423.6 342.0 395.2
Net foreign exchange difference (16.6) 19.3 (7.4)
Cash and cash equivalents as at December 31 690.0 423.6 342.0

※ Figures are based on consolidated K-IFRS.

Financial Ratios

Unit : KRW Billion

Financial Ratios
Ratios 2020 2019 2018
Stability Ratios Current ratio 125.6% 116.8% 118.0%
Liabilities to equity ratio 206.9% 214.9% 225.1%
Interesting bearing Liabilities to equity ratio 68.2% 84.9% 92.3%
Debt to equity ratio 22.2% 27.0% 28.4%
Interest coverage ratio 3.7x 2.7x 3.3x
Profitability Ratios Operating profit margin 1.4% 1.3% 1.7%
Profit before tax margin 4.0% -0.7% 1.6%
Net profit margin 3.2% -0.1% -0.4%
ROA 6.7% -0.3% -0.7%
ROE 20.6% -1.0% -2.3%
Investment Indicators EPS KRW 7,932 KRW 739 KRW -1,820
BPS KRW 37,205 KRW 30,303 KRW 29,191

※ Figures are based on consolidated K-IFRS.

Credit Ratings

NICE
AA-
13 May, 2021
KR
AA-
14 April, 2021
KIS
AA-
22 April, 2021

Rating Definition

  • AAA

    Capacity to pay and repay principal is extremely strong.

  • AA

    Capacity to pay and repay principal is very strong,
    but somewhat less than 'AAA'.

  • A

    Capacity to pay and repay principal is strong,
    but it is somewhat susceptible to external changes in the future.

  • BBB

    Capacity to pay and repay principal is adequate,
    but more likely to be weakened by future market changes.

  • BB

    Capacity to pay and repay principal faces no immediate problems,
    but its future stability is speculative.

  • B

    Capacity to pay and repay principal is poor. It is speculative.

  • CCC

    It may contain the possibility of default.

  • CC

    It may contain more possibility of default.

  • C

    Default is highly likely.

  • D

    In Default as of present time.

※ KIS : Korea Investors Service Inc.

※ NICE : National Information & Credit Evaluation Inc.

※ KR : Korea Ratings Corporation

External Auditor

External Auditor Information
External Auditor Information
Name Date Appointed Contract Period (Fiscal Year)
EY 2018.12.21 2019. 01 ~ 2021. 12
Auditor’s Opinion
Auditor’s Opinion
Year 2020 2019 2018
Opinion unqualified unqualified unqualified

Contact us

feel free toContact us

Tel82-2-3777-1114 (Operator)
AddressLG Gwanghwamoon B/D, 58, Saemunan-ro, Jongno-gu, Seoul, 03184, Korea
View Map

Personal Information Collection Consent *

■ Consent on Collection of Personal Information


(1) Personal Information Items to be Collected

The following personal information items are collected from the website of LX International Corp. (hereinafter referred to as the “Company”)

Personal Information Items to be Collected
Classification Collection Method Items to be Collected
Required Information Collected during customer inquiry and investment inquiry E-mail address
Automatic Collection Collected through the internet browser IP Address, cookie, date of visit, service use record

(2) Purpose of Collecting and Using Personal Information
The Company utilizes the collected personal information for the following purposes.
To secure smooth communications channel, such as delivering notices on customer inquiry and/or investment inquiry and verifying personal opinions, etc.

(3) Personal Information Retention and Use Period

The Company will retain and use the personal information within the scope consented to by the law or the user at the time of collecting the personal information.
Retention and use period of each personal information item are as follows

Personal Information Retention and Use Period
Classification Retention and Use Period
E-mail Address, IP Address, Cookie, Date of Visit, Service Use Record 3 Years

(4) Withdrawal of Consent on Collection and Use of Personal Information
User may withdraw the consent on collection and use of the personal information through the website of the Company at any time. Withdrawal of the consent can be made through contacting the privacy officer via telephone or e-mail, etc. and necessary measures, such as deleting the personal information, etc. will be made immediately. However, the above personal information are required to provide services on the customer inquiry and investment inquiry, and therefore, once the consent is withdrawn, the use of the services may be limited.

Information on the Substance When Requesting Access/Deletion of Personal Information *

■ Information on the Substance When Requesting Access/Deletion of Personal Information


When requesting to access/delete personal information, please complete the following information and submit to CONTACT US.


  • Email Address: (You must enter the e-mail address that was used when submitting to Contact Us before)
  • Matters of Request (please complete by selecting from the following.)
    • - Accessing the personal information collection consent and use details
    • - Deletion of personal information
  • Reason for the Request: (Please complete in detail.)
I have been informed on the terms of the aforementioned collection and usage of the personal information, and I consent after verifying all above terms.

Talk to
LX International

LX International is always open to listening to diverse stories from our customers. :)