Hansae Co Ltd
Founder : Kim Dong Nyeong
Executive Summery
It is worth noting that Hansae Co., Ltd is an experienced clothing manufacturer based in South Korea. The firm operates in the production of OEM and ODM services for the leading brands of clothing manufacturers internationally. The firm was founded in 1982, operating from Seoul, Korea, but its production takes place in Central America and Asia..
Company Overview
Hansae Co Ltd . is a south Korean apparel manufactural that design manufactures and export apperal to well known brands all around the word The organization was founded in 1982 by Kim Dong Nyoung whose main goal was apparel exporting over time company become international company that manufactures at its facilities located in Asia and Central America and delivers to its customers from North America, Europe, and Asia.
Industry Overview
Hansae Co. Ltd. is one of the firms in the global industry that deals with production of outdoor clothing and functional clothing. In other words, it means that functional wear clothing to be worn while participating in outdoor exercises like jogging or hiking is designed by them. Types of clothing produced in the company include jackets, fleece, hiking clothes, sports and weatherproof clothing.
Financial Performance
Particulars | FY2023(KRW) | FY2024(KRW) |
|---|---|---|
Revenue | 1,708,756,427,696 | 1,797,795,746,533 |
Cost of Sales | (1,387,957,566,267) | (1,489,300,519,637) |
Gross Profit | 320,798,861,429 | 308,495,226,896 |
Selling, General & Administrative Expenses | (152,573,755,960) | (166,297,519,011) |
Operating Income | 168,225,105,469 | 142,197,707,885 |
Non-Operating Income | 76,264,438,949 | 67,415,257,231 |
Non-Operating Expenses | (87,166,539,026) | (104,304,759,016) |
Finance Income | 10,131,859,958 | 10,768,418,798 |
Finance Costs | (26,828,005,979) | (29,204,976,602) |
Share of Profit/(Loss) of Associates & Joint Ventures | 298,047,719 | 2,259,700,088 |
Profit Before Tax | 140,924,907,090 | 89,131,348,384 |
Tax Expense | (28,889,726,550) | (30,748,965,705) |
Profit for the Year | 112,035,180,540 | 58,382,382,679 |
Graph
Chart
Key Financial Ratio
Particular | 2024 | 2023 |
SGA Exp Ratio | 9.25% | 8.93% |
Gross Profit Margin | 17.16% | 18.77% |
Net Profit margin | 3.23% | 6.56% |
Operating Profit Margin | 7.91% | 9.84% |
Cost of sale Ratio | 82.84% | 81.23% |
SWOT Analysis
Strengths
Good relations with major apparel companies around the world.
Diverse manufacturing plants located in many countries.
Weaknesses
Dependence on the international market and foreign consumers.
Susceptibility to labor costs in manufacturing countries
Opportunities
Increasing popularity of environmentally friendly garments.
Increasing interest in active and sports clothing.
Threats
Changes to trade policies and import tariffs.
Disruptions in the global supply chain.
Conclusion
Over the years, Hansa Co., Ltd. has become a trustworthy business associate for a number of leading fashion brands around the world owing to a lot of experience in producing items and managing business processes. Hansae's ability to adapt to emerging market demands, implement sustainable practices and produce diversified products is what made this company successful during all its years of activity. Despite the presence of some challenges the company may encounter such as stiff global competition and economic uncertainty, Hansae will continue performing well in the future because of its close relations with clients and innovative nature.
References
- Hansae Co Ltd Annual Report 2025
- Hansae Co Ltd Official Website