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CLOVER HITECHNOLOGY CO.,LTD.

Main Activities: Semiconductor and Related Device Manufacturing

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Company Information

Full name
CLOVER HITECHNOLOGY CO.,LTD.

Headquarters
46-10, SONGJEONG-DONG, HEUNGDEOK-GU, CHEONGJU-SI, CHUNGCHEONGBUK-DO; Cheongju; Chungcheongbuk; 361290
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SINWOO (2011)
Incorporation Date: October 23, 1974
Total Employees: 244

Tel: 043-267-6586

Company Description

Sales decreased as production quantity decreased with reduced PDP production by main customers because of LCD over-supply. Operating income decreased with reduced selling price of driver IC packages and currency fluctuation. Net loss was posted with ordinary income decreased by loss from sale of fixed assets while currency exchange gains decreased. Business conditions will hardly improve as slack season will continue till the first half end and over-supply of downstream PDP market will continue.
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Company Analysis

According to the Individual - Audited financial statement for the first half of 2012, total net operating revenues decreased with -9.90%, from KRW 53,565,784 thousands to KRW 48,265,044 thousands. Operating result increased from KRW 1,587,037 thousands to KRW 3,986,716 thousands which means 151.20% change. The results of the period increased 10.58% reaching KRW 2,579,857 thousands at the end of the period against KRW 2,333,069 thousands last year. Return on equity (Net income/Total equity) went from 5.68% to 6.16%, the Return On Asset (Net income / Total Asset) went from 2.66% to 3.28% and the Net Profit Margin (Net Income/Net Sales) went from 4.36% to 5.35% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 88.14% compared to 113.72% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.94 to 1.07 when compared to the previous year.

Key Executives

Yun,Hong Jung President
Lee,Dong Hwi Non-Executive Independent Director
Na,Sin Yong Auditor
Song,Han Jun Chairperson
Kim,Beom Jun Executive Director

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Balance Sheet

Total Assets

78,589,377

78,740,426

Current Assets

30,421,649

34,243,345

Total Liabilities

35,895,523

36,889,364

Shareholders Equity

42,693,853

41,851,062

Current Liabilities

30,998,552

31,943,849

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

87,706,258

48,265,044

Operational Profit (Loss)

5,642,965

3,986,716

Net Profit (Loss)

3,519,396

2,579,857

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

4.48%

3.28%

Return on Equity (ROE)

8.24%

6.16%

Return on Sales (ROS)

4.01%

5.35%

Return on Capital

7.4%

5.51%

Gross Profit Margin

14.36%

16.58%

Efficiency Ratios

Current asset turnover

2.88x

1.41x

Asset Turnover

1.12x

0.61x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

1,484,623

1,603,891

EBITDA

6,083,549

4,200,070

Bookvalue (BV)

41,511,123

40,595,251

Liquidity Ratios

Current Ratio

98.14%

107.2%

Quick ratio

75.47%

80.96%

Doom's day ratio

26.29%

17.66%

Cash Flow to Debt

12.36%

4.96%

Leverage Ratios

Leverage ratio

184.08%

188.14%

Interest Coverage Ratio

813.71%

890.58%

Debt to equity

84.08%

88.14%

Debt to total assets

45.67%

46.85%

Long Term Debt to Capital

10.29%

10.57%

Market ratios

Price/Book Ratio

1.85

1.74

Trend Ratios

Revenue Trend

85.08%

90.1%

Net Income Trend

188.98%

110.58%