Print
Cho Kwang Leather (004700)   STOCK
 
Address 2B,IND.COM.,CHOKWANG LEATHER CO.,SONGJEONG-DONG, CHEONGJU-SI
Home Page www.chokwang.co.kr
Established 1966. 8.13 Tel 043-270-5311-3
Listed 1977. 5.10 IR
Common shares O/S 6,649,138 President Ji,Gil Sun
Preferred shares O/S No.of Employees 349(2007. 6)
Firm handles only cow hide and produces raw hide for handbags, knives and car seats. Despite the increase of exports, firm's year-on-year sales slipped, owing to poor domestic sales. Firm's net profit went down, due to declined nonoperating income, while firm's operating profit sharply slipped, deriving from biz revenue reduction and cost rise.
Firm has various clients and current level of biz revenue is likely to be sustained, based on high value added products production and market status in the industry. Firm depends on imports for raw hide, which is raw material, and it affects firm's profitability, but firm's cost burden is forecast to be unavoidable, in view of rising raw hide prices. fabric, which affects firm's profitability, and firm's cost burden is forecast to be unavoidable with rising raw fabric price hike in 2007. Firm makes an effort to enhance profitability thru discovery of new businesses and high value-added products production.
(date: 2007.06, unit : %)
Name Ji Gilsun Lee Yeonseok Lee Hongseok
Portion 9.6 6.0 4.8
(unit : %)
Sales Fabrics 95.5 Cost Raw Materials 71.5
Byproduct 3.8 Labors 11.1
Others 0.6 Overhead 17.3
(Unit : 100Mn.Won,Won)
Year 99.11 99.11 00. 4 04.10    -
Type RI BI SD MA
Amount 73.77  66.39  11.51  38.13  -