Dynamic Design, Audit Opinion 'Unqualified'... "Performance Improvement and New Business Expansion This Year"

Dynamic Design announced on the 17th that it has received an unqualified audit opinion report for the last fiscal year from its external auditor.

Based on consolidated financial statements, last year's sales amounted to 58.2 billion KRW, a 10% increase compared to 2021, and during the same period, the operating loss was 7.2 billion KRW, continuing a deficit but improving by 59% compared to 2021.

To further enhance accounting transparency and the reliability of disclosures last year, Dynamic Design conducted internal accounting control system consulting with Samil Accounting Corporation. As a result of evaluating the reliability of the company's internal accounting control system and its contribution to disclosures in 2022 based on the internal accounting control system model standards, no vulnerabilities were found.

With the unqualified audit opinion and preparations for the internal accounting control system completed, the company plans to focus on improving performance in 2023. It is expected to concentrate efforts on turning a profit in its core tire mold business and generating revenue through new businesses such as nickel minerals.

Along with the continuous growth of global SUVs and electric vehicles, the dynamic market situation is predicted to benefit Dynamic Design through increased orders for tire molds. Accordingly, the company is responding to customer demand by holding multiple global production bases through proactive investments.

Recently, orders from Bridgestone, the world's second-largest tire manufacturer, have significantly increased, and the company has received supply proposals from Russia's KAMA, among other global clients, continuing to secure orders for high value-added products.

A representative from Dynamic Design stated, “We are currently strengthening a four-week production response system to improve productivity. Additionally, the nickel new business will secure mid- to long-term growth momentum by participating in building a diverse business pipeline from nickel ore mining, production, distribution, to refining, based on close cooperation with Indonesia's PT. AIM.”