Hyunwoo Industrial Q1 net profit surges 47x, but operating cash flow weak

Consolidated Q1 2026 revenue KRW 60.7B (+20% YoY), operating profit KRW 3.4B, net profit KRW 4.0B (surge 47x from KRW 0.08B a year ago)
Separate operating profit KRW 1.4B, net profit KRW 2.0B, turning to profit from a loss of KRW 0.5B in prior year
Debt ratio improved to 72.04% from 75.81% at end of 2025; total equity KRW 116.9B
Consolidated operating cash flow positive at KRW 2.9B, but separate cash flow negative at KRW -5.6B
62,853 new shares issued from conversion of convertible bonds (dilution); dividend payable of KRW 1.3B recognized