Cheryong Industrial Q1 2026 Strong Results - Revenue +82%, Operating Profit +92%

Q1 2026 revenue 13.9 billion KRW (+82.8% YoY), operating profit 4.8 billion KRW (+92% YoY), net profit 5.3 billion KRW (+97% YoY)
Very stable financial structure: debt ratio 13.6%, cash and equivalents 13.6 billion KRW, short-term financial instruments 59.5 billion KRW, total liquidity 73.1 billion KRW
Credit rating A0 maintained (Seoul Credit Rating Info), same for three consecutive years
Order backlog 11.7 billion KRW (including HVDC insulators and fittings), two large supply contracts ongoing (total 30.6 billion KRW)
Dividend declared 5.7 billion KRW (300 KRW per share) - shareholder return policy maintained
Equity method gain from associate (Woojin Electric) of 0.75 billion KRW recognized
R&D expenditure 0.42 billion KRW (3% of sales), new HVDC-related products developed and further development underway
Debt-free operation maintained, continued investment in tangible and intangible assets