Cheryong Electric Q1 2026: Revenue and Profit Down, Dividend Up
Q1 2026 consolidated revenue of 34.67 billion KRW, operating profit 5.89 billion, net profit 8.06 billion, down 31.0%, 55.4%, and 45.3% YoY respectively (revenue 50.2 billion, net profit 14.73 billion in Q1 2025).
Strong financial structure with debt ratio of 21.11%, holding cash and equivalents of 40.6 billion and short-term financial instruments of 116.3 billion.
2025 year-end dividend increased to 1,100 won per share (220% par value) from 1,000 won previously, total dividend 17.67 billion.
Acquired tangible assets (land, buildings for Daejeon 2nd plant) worth 43.0 billion in March 2026, expanding production capacity.