Dongkuk SNC Q1 Operating Loss of KRW 0.99B… US Tariff & Anti-Dumping Risks Persist
Consolidated Q1 2026 revenue KRW 15.8B (down 65% YoY), operating loss KRW 0.99B, net loss KRW 4.16B. 3rd consecutive year of operating loss → FSS auditor designation (Hangil Accounting) extended 3 more years (2026-2028).
Bad debt allowance KRW 81.4B (50% of receivables), KRW 96.6B subrogation for Sky Central project, 5 related lawsuits pending.
US steel tariffs of 50% and 4th preliminary anti-dumping duty on Korean wind towers (4.99%) ongoing. Export to US declined, capacity utilization down to 8.1%.
Total liabilities KRW 68.8B, short-term borrowings KRW 44.4B. Cash equivalents KRW 51.2B. Current ratio 115.9%.
Treasury shares 1,409,277 (approx 2.5%), loss per share -75 won. No dividend.
After reporting date, sold all shares in Gyeongju Wind Power.