Hanyang Digitech Q1 2026: Revenue 192B Won, Operating Profit 6.8B Won; Credit Rating Downgrade and CEO Resignation

Q1 2026 consolidated revenue 192B won (increase YoY), operating profit 6.8B won (margin 3.5%), net profit 5.0B won
Borrowings decreased from 16.3B to 10B won, cash increased from 17.2B to 23.0B won, debt ratio 76.7% (75.0% at year-end 2025)
Credit rating downgraded from BBB+ to BBB- (Ecreditable, 2026.03.26)
CEO Kim Hyung-uk resigned on 2026.01.28 (due to incident); transition to CEO Kim Yun-sang
Board resolution to dispose treasury shares (2026.02.23) but no actual disposal yet
High reliance on Samsung Electronics (memory modules 60.6%, SSD 37.9%)
R&D spending only 0.10% of sales
New AI data center business under review (early stage)
No dividends paid for last 5 years