Kyung Chang Industrial Q1 2026 Results: Sales and Profit Up, Debt Ratio Improves

Consolidated Q1 2026 revenue: 171.7bn won (+2.1% YoY), operating profit: 4.5bn won (+27% YoY), net income: 3.3bn won (+94% YoY)
Separate revenue: 160.4bn won, operating profit: 4.0bn won (+64% YoY), net income: 2.6bn won (+287% YoY)
Debt ratio: consolidated 303.54% (improved from 313.22% at year-end), separate 332.86% (from 335.73%)
Reliance on major customers A and B: 71% (122.1bn won)
R&D expenses: consolidated 1.7bn won (1.05% of sales), separate 1.7bn won (1.05%)
Sensitivity: ±1.8bn won in pre-tax profit for 10% FX change, ±2.3bn won for 1% interest rate change
No material contingent liabilities or litigation