Hwaseung Enterprise Swings to Operating Loss in Q1 2026, Debt Ratio Exceeds 200%
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Consolidated Q1 2026 revenue: KRW 350.9B (down 17.1% YoY from KRW 423.4B)
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Operating loss: KRW 4.8B (vs profit of KRW 13.4B in prior year)
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Net loss attributable to parent: KRW 10.1B (vs net profit of KRW 0.25B)
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Debt ratio: 200.35% (up from 180.38% at year-end 2025)
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Net debt: KRW 580.5B (up from KRW 501.8B)
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Interest coverage ratio turned negative due to operating loss
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Dividend: FY2025 paid KRW 50 per share (FY2024: KRW 45), no quarterly dividend
KOSPI Filing Information
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Filing: Quarterly Report (2026.03)
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Company: Hwaseung Enterprise (241590)
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Submission: Hwaseung Enterprise Co., Ltd.
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Receipt: 05-14-2026