Simmtech 2026 Q1: Operating Profit of KRW 13.7B, Turns to Black… Credit Rating Downgraded

Consolidated Q1 2026 revenue: KRW 422.3B, operating profit KRW 13.7B (turn to black), net profit KRW 14.4B (vs. net loss of KRW 164.6B in FY2025).
Credit rating: eCredible B+ (from BB- in 2025), cash flow rating D (negative).
Debt ratio: 181.9%, net debt ratio: 102.9% (high financial burden).
Dividend per share: KRW 100 for 11th fiscal year (same as prior year).
Treasury shares: 8,266 shares held (odd lots), long-term holding plan.
All convertible bonds and bonds with warrants fully converted (increase in shares).
Capacity utilization rate: 78.9%.
Major customers: Samsung Electronics 31%, SK Hynix 17%, Micron 14%.
R&D expense: KRW 14.0B (3.32% of sales), 150 patents.
PCB market forecast: 12.5% growth in 2026.