Chinhung turns operating profit in Q1 2026, no dividends or buyback

Q1 2026 standalone: Revenue 183.6B won, Operating profit 11.1B won, Net profit 9.5B won (swung from 23B loss in full 2025)
Cash and equivalents 97B won (down from 143B at year-end 2025), net cash 83.3B (no net debt)
No dividends, share buyback or cancellation plans (no dividends paid for past 5 years)
Orders in hand 3.90 trillion won (up from 3.53 trillion)
Total guarantees provided 1.26 trillion won, including 42.6B financial guarantee contracts
45 pending lawsuits (11 filed by company, 34 against) totaling 133.5B won; no provisions recognized for most
Ongoing disclosure on potential stake sale by major shareholder (Hyosung Heavy Industries) – undetermined
Inventories 3.4B won, allowance for doubtful accounts 60.5B won (27.9% of construction receivables)
Construction capability ranking 44th with 103.2B won (2025)