Haesung Optics posts 125% revenue surge, turns profitable in Q1 2026; financial structure remains a challenge

Consolidated revenue up 125% YoY to 69.5bn won, operating profit 0.7bn (vs -3.2bn), net profit 3.3bn (vs -5bn)
Strong VCM(OIS) business: expanded supply to global flagship smartphones, utilization rate 80%
High debt ratio 403%, accumulated deficit 90.7bn won
Major ongoing litigations: Optrontec damage claim (1bn), unjust enrichment claim (5.35bn + 5bn penalty)
Shares increased by 4.8 million from CB conversion, EPS 68 won
New subsidiary Hwaseong HS added, diversifying business portfolio