Cheil Abrasive Q1 2026 net profit surges 119%, cancels 2,200,000 treasury shares

Consolidated net profit: 1,865M KRW, +119% YoY (EPS 281 vs 127)
Separate net profit: 1,116M KRW, +962% YoY (EPS 168 vs 16)
Cancellation of 2,200,000 treasury shares (~15.5B KRW); outstanding shares reduced from 9.8M to 7.6M
Dividend payment of 4.79B KRW
Consolidated sales: 19.50B KRW, +2.8% YoY
Cash and cash equivalents: 36.53B KRW; no debt (debt-free)
Revenue breakdown: General grinding wheels 93.19%, CBN wheels 5.92%
Key customers: POSCO, Hyundai Motor, long-term contracts
R&D expense: 254M KRW (1.30% of sales)
Contingent liabilities: guarantees 170M KRW, short-term export insurance USD 1.99M