Seongwoo Techron Q1 2026: Operating Profit Surges 172%, Credit Rating Maintained at A-

Consolidated revenue: ₩117.8B (+2% YoY), operating profit ₩1.37B (+172%), net income ₩1.59B (+51%)
Segment: Equipment revenue down, Parts up, PCB up; PCB loss narrowed
Total assets ₩103.2B, liabilities ₩26.5B, equity ₩76.7B; debt-to-equity 34.5%
EPS ₩155 (vs ₩104); stock dividend of ₩10/share
Credit rating A- (NICE D&B) unchanged
Borrowings decreased to ₩8.5B (from ₩9.45B); cash ₩14.1B
Treasury shares: 367,175 shares (3.48%); no buyback/sell plans
R&D spending ₩0.25B (2.10% of sales)