Sungmoon Electronics Q1 2026: Treasury Share Cancellation and Mixed Results

Consolidated Q1 2026 revenue KRW 13.87B (+3.0% YoY), operating profit KRW 0.67B (-11.5%), net profit KRW 0.73B (-16.0%)
Completed cancellation of 603,728 treasury shares (Mar 26) and disposal of 1,100,000 shares (Feb 27) → outstanding shares increased to 21,857,257, zero treasury shares
Separate revenue KRW 7.44B (+12.6%), operating profit KRW 0.20B, net profit KRW 0.60B (+54.8%)
Consolidated EPS KRW 34 (vs KRW 42), Separate EPS KRW 28 (vs KRW 19)
Total borrowings KRW 28.61B, current liabilities KRW 40.09B > current assets KRW 36.54B (current ratio 91.1%)
Equity method loss of KRW 0.13B from associates (Anhui Fengcheng, etc.)
R&D expense KRW 0.15B (2.03% of sales); 11 patents held
Credit rating BB+ (Korea Rating Data)