Sambo Industrial Q1 in black but capital impairment, debt ratio 1118% continue; going concern uncertainty

Consolidated Q1 revenue 77.3B won, operating profit 5.4B won, net income 0.34B won (swing to profit from loss YoY)
Separate financial statements show complete capital impairment (equity -0.47B); consolidated debt ratio 1,118%, net debt ratio 759%
Credit rating B- (Nice Investors Service); auditor emphasizes going concern uncertainty
Largest shareholder Lee Tae-yong pledged all 23.12% stake (3.79M shares); collateral amount 15.88B won
Issued 4th CB (4.6B won) in Feb 2026 (conversion price 1,784 won); equity placement of 1.087M shares in Apr 2026 (issue price 920 won)