Guyoung Tech: Q1 Sales Up 43% but Credit Rating Downgraded and High Debt Burden

Consolidated Q1 sales KRW 147.6bn (+43% YoY), operating profit KRW 8.4bn, net profit KRW 6.8bn (+43% YoY)
Credit rating downgraded: NICE BB+ as of Dec 2025 (vs K-Data BBB+ at end 2024)
Total borrowings KRW 409bn, net debt KRW 384bn, gearing ratio 70.2% (high leverage)
Cash dividend declared: unpaid dividends KRW 1.9bn recorded (dividend per share undisclosed)
Acquisition of US subsidiary CAR TECH, LLC completed (Oct 2025), expanding North American presence
R&D in eco-friendly parts like EV battery housing ongoing