DH Autonex Q1 2026: Operating profit of KRW 282M but net profit declines, cash flow turns negative, net debt ratio rises

Consolidated Q1 2026 revenue KRW 14.36B (up 46.9% YoY), operating profit KRW 0.28B, net profit attributable to parent KRW 0.24B (down 52% YoY)
Net debt-to-equity ratio surged to 21.04% (from 8.51% at FY2025), cash & equivalents fell to KRW 2.59B (from KRW 6.59B), trade receivables rose to KRW 8.51B (from KRW 4.56B)
Operating cash flow turned negative to -KRW 3.22B (from +KRW 8.48B in Q1 2025) due to increase in receivables and inventory
Convertible bonds outstanding KRW 8.46B (conversion price KRW 500), related-party transactions including equity transfer (Mexico subsidiary)
Pending litigation: 6 cases (total claim ~KRW 11.5B), guarantees provided for others KRW 24.86B
Material weakness in internal accounting control identified (deficiencies in settlement review), corrective plan established
Stock trading remains suspended (since Feb 23, 2024)