Jinyang Holdings Reports Q1 Net Profit Turnaround and Pursues KRW 431 Billion Asset Sale

Consolidated Q1 2026: Revenue KRW 73.7B (vs 70.6B YoY), Operating profit KRW 2.3B (vs 2.2B), Net profit attributable to controlling interest KRW 7.9B (vs -9.6B YoY, turnaround)
Separate Q1: Revenue KRW 9.6B, Operating profit KRW 8.5B, Net profit KRW 13.5B (vs 5.9B YoY, +128%)
Capital increase: common shares from 55,895,292 to 63,900,000 (+14.32%), capital stock from KRW 27.9B to KRW 32.0B
Asset sale agreement for land and buildings in Busan (KRW 431B), final payment due July 17, 2026; assets held for sale KRW 75.4B book value
Debt-to-equity ratio: 60.45% (FY-end 2025: 55.72%), borrowings KRW 155.1B (FY-end: KRW 146.1B)
Key subsidiaries Q1 revenue: Jinyang Automotive KRW 34.2B, Jinyang Industrial KRW 22.2B, Jinyang Polyurethane KRW 12.4B
Parent KPX Holdings stake 67.43%, related party dividends paid KRW 5.6B