Chunbo Q1 2026: Revenue up 14% but Operating Profit Turns to Loss

Consolidated Q1 2026 revenue of KRW 40.8bn (+14% YoY), operating loss of KRW 3.4bn (vs profit in prior year period), net loss of KRW 9.5bn.
Secondary battery materials segment posted operating loss of KRW 7.3bn, while electronic materials contributed KRW 3.2bn operating profit.
Leverage improved: net debt ratio 40.21% (from 42.99% at year-end), total borrowings decreased to KRW 340.7bn.
Cash and equivalents increased to KRW 18.3bn; heavy capex continues with construction in progress of KRW 181.7bn.
R&D expenditure KRW 0.71bn (1.75% of sales), credit rating BB+ (speculative grade).
Derivative liabilities on convertible bonds of KRW 86.5bn; maturing debt within one year of KRW 111.8bn.
No share buyback, cancellation, or dividend plans.