Hanchang Paper Turns Profitable in Q1 2026, Equity Boosted by Asset Revaluation
Q1 2026 (55th fiscal year): sales 65.6B won, operating profit 1.7B won, net profit 0.7B won (swing to profit vs annual operating loss of 5.2B won in 2025).
Land revaluation (65.1B won) increased tangible assets to 232.5B won, other capital components up 54.7B won, total equity expanded to 134.4B won.
High debt level maintained: total liabilities 204B won, borrowings 139B won, convertible bonds 4.6B won.
One pending lawsuit (299M won) with low likelihood of significant liability.
Stock consolidation decided (par value 500 won → 2,500 won, effective Apr 29), no change in capital.
Key raw material pulp/waste paper prices trending down; production volume up 8.9% YoY.
Two serious accidents (2024, 2025) and fines for safety law violations.