Daeyang Electric: Debt-free, Profit Growth, Credit Upgrade, Solid Order Backlog

Q1 2026 (separate): Sales 44.96B KRW (YoY -10.2%), Operating profit 5.55B KRW (YoY +12.7%), Net profit 6.79B KRW (YoY +34.1%)
Consolidated: Sales 50.9B KRW, Operating profit 6.27B KRW, Net profit 7.27B KRW
Net cash (debt-free): Net debt -42.86B KRW, Debt ratio 16.4% (consolidated)
Credit rating upgraded to AA- (Korea Data) from A+ in 2024
Quarterly cash dividend: KRW 200 per share, total 1.85B KRW (for fiscal year 38)
Order backlog: 328.5B KRW, 1.4x annual sales (230.1B KRW)
EPS (consolidated) KRW 784, (separate) KRW 733 (vs 621 and 548 YoY)