Hwacheon Machinery Q1 2026: Net Profit Turns Positive Despite Operating Loss, Dividend Declared

Revenue: KRW 46.2B (slight increase YoY), Operating loss: KRW 0.6B (improved from KRW 1.0B loss), Net income: KRW 1.1B (turned positive)
EPS: KRW 51 (vs -KRW 33 in Q1 2025)
Debt ratio: 28.35% (up from 23.38% at year-end 2025, borrowings: KRW 3.0B)
Dividend: KRW 20 per share (total KRW 0.44B) for FY2025, no share buyback or cancellation
New businesses (defense, 3D printing, ERP) progressing but minimal near-term contribution
Planned capex: KRW 41B over 3 years (auto parts KRW 25B, machine tools KRW 16B)
Cash: KRW 9.9B, long-term borrowings: KRW 3.0B, pledged assets: KRW 35.5B