Aekyung Chemical: Q1 2026 Operating Profit Turns Positive but Net Loss Continues; Subsidiary to Cease Operations
Consolidated Q1 2026: Revenue KRW 370.6B, Operating Profit KRW 5.8B (swing to profit vs. prior year), but Net Loss KRW 1.3B (total net loss KRW 1.4B, parent net loss KRW 1.3B)
Subsidiary Aekyung (Ningbo) Chemical decided to cease operations (Aug 31, 2026) and parent plans to participate in capital increase (two installments)
Guarantees for affiliates: total KRW 222.4B (increase of KRW 21.8B from year-end), 2 new cases added
Dividend policy: target separate payout ratio of 35%+ by 2027; cash dividend for FY2025 approved (amount not disclosed)
No share buyback/cancellation plan; treasury shares less than 1% of outstanding
Among 11 subsidiaries, Chinese subsidiary Aekyung (Ningbo) has negative equity (-KRW 14.9B) and accumulated losses