Daejin Advanced Materials: Q1 Revenue Up but Losses Continue; Trading Suspended

Consolidated Q1 2026 revenue: 26.3 billion won (+30% YoY), operating loss 4.9 billion won, net loss 4.2 billion won
Debt ratio improved to 149.7% (from 193.4% at year-end 2025), total equity 62.1 billion won
Shares increased to 17.85 million (from 14.83 million) via equity issuance and stock option exercise
Accumulated deficit: 43.5 billion won (consolidated) / 63.9 billion won (separate)
Convertible bonds 24.8 billion won (book value 20.5 billion won), conversion price 6,300~9,349 won (current stock price 4,305 won)
Stock trading suspended since March 9, 2026 due to listing eligibility review
R&D expense 0.16 billion won (0.61% of revenue), no dividends or share buybacks