Hwaseong Valve Q1 2026 Consolidated Operating Profit 794M KRW… Standalone Operating Profit Declines YoY

Consolidated revenue 20.004B KRW (+6.0% vs prior quarter), operating profit 794M KRW (turned positive from full-year loss of -1.648B), net profit 360M KRW
Standalone revenue 16.184B KRW (-2.2% YoY), operating profit 626M KRW (-37.5% YoY), net profit 287M KRW
Credit rating downgraded: KED A→A-, ECredit BBB+→BBB
Inventory 51.375B KRW (39.7% of total assets), borrowings 25.38B KRW
R&D expense 142M KRW (0.7% of revenue), no dividends or share buybacks/cancellations