Daehan Synthetic Fiber Q1 2026: Manufacturing Loss Widens, Net Profit Up on Equity Gains

Manufacturing: Revenue 24.1B KRW (down 7.8% YoY), operating loss 0.64B KRW (vs loss 0.17B KRW last year), loss widened
Leasing: Operating profit 1.89B KRW, stable earnings source
Net profit: 11.05B KRW (up 41% YoY) – driven by equity method gains of 6.05B KRW from affiliates
Total assets 842.3B KRW, debt-to-equity ratio 17.9% – very sound financial structure
Cash & cash equivalents 53.7B KRW, up 67% from year-end (liquidity improved)
Stock price: High 141,400 KRW, low 108,700 KRW over past 6 months; trading volume increasing
Treasury shares: 246,595 shares (18.57%) held; shareholder meeting approved holding/disposal plan (no actual disposal in Q1)
Dividend policy: Maintained consecutive dividends since 2017; no dividend announcement this quarter
Affiliates (TIS, Koryo Savings Bank, etc.) continue to generate positive equity method income