Shin Heung SEC Swings to Net Profit of 8.49 Billion Won in Q1 2026, Operating Profit 1.59 Billion Won

Q1 2026 consolidated revenue KRW 123.69B, operating profit KRW 1.59B, net profit KRW 8.49B (swing to profit from full-year 2025 net loss of KRW 5.81B)
Consolidated total assets KRW 909.7B, liabilities KRW 545.5B, equity KRW 364.2B (debt-to-equity ratio 149.7%)
Separate revenue KRW 45.7B, operating profit KRW 2.6B, net profit KRW 18.5B
Hungarian subsidiary recorded net loss of KRW 4.42B, US subsidiary net loss of KRW 3.65B
R&D expenses KRW 7.86B (0.64% of revenue)
No share buyback, cancellation or dividends during the period