HNS Hightech 2026 Q1: Sales +9%, OP -28%, R&D Expansion

2026 Q1 separate sales KRW 22.2bn (+9.3% YoY), operating profit KRW 3.1bn (-28% YoY), net profit KRW 4.1bn (+1.1% YoY)
Debt ratio 16.6%, short-term borrowings KRW 4bn, cash equivalents KRW 6.5bn, solid financial position
R&D expenditure KRW 2.0bn (9.0% of sales) vs KRW 1.0bn (5.2%) last year, focusing on next-gen ACF and new businesses (battery fireproof materials, EV heating materials)
Electronics segment recorded operating loss of KRW 0.19bn, while Materials segment OP KRW 3.26bn (+3.3% YoY)
In Nov 2025, completed retirement of 350,639 treasury shares (approx. KRW 6bn); maintains shareholder return policy (31st dividend yield 1.43%)
Reflected equity method losses of KRW 0.49bn from subsidiary and associate
New businesses: developing flame-retardant materials for battery thermal runaway and radiant heating materials for EVs, currently in customer evaluation

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