Haesung Optics Swings to Profit in Q1 2026…Operating Profit of KRW 703.8M

Consolidated Q1 2026 revenue: KRW 69.5B (vs KRW 30.9B in Q1 2025, +125%)
Consolidated operating profit: KRW 703.8M (vs loss of KRW 3.2B in Q1 2025, turnaround)
Consolidated net profit: KRW 3.3B (vs loss of KRW 5.0B in Q1 2025)
VCM(OIS) segment operating profit: KRW 2.3B (vs loss of KRW 1.3B in Q1 2025)
Issued 4.8M new shares in Feb 2026 due to conversion of convertible bonds (dilution)
Additional 2.0M shares conversion in May 2026 after reporting period
Debt-to-equity ratio: 403.1% (vs 416.0% at end of 2025, slight improvement)
Net debt-to-equity ratio: 126.6% (vs 130.9%)
FVTPL financial liabilities: KRW 2.6B (vs KRW 3.5B at end of 2025)
R&D expenses: KRW 438.5M (0.6% of revenue)
Subsidiary Haesung Vina: revenue KRW 64.9B, net profit KRW 404.7M
Ongoing litigations: Optrontec damage claim (KRW 1.0B), unjust enrichment claim (KRW 10.4B) etc.

ADVERTISEMENT (250px+)