Samyung Trading: Q1 net profit up, high dividend and shareholder return policy announced

Consolidated Q1 sales 109.4B won (-5.7% YoY), operating profit 4.5B (-14.3%), net profit 19.8B (+12.0%). Separate net profit 32.9B (+4.2%).
Declared dividend of 1,206 won per share (241% market dividend yield), total 21.4B won. Established 3-year (2025-2027) shareholder return policy.
Debt ratio 19.17% (consolidated), net cash position (cash 36.8B, borrowings 18.6B).
Auto parts sales -10%, chemicals -2%, lenses flat. Equity method gains 14.4B (+16%) drove profit.
Subsidiary KoreaCubic fined 9.6B won by Fair Trade Commission (contingent liability).
Holds 544,090 treasury shares (3.0%).

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