Hanchang Reports Q1 2026 Operating Loss of 1.9B Won, Net Loss of 7.1B Won, Faces Regulatory Sanctions for Accounting Violations

Consolidated Q1 2026 revenue 836M won (166% YoY increase) but operating loss widened to 1.92B won (vs 1.18B loss in Q1 2025).
Net loss of 7.11B won (vs profit of 2.28B won in Q1 2025), including 5.22B won impairment on other receivables.
In May 2026, the Securities and Futures Commission imposed sanctions for accounting fraud (overstated revenue, etc.) including fines, 3-year audit firm designation, and prosecution referral.
Three pending lawsuits totaling 5.12B won (service fee, agreement, loan claims).
Short-term borrowings of 22.86B won vs cash of 0.75B won, indicating high liquidity risk.
Total equity of 3.79B won (controlling interest 11.65B won, non-controlling -7.87B won), weak financial structure.

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