Pyung Hwa Industrial Q1 2026 Consolidated Net Profit Soars to 8.5 Billion Won

Q1 2026 consolidated revenue: 162.6 billion won, operating profit: 5.1 billion won, net profit: 8.5 billion won (YoY revenue +8.2%, net profit +488%)
Separate financials: revenue 161.2 billion won, operating profit 4.8 billion won, net profit 8.2 billion won, EPS 150 won (vs 11 won in Q1 2025)
Significant non-operating gains from FVTPL financial assets (valuation gain 1.7 billion won, disposal gain 0.8 billion won) drove net profit surge
Period-end consolidated total assets: 291.8 billion won, liabilities: 221.1 billion won, equity: 70.7 billion won (accumulated deficit decreased to 23.9 billion won from 32.4 billion)
Separate equity 70.0 billion won, deficit 23.1 billion won, continuing reduction trend
R&D expenditure 4.1 billion won (2.56% of sales), ongoing development of EV and air suspension technologies
Articles amended to raise independent director requirement (at least one-third) and introduce electronic proxy, improving governance

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