Taesung Q1 2026: Revenue Surges 91% but Operating Loss Widens; Net Loss Narrows

Q1 2026 separate revenue KRW 10.6B, up 91% YoY from KRW 5.5B
Operating loss KRW 1.4B (vs loss KRW 0.35B YoY) widened, but net loss KRW 0.49B (vs KRW 1.3B YoY) narrowed 62%
Order backlog KRW 31.9B (end-Mar 2026), ~3x quarterly revenue
Property, plant & equipment increased, including construction in progress KRW 61.9B; borrowings KRW 30.8B (vs KRW 18.5B); net debt-to-equity ratio 4.3%
Ongoing development of glass substrate and secondary battery plating equipment; multiple patents held
Global PCB market grew 10.4% in 2024; high-value substrate market expected to grow on AI/HPC demand

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