Pyung Hwa Industrial: Q1 2026 Operating Profit Surges 4.8x, Net Profit Soars 5.9x
- Consolidated sales KRW 162.6bn (vs 150.3bn), operating profit KRW 5.1bn (est. 2.1bn), net profit KRW 8.5bn (vs 1.4bn), showing strong earnings improvement.
- Separate operating profit KRW 4.8bn (vs 1.2bn), net profit KRW 8.2bn (vs 0.6bn), up 4.1x and 13.3x respectively.
- Gains from FVPL financial assets valuation and disposal of KRW 2.5bn (vs loss of 0.3bn) and forex gains of KRW 1.3bn drove non-operating income surge.
- Total equity increased to KRW 70.7bn (from KRW 62.1bn); deficit narrowed to -KRW 23.9bn (from -KRW 32.4bn).
- Articles amended: rename outside directors to independent directors, raise required ratio from 1/4 to 1/3, allow electronic proxy.
- Full impairment maintained on long-term trade receivables (KRW 3.1bn) and other receivables (KRW 2.1bn) from Tianjin Pyung Hwa.
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KOSPI Filing Information
- Filing: [Correction of Description] Quarterly Report (2026.03)
- Company: PYUNG HWA INDUSTRIAL (090080)
- Submission: PYUNG HWA INDUSTRIAL CO., LTD
- Receipt: 05-15-2026