Chunbo (A27828) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was KRW 35.6 billion, down 10% year-over-year, but operating profit turned positive at KRW 2.8 billion, reversing a loss from the prior year.

• Net income attributable to owners was KRW 0.9 billion, with basic EPS of KRW 93, compared to a loss in Q1 2024.

• Electronic materials sales grew slightly, while secondary battery materials and fine chemicals saw declines.

Financial highlights

• Consolidated assets at March 31, 2025: KRW 881.8 billion; equity: KRW 415.4 billion.

• Operating margin improved to 7.9% from a negative margin a year ago.

• Gross profit was KRW 5.3 billion, with a gross margin of 15%.

• Cash and cash equivalents increased to KRW 29.6 billion from KRW 15.9 billion at year-end 2024.

• Net debt to capital ratio improved to 50.4% from 57.6% at year-end 2024.

Outlook and guidance

• Management continues to focus on cost control and capital structure optimization.

• Ongoing investments in new battery material production lines and R&D for next-generation products.