Young Poong (000670) Q1 2025 earnings summary

Executive summary

• The group operates in non-ferrous metal smelting (mainly zinc), electronics (PCB, FPCB), and semiconductor packaging, with significant domestic and overseas subsidiaries.

• Zinc prices rose 16% year-over-year to $2,840/MT, supporting revenue growth in the smelting segment.

• The group maintains a 25% domestic market share in zinc and is a key supplier to major industries including steel, automotive, and electronics.

Financial highlights

• Q1 2025 consolidated revenue: KRW 571.9 billion, down from KRW 741.4 billion in Q1 2024.

• Operating loss: KRW -56.3 billion (Q1 2024: KRW -43.2 billion).

• Net profit attributable to owners: KRW 287.8 billion (Q1 2024: net loss of KRW -5.8 billion).

• Basic EPS: KRW 160,994 (Q1 2024: KRW -3,253).

• Total assets: KRW 5.75 trillion; equity: KRW 4.28 trillion; liabilities: KRW 1.48 trillion.

• Cash and cash equivalents: KRW 238.8 billion.

Outlook and guidance

• The group expects continued volatility in zinc prices due to global supply-demand dynamics and geopolitical risks.

• PCB and semiconductor segments anticipate steady demand from IT, automotive, and emerging markets, but face margin pressure from global competition.

• Ongoing investments in environmental compliance and technology upgrades are expected to support long-term competitiveness.