Young Poong (000670) Q1 2026 earnings summary

Executive summary

• The group operates in smelting (zinc, sulfuric acid), electronic components (PCBs, FPCB), semiconductors, and related sectors, with both domestic and international subsidiaries.

• Zinc prices rose 12.5% YoY in Q1 2026, boosting revenue, while the group maintains a balanced domestic/export sales mix.

• Major investments in environmental compliance and R&D continue, with significant provisions for environmental remediation.

Financial highlights

• Q1 2026 consolidated revenue: ₩851.1B, up from ₩779.3B YoY.

• Operating income: ₩43.3B (Q1 2026), up from a loss of ₩56.3B YoY.

• Net income attributable to owners: ₩845.7M; EPS: ₩46.

• Total assets: ₩6.53T; equity: ₩4.11T; liabilities: ₩2.42T.

• Cash and equivalents: ₩150.5B; net cash inflow from operations: ₩12.1B.

Outlook and guidance

• The group targets stable dividends (30% payout ratio) and continues to invest in environmental and process upgrades.

• Market volatility in zinc and raw materials expected due to geopolitical risks and supply chain uncertainties.