Chonbang전방

Chonbang is loss-making at the operating line on a small revenue base, though its trailing net income is slightly positive and its balance sheet looks lightly indebted.

Chonbang makes cotton yarn and related textile products, mainly under the ROYAL NEW STAR brand, from plants in Yeongam, Pyeongdong and Iksan. Trailing twelve-month revenue to H1 2026 was about ₩31B, with an operating loss of about ₩4.3B and a small net profit of about ₩0.5B. Revenue has fallen sharply in each of the last several years, and the share price has risen about 14.5% over three months but is down 8.4% over one year.

What stands out

• Revenue has shrunk every year since 2022, from about ₩125B to about ₩31B on a trailing basis, and operating losses have persisted in most years shown.
• Trailing net income of about ₩0.5B is small and not clearly driven by operations, since operating income was negative by about ₩4.3B; the data does not explain the gap.
• 2025 net income of about ₩29.8B is far above its operating loss, which the data does not explain, so it may reflect one-off items.
• The company reports low borrowings of about ₩3.5M against about ₩25.9B of cash, and a liabilities-to-equity ratio of 3.5%.
• Valuation metrics are mixed: trailing P/E of about 101 reflects thin earnings, while P/B of about 0.2 and a 3.3% dividend yield are shown; no fair value estimate is provided.
• Foreign ownership fell from 1.2% to 0.8% over 60 days, and 20-day flows were net foreign selling, with retail buying.

What to watch

• The next full-year and quarterly results, to see whether revenue stabilises and operating losses narrow.
• Filings on shareholder and executive share holdings, including a trading plan report filed on 2026-10-16.
• The data contains no recent news headlines, so the reasons behind the recent share price move are not clear from the pack.