SH Energy & ChemicalSH에너지화학

SH Energy & Chemical is still loss-making on a trailing basis, though its share price has risen sharply over the past three months.

The company reports trailing twelve-month revenue of ₩106B to H1 2026, with an operating loss of ₩6.8B and a net loss of ₩5.3B, following losses in 2025 and 2024. Its balance sheet shows cash of ₩13.6B against borrowings of ₩15.2B, and the share price closed at ₩3,960 on 2026-10-23, up 88.6% over three months but roughly flat over one year.

What stands out

• Revenue has fallen from ₩167B in 2022 to ₩99B in 2025, and trailing revenue to H1 2026 is ₩106B.
• Operating margin was -6.4% on a trailing basis, against a small positive margin in 2021 and 2022.
• Free cash flow is negative at about -₩4.7B on a trailing basis, and liabilities are 46.1% of equity.
• Recent filings include an exchange inquiry about a news report or price move, a Delisting filing dated 2026-09-28, and a 5%+ holding report, but the data does not explain the content of these filings.
• No news headlines are included in the data pack, and the company's market cap is about ₩44B.

What to watch

• The Delisting filing dated 2026-09-28 and the exchange inquiries; the data does not state what they concern, so check the original filings.
• Whether the company returns to operating profit, since losses have continued across the recent annual and trailing periods.
• Changes in largest shareholder and insider holdings, which were reported in August 2026.