Seondo Electric선도전기

Seondo Electric's shares have fallen sharply over the past year, while its half-year 2026 results show a small operating profit but a net loss.

Seondo Electric makes switchboards, relay panels and gas-insulated switchgear for power plants, grid facilities and factories, with customers including SK hynix and KEPCO. Over the trailing twelve months to H1 2026 it reported revenue of about ₩31.1B, operating income of ₩0.8B and a net loss of ₩1.4B, after a profitable 2025. The share price is ₩3,685, down 26.3% over one year, with a market capitalisation of about ₩66.3B.

What stands out

• Revenue fell from ₩38.2B in 2025 to a trailing ₩31.1B to H1 2026, while the trailing operating margin is a thin 2.5%.
• The trailing net loss of ₩1.4B contrasts with a ₩5.3B net profit in 2025, and the data does not explain the swing.
• Cash of ₩16.7B and zero borrowings are reported, but trailing free cash flow was negative at about ₩3.4B.
• Liabilities are 129.4% of equity, and the company pays no dividend.
• Recent filings include several major sales or supply contracts, plus amendments to the H1 2026 half-year report and past annual reports, and an exchange inquiry about a news report or price move from July 2026. No news headlines are included in the data.

What to watch

• Whether the amended H1 2026 half-year report or the amended annual reports change the reported figures.
• Whether the recent supply contracts show up as higher revenue and a return to operating profit in later results.
• The exchange inquiry from July 2026 and any follow-up filings; the data does not say what it concerned.