Charm Engineering참엔지니어링

Charm Engineering is still loss-making and winding down its display equipment business, with a trading history that includes delisting-related filings.

Charm Engineering reported trailing twelve-month revenue of about ₩87.8B with an operating loss of about ₩4.5B and a net loss of about ₩5.9B for the period to H1 2026. The company has stopped taking new display equipment orders and is winding down that business, while it also holds loan receivables and financial assets. The shares closed at ₩5,330 on 2026-10-23, with a market cap of about ₩23.3B and a 1-year return of -16.3%.

What stands out

• Revenue has fallen from ₩170.6B in 2022 to ₩59.8B in 2025, and operating losses have been recorded in each year since 2023.
• Liabilities are about 987% of equity and the company holds about ₩151.9B in cash against ₩24.3B in borrowings, which the data places in a net cash position.
• Trailing free cash flow is about ₩110.8B, even though net income is negative.
• Recent filings include a delisting notice on 2026-06-23 and another on 2026-07-15, plus an amended major sales or supply contract filing on 2026-10-21; the data does not explain the details of these filings.
• No news headlines are included in the data, and the 20-day investor flow shows foreign net selling of about ₩20M and retail net buying of about ₩10.2B.

What to watch

• Whether the delisting-related filings lead to a change in the company's listing status, which the data does not explain.
• Details of the amended major sales or supply contract filed on 2026-10-21, and whether revenue stabilises after the display business wind-down.
• Upcoming full-year results and whether operating losses narrow from the 2025 level.