Youngwire영흥

Youngwire is loss-making on a trailing basis, with its share price down sharply over the past year and heavy debt relative to equity.

Youngwire, a Korean steel wire maker with automotive, logistics and other units, reported trailing twelve-month revenue of ₩409B to H1 2026 but an operating loss of ₩8.5B and a net loss of ₩29.6B. Borrowings of ₩115B against cash of ₩6.9B, and liabilities at 136.5% of equity, leave the balance sheet under strain. The shares closed at ₩1,831 on 2026-10-28, down 35.9% over one year, and the data includes no fair value estimate or forward forecasts.

What stands out

• Revenue has fallen in each year since 2023, from ₩527B in 2022 to ₩433B in 2025, and the 2025 net loss was ₩52.3B.
• Operating margin turned negative in 2025 (-3.0%) after small positives in 2022 to 2024, and the trailing figure is -2.1%.
• Free cash flow is negative at -₩6.4B on a trailing basis, and the book value ratio of 0.2 reflects how far the market has marked the equity down.
• Recent filings include disposal of tangible assets, debt and collateral guarantees to third parties, a merger completion report for an asset transfer, and a change in the largest shareholder's holdings.
• Foreign ownership is only 1.6% and was unchanged over 60 days; no news headlines were included in the data.

What to watch

• Next periodic results and whether losses narrow from the trailing figures, since no forecasts are provided.
• Follow-up on the asset sales, debt guarantees and collateral filings, and how they affect borrowings of ₩115B.
• Further filings on the largest shareholder's stake and any follow-up from the recent shareholders' meeting.