Automobile & PCB에이엔피

ANP is trading near ₩171 after a steep fall, with ongoing losses, heavy debt and delisting-related filings.

ANP makes automotive PCBs and automotive components such as seat covers, selling mainly to Hyundai Mobis and Hyundai Kefico. Over the trailing twelve months to H1 2026 it reported revenue of about ₩116.7B, an operating loss of about ₩4.7B and a net loss of about ₩12.1B, with borrowings of about ₩52.0B against cash of about ₩3.8B. The share price has fallen sharply, with a market capitalisation of about ₩8.1B.

What stands out

• Revenue has stayed roughly flat at about ₩107B to ₩141B over 2021 to 2025, but the company has made operating losses in every year shown.
• Trailing twelve-month net margin is -10.3% and return on equity is -53.7%, and liabilities are about 4.3 times equity.
• Free cash flow over the trailing twelve months was negative at about -₩14.8B.
• The share price is down 67% over one year and 59% over three months, and sits near its 52-week low of ₩155 against a high of ₩1,077.
• Recent filings include several delisting notices and two investment caution notices, and a news report says the company is in a delisting grace period for failing a market cap requirement.

What to watch

• Whether the delisting process moves forward or the company meets the market cap requirement within the grace period, as stated in recent filings and news.
• Upcoming quarterly or annual reports for the cash position, debt levels and whether losses narrow.
• Any further investment caution notices or exchange notices, and the foreign and retail trading flows shown in the data.