Dongwha Enterprise동화기업

Dongwha Enterprise is loss-making over the trailing twelve months, with heavy borrowings and a share price down sharply over the past year.

Dongwha Enterprise, a Korean wood, chemicals and housing materials maker, reported trailing revenue of about ₩873B for the half-year to June 2026 but an operating loss of about ₩12.7B and a net loss of about ₩40.4B. Borrowings of about ₩1.04T sit against cash of about ₩43B, and the shares closed at ₩6,470 on 21 October 2026, down 35.2% over one year.

What stands out

• Revenue has fallen for three straight years, from about ₩1.10T in 2022 to ₩830B in 2025, and operating profit has swung to a loss after a strong 2021 and 2022.
• Liabilities are about 165% of equity, and borrowings are very large relative to the ₩43B of cash listed in the data.
• Free cash flow over the trailing period was about -₩47B, and the company paid no dividend.
• Shares trade at about 0.4 times book value and 0.4 times sales, below most listed paper and wood peers in the data, though the data gives no fair value estimate.
• Recent filings include several debt guarantee decisions for another party in September 2026 and a sale of shares in another company in July 2026; the data does not explain their size or purpose.

What to watch

• The next filing with the full-year 2026 results, which will show whether the trailing losses continue.
• Further debt guarantee filings and any change in the company's borrowings, given the high debt load.
• Ongoing 5%+ holding reports and foreign ownership, which stood at 50.8% with no change over 60 days; the data does not include any news explaining the recent share price moves.