Haesung Industrial해성산업

Haesung Industrial's trailing results show thin margins and a net loss, with heavy debt and a stock down over the past year.

Haesung Industrial is a Korean holding group spanning office leasing, paper, industrial products, automotive electronics and semiconductor substrates. On trailing twelve-month figures to H1 2026 it reported ₩2.40T in revenue, a 3.1% operating margin and a net loss of ₩56B. The share price closed at ₩5,580 on 2026-10-26, down 25.6% over one year and near the lower half of its 52-week range.

What stands out

• Trailing revenue is ₩2.40T with operating income of ₩75.6B, but net income is negative at ₩56.3B, so the company is loss-making below the operating line.
• 2025 was also a loss year (net loss of ₩24.0B), after a small profit in 2024 (₩5.8B) and larger losses in 2023 (₩29.3B).
• Borrowings are ₩857B against cash of ₩177B, and liabilities are 114.6% of equity; trailing free cash flow is negative at about ₩2.8B.
• The stock trades at 0.3x book value and about 5.7x EV/EBITDA, with a stated 4.5% dividend yield; P/E is not meaningful because earnings are negative.
• Foreign ownership is 1.5% and unchanged over 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• Several filings in mid-2026 concern fines imposed on a subsidiary, including amendments as recently as 2026-10-14; the data does not give the amount or details.
• A new facility investment and property, plant and equipment acquisition were filed on 2026-09-18, which could affect debt and cash flow; the data does not show the cost.
• The data contains no recent news headlines and no analyst forecasts, so upcoming earnings expectations are not available.