Sangsangin상상인

Sangsangin remains loss-making on trailing numbers, with shrinking revenue and heavy borrowings, though its shares trade near book value.

Over the trailing twelve months to H1 2026 the company reported revenue of ₩302B, an operating loss of ₩26B and a net loss of ₩114B, with borrowings of ₩613B against cash of ₩91B. Revenue fell 51.9% in 2025 after a 7.1% drop in 2024, and the shares closed at ₩1,899 on 2026-10-23, roughly 0.3 times book value. The data does not describe the company's business operations, products or customers, so the nature of its revenue cannot be assessed from it.

What stands out

• Trailing revenue of ₩302B is well below the ₩870B reported for 2024 and ₩419B for 2025, and operating margin is -8.7% on a trailing basis.
• Liabilities are 949% of equity and borrowings of ₩613B are large relative to cash of ₩91B, although trailing free cash flow was positive at ₩233B.
• The company pays no dividend (0% yield), and no forward P/E or fair value estimate is available in the data.
• Shares are down 2.9% over one year and sit about 25% below their 52-week high of ₩2,545, while foreign ownership fell from 4.1% to 3.6% over 60 days.
• Recent filings include a corporate value-up plan (2026-10-22), a share buyback decision and its amendment, and the termination of a share trust agreement, plus several amended filings on share sales in another company.

What to watch

• The next half-year or annual results and whether losses narrow from the trailing figures.
• Follow-up on the share buyback and the corporate value-up plan, including any stated details in later filings.
• Progress on debt levels and the amended share sale filings, since the data names these as recent filings but does not explain their size or effect.