Fine DNC파인디앤씨

Fine DNC remains loss-making on a trailing basis, with revenue roughly flat and heavy borrowings, while the share price has fallen sharply over the past year.

Fine DNC makes precision metal parts for display panels and secondary battery parts, with major customers including Samsung Display. Trailing twelve-month figures to H1 2026 show revenue of about ₩46.7B, an operating loss of about ₩6.7B and a net loss of about ₩23.1B, with negative free cash flow. The share price closed at ₩2,515 on 2026-10-20, down 42.5% over one year.

What stands out

• Trailing revenue is about ₩46.7B against borrowings of about ₩27.3B and cash of about ₩1.4B, leaving liabilities at 129.3% of equity.
• Operating margin is -14.4% on a trailing basis, compared with -6.2% for 2025 and -1.1% for 2024, so losses have deepened in the latest period.
• Annual revenue was ₩65.8B in 2025, up 1.2%, after a 49.5% jump in 2024, but net losses have been large in each year shown since 2021.
• Recent filings include a convertible bond issue decision, a conversion price adjustment, a share acquisition in another company and a shareholders' meeting call, all in September and October 2026.
• No news headlines were included in the data, and no fair value estimate or analyst ratings are provided. Shares are 0% foreign-owned and the company pays no dividend.

What to watch

• Whether the convertible bond and share acquisition filings lead to further dilution or new financing needs, given the debt load.
• Upcoming shareholder meeting agenda and record date details, which were filed in October 2026 but are not described in the data.
• Whether losses narrow in future reported results, since the trailing operating loss is wider than in prior annual periods.