Haisung Aero-Robotics해성에어로보틱스

Haisung Aero-Robotics reports trailing losses at operating level and its shares have fallen sharply over the past year, while filings show bankruptcy petitions were filed and later dismissed.

The company makes gears and reducers, mainly for elevators and escalators, and is also pushing into robot and wind turbine parts. On trailing twelve months to H1 2026 it had revenue of ₩14.6B...

What stands out

• Trailing revenue to H1 2026 was ₩14.6T with an operating loss of ₩1.3T, though net income was positive at ₩0.75T, so the profit depends on non-operating items the data does not explain.
• Free cash flow was negative at ₩2.4T on the trailing basis, while cash of ₩24.0T exceeded borrowings of ₩11.6T.
• The share price closed at ₩4,370 on 2026-10-27, down 57.3% over one year and near its 52-week low of ₩3,980 against a high of ₩21,400.
• Filings in the past two months include a bankruptcy petition filed on 2026-09-14 and dismissed on 2026-10-22, plus several lawsuit and shareholder meeting notices.
• A news item dated 2026-10-28 links the company's small humanoid robot work to attention from Jensen Huang, but the data gives no detail on orders or revenue from this.

What to watch

• Next filings on the 3rd series convertible bond conversion price adjustment and the shareholders' meeting, which may affect share count and dilution.
• Status of the lawsuits listed in recent filings, which the data does not describe in detail.
• Whether operating losses narrow, since the data shows operating losses in every year from 2021 to H1 2026.