Welcron Hantec웰크론한텍

Welcron Hantec remains loss-making on a trailing basis, with revenue shrinking sharply and the share price down over the past year.

Welcron Hantec, a KOSDAQ-listed plant and construction company, reported trailing twelve-month revenue of ₩148.8B and an operating loss of ₩13.7B through H1 2026, with net losses of ₩19.1B. Revenue has fallen for two years running, from ₩333.2B in 2023 to ₩166.7B in 2025, and the stock closed at ₩1,000 on 2026-10-26, down 34.6% over one year. The company's latest filings and headlines point to new product and order ambitions, including battery-related equipment and water treatment, but the data does not give order values or confirm their revenue impact.

What stands out

• Operating margin was -9.2% on a trailing basis, compared with small positive margins of about 0.4% to 0.7% in 2022 to 2024.
• Liabilities were 222.3% of equity and borrowings stood at ₩20.1B against cash of ₩2.4B, so the balance sheet is more leveraged than it was in earlier years.
• Trailing free cash flow was positive at ₩11.5B despite the net loss, though the data does not explain the drivers.
• Valuation metrics are low on book value (price-to-book 0.7) but P/E is not meaningful because earnings are negative, and the dividend yield is 0%.
• Foreign ownership rose slightly from 1.3% to 1.7% over about 60 days, while 20-day flows show foreign net selling of about ₩6.5M and retail net buying of about ₩6.5B.

What to watch

• The next half-year or annual results, to see whether the operating loss narrows from the trailing ₩13.7B figure.
• The lawsuit filed or ruled in September 2026 and the amended major sales or supply contract, as the data gives no detail on their size or effect.
• Whether announced battery equipment and water treatment orders convert into reported revenue, since the data does not show order values.