Hyungji Elite형지엘리트

Hyungji Elite's shares have fallen sharply over the past year despite a recent rebound, while 2025 revenue grew but the company posted a net loss.

Hyungji Elite is a South Korean school uniform, workwear and sports merchandise maker. For FY 2025 it reported revenue of ₩166.7B, up 25.5%, with an operating profit of ₩6.6B but a net loss of ₩1.3B, and free cash flow was negative ₩24.2B against borrowings of ₩37.2B. The share price closed at ₩1,720 on 2026-10-27, up 16.2% over one month but down 75.6% over one year.

What stands out

• Revenue has swung widely: up 40.5% in 2024, down 31.2% in 2023 and up 25.5% in 2025, while net income went from a ₩6.4B profit in 2024 to a ₩1.3B loss in 2025.
• Liabilities are 107.5% of equity and borrowings are ₩37.2B against cash of ₩20.1B.
• Valuation is low on book and sales measures (P/B 0.2, P/S 0.1), but the data gives no P/E because the latest year was a loss; the DCF base value of ₩5,690 is well above the price, while the bear case is ₩0.
• Recent news is mostly about product and business expansion, including a Japan school uniform push, RFID adoption from 2027 and a 35th K-Style Awards win.
• Foreign ownership fell from 3.4% to 1.9% over about 60 days, and the 20-day flows show retail buying of about ₩901M against foreign selling of about ₩657M.

What to watch

• A late-2026 news item says exchange delisting procedures for failing the market cap requirement were delayed; the data does not say what the outcome will be, so check the latest exchange notices.
• Whether the company returns to profit, since the data shows a net loss for FY 2025 and negative free cash flow.
• Upcoming filings, including the next periodic report, given the recent Other Market Notice and Investment Caution Notice in the filing list.