Dongwoon Anatech동운아나텍

Dongwoon Anatech swung to a trailing operating loss in H1 2026 while its share price has fallen sharply over the past three months.

Dongwoon Anatech is a Korean fabless chip designer selling camera, automotive and lidar driver chips, with trailing twelve-month revenue of ₩124B and an operating loss of ₩6.9B. Its trailing net income of ₩20.3B is well above operating income, and the data does not explain the gap. The share price closed at ₩19,670 on 2026-10-27, down 28.1% over one month and 26.3% over three months, though still up 16.8% over one year.

What stands out

• Trailing operating margin is -5.6%, after a profitable 2023 and 2024 and a small profit of 1.9% in 2025.
• Annual revenue fell 7.7% in 2025 to ₩127.6B, and trailing revenue is about ₩124B.
• Trailing net income of ₩20.3B is far above the operating loss, so non-operating items or one-offs likely matter, but the data does not say what they are.
• Cash of ₩62.8B exceeds borrowings of ₩16B, and trailing free cash flow is about ₩2.9B.
• Recent filings and news cover a treasury share retirement worth about ₩13B, a shareholder meeting notice, and advisory contracts for licensing and a healthcare technology project.

What to watch

• The upcoming shareholder meeting and the share cancellation decision, both recorded in the filings list.
• Whether the company returns to an operating profit in its next reported period, since the trailing figure is negative.
• The reason for the gap between the operating loss and the net profit, and the outcome of the licensing and healthcare initiatives, which the data does not quantify.