Shinhwapritech신화프리텍

Shinhwapritech is loss-making on a trailing basis, with revenue down and a share price far below its 52-week high.

Shinhwapritech, a KOSDAQ metal products maker supplying defense, aerospace and power equipment parts, reported trailing twelve-month revenue of ₩72.8B to H1 2026 and an operating loss of about ₩0.5B, with a net loss of ₩5.1B. Its 2025 revenue fell 23.4% to ₩92.5B, and the share price closed at ₩1,747 on 2026-10-15, down 29.6% over one year. Its recent filings are dominated by a major supply contract, a convertible bond issue and several 5%+ holding reports.

What stands out

• Trailing twelve-month results to H1 2026 show revenue of ₩72.8B, an operating margin of -0.7% and a net margin of -7%.
• Net losses have persisted: the company posted net losses in every year from 2021 to H1 2026 in the data provided, while operating profit was positive in 2021 to 2024.
• Liabilities are 84.7% of equity, and cash of ₩13.4B exceeds borrowings of ₩0.8B, though free cash flow on a trailing basis was negative at -₩0.4B.
• The price-to-book ratio is 1.0 and the price-to-sales ratio is 1.6, while P/E is not meaningful because earnings are negative and the company pays no dividend.
• Recent filings include a major sales or supply contract (2026-09-15), a convertible bond issue decision (2026-09-01) and a conversion price adjustment (2026-06-16); the news list for the period is empty.

What to watch

• The next half-year or full-year results and whether operating income turns sustainably positive after the 2025 operating loss.
• Details of the September 2026 convertible bond issue and the June 2026 conversion price adjustment, which could affect existing shareholders.
• Whether the defense and power equipment contract flow named in filings translates into revenue recovery, since the machine tool business was discontinued in September 2025.