Daechang Solution대창솔루션

Daechang Solution has returned to a small operating profit on H1 2026 trailing figures, but it still posts a net loss and its shares are down sharply over the year.

The company makes steel castings and components for offshore energy, power generation, shipbuilding and cryogenic gas equipment, with much of its sales exported. On trailing twelve-month figures to H1 2026 it reports revenue of ₩75.1B... more precisely ₩75.1B is wrong in scale, so revenue is ₩75.1B, operating income ₩2.7B and a net loss of ₩3.0B, with liabilities at 320% of equity. The share price closed at ₩1,653 on 23 October 2026, down 26.9% over one year.

What stands out

• Trailing operating margin is 3.6%, after operating losses in 2021, 2022 and 2025 and a small profit in 2024; 2023 was the only strong profit year.
• Trailing net loss of ₩3.0B and an ROE of -10.4% show that the company is still losing money below the operating line.
• Debt looks heavy: borrowings are ₩8.4B against cash of ₩13.5B, and liabilities are 320% of equity.
• Trailing free cash flow is ₩2.9B, which is positive but not large against the debt load.
• Recent filings include a major sales contract (August and October 2026), a debt guarantee to a third party with an amendment, and approval steps for listing a consolidated subsidiary, though the news feed had no headlines to add context.

What to watch

• Full-year 2026 results and whether the operating profit holds up, since the data covers only trailing figures to H1 2026.
• The debt guarantee decision and its amendment, plus the subsidiary listing process, which the filings describe but the data does not explain in detail.
• Foreign ownership fell from 3.7% to 2.9% over about 60 days, and short interest is 0.4%; the data does not give reasons for these moves.