Sinjin SM신진에스엠

Sinjin SM is loss-free on a trailing basis but has fallen sharply, with its share price down about 37% over the past year.

Sinjin SM makes precision-cut metal plate components and standard plates for machinery, electronics, semiconductors and automotive customers. On trailing twelve-month figures to H1 2026 it reports revenue of about ₩59.8B, a thin 2% operating margin and a small net profit, after a loss-making 2025. The share price is ₩1,314, well below its 52-week high of ₩2,220.

What stands out

• Trailing revenue is about ₩59.8B with operating income of about ₩1.2B and net income of about ₩1.2B, a recovery from the 2025 full-year operating loss of about ₩0.4B.
• Annual revenue has fallen from ₩66.3B in 2022 to ₩54.4B in 2025, and operating margin has dropped from 10.1% to a negative figure in 2025.
• Balance sheet figures show borrowings of about ₩15.3B against cash of about ₩7.3B, with liabilities at 33.5% of equity.
• The model-based fair value range in the data is ₩811 to ₩3,228 with a base of ₩1,650; this is a model output, not a forecast or recommendation.
• Foreign ownership fell from 2.3% to 2.0% over 60 days, and the data shows 5%+ holding and insider shareholding reports filed in September and October, with no news headlines listed.

What to watch

• Next periodic results, to confirm whether the H1 2026 profit recovery holds and margins stay positive.
• Further insider shareholding and 5%+ holding reports, which are routine filings in the data but could signal ownership changes.
• Revenue trend, since sales have declined for several years and the data gives no explanation for the drop.