Hytc에이치와이티씨

Hytc's revenue has been shrinking and the latest half-year shows an operating loss, though the shares trade well below its own fair-value estimates.

Hytc makes precision parts for battery electrode and assembly equipment, and its trailing revenue is about ₩36.0B. Operating income is negative on a trailing basis at about -₩1.8B, while reported net income of about ₩25.6B is far higher than operations would suggest, so it likely reflects non-operating items the data does not explain. The share price is ₩3,175, with a market cap of about ₩32.3B.

What stands out

• Revenue fell 6.9% in 2025 after a 20.4% drop in 2024, and the trailing figure is about ₩36.0B against ₩40.6B in 2023.
• Operating margin turned negative, at -10.5% for 2025 and -4.9% on a trailing basis to H1 2026, after a positive 8.8% in 2023.
• Trailing net income of about ₩25.6B is well above operating income and the net margin of 71% is unusually high, so the drivers are not explained in the data provided.
• Cash of about ₩9.9B is reported with no borrowings listed, but trailing free cash flow is about -₩6.0B.
• The shares are down 14.2% over one year and trade between ₩2,250 and ₩3,850 over 52 weeks; the DCF base value in the data is ₩2,526, with a bear-to-bull range of ₩1,498 to ₩4,332.
• Filings in recent months include treasury share sale and disposal reports, a buyback trust contract, and several insider shareholding reports. No news headlines were included in the data.

What to watch

• The next half-year or annual results, to see whether operating losses continue and what drives the large gap between operating and net income.
• Follow-up on the treasury share disposal and buyback trust filings, which affect the share count and supply of stock.
• Trailing free cash flow of about -₩6.0B, if it keeps running negative while the company holds cash of about ₩9.9B.