SungEel HiTech성일하이텍

SungEel HiTech's shares have fallen sharply over the past year as losses deepened through the first half of 2026.

SungEel HiTech is a Korean battery-recycling and battery-materials producer, with revenue of about ₩235B over the trailing twelve months to H1 2026. The company reported an operating loss of about ₩15.3B and a net loss of about ₩42.1B over that period, with borrowings of ₩449B against cash of ₩30B. The share price is ₩29,350, well below its 52-week high of ₩85,500.

What stands out

• Revenue rose 42.9% in 2025 to ₩195B, but operating income was negative at about -₩54.5B, after falling in 2024 to -₩71.4B.
• Trailing net loss is about ₩42.1B, and return on equity is -23.3%; liabilities are 308.1% of equity.
• Trailing free cash flow is negative at about -₩9.8B, and borrowings far exceed cash on hand.
• Foreign ownership fell from 4.9% to 2.5% over about 60 days, while retail investors were net buyers over the last 20 days.
• Filings in 2026 include several 5%+ holding reports, a conversion price adjustment, an extraordinary shareholders' meeting and a disclosed derivatives trading loss in May.
• Shares are up 18.6% over three months but down 38.5% over one year; the company pays no dividend.

What to watch

• Upcoming results and whether operating losses narrow from the trailing figures.
• Developments on the conversion price adjustment and further 5%+ holding reports, which may affect share count and ownership.
• Refinancing needs given ₩449B of borrowings against ₩30B of cash, and the follow-up on the derivatives trading loss disclosed in May.