014620 - Sung Kwang Bend Co., Ltd.

014620 Summary

Steel

Stock Price & Overview

₩30,850 +450 (+1.48%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩30,850 ≈ US$22 · Market cap ₩0.8tn (≈ $585m)

014620 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	245.7	227.7	254.7	244.0	136.9	180.8	202.4	169.9	145.7	203.1	249.9
Cost of Revenue	158.8	150.7	178.5	183.8	122.0	153.5	165.9	155.4	140.2	171.1	194.1
Gross Profit	86.9	77.0	76.2	60.2	14.9	27.3	36.5	14.5	5.5	31.9	55.8
Selling, General & Administrative	44.9	35.0	31.3	33.5	23.0	26.1	29.5	29.0	24.2	29.0	33.1
Operating Income	42.0	42.0	44.8	26.8	-8.1	1.1	7.0	-14.5	-18.6	2.9	22.8
Finance Income	3.3	4.5	3.5	1.0	0.4	0.5	0.9	1.0	1.1	0.7	0.5
Finance Costs	0.0	0.1	0.1	0.1	0.3	0.4	0.9	0.5	0.0	0.3	1.2
Pretax Income	44.7	51.5	50.7	51.0	-4.0	-0.9	9.7	-10.3	-24.3	6.1	26.5
Income Tax Expense	10.2	10.5	11.5	11.8	-2.7	0.5	-3.6	2.0	8.0	1.5	7.0
Net Income	34.4	41.0	39.2	39.2	-1.2	-1.4	6.2	-8.3	-16.3	4.6	19.5
Total Comprehensive Income	36.1	37.5	36.5	40.0	0.1	0.7	5.5	-11.0	-14.1	7.7	20.3

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	590.3	563.1	551.1	527.1	493.8	493.6	502.0	499.7	502.5	532.2	545.8
Current Assets	331.2	310.4	293.9	273.4	223.2	223.4	243.3	240.7	246.8	271.9	270.9
Cash & Cash Equivalents	55.8	63.6	75.5	74.6	34.8	32.8	43.0	34.4	37.5	59.1	38.7
Inventories	149.1	151.7	135.7	146.0	135.7	131.9	129.0	125.9	109.9	127.1	148.4
Trade Receivables	44.2	48.1	47.3	43.2	34.9	46.0	47.5	54.3	49.7	62.4	77.7
Non-current Assets	259.1	252.7	257.2	253.7	258.6	258.2	258.8	259.0	255.7	260.3	274.9
Property, Plant & Equipment	248.0	247.7	248.7	249.6	251.4	251.4	253.5	252.4	249.6	252.3	267.8
Intangible Assets	2.0	0.6	0.6	0.6	0.6	0.6	0.7	0.7	0.7	0.8	0.7
Total Liabilities	40.8	44.3	45.7	55.4	59.3	56.4	62.8	63.7	52.1	63.2	80.2
Current Liabilities	29.7	34.9	35.6	43.1	45.7	17.6	23.7	31.6	40.0	42.8	57.9
Non-current Liabilities	11.1	9.5	10.0	12.3	13.6	38.8	39.1	32.1	12.1	20.4	22.3
Total Equity	549.5	518.7	505.4	471.7	434.5	437.2	439.3	436.0	450.4	469.1	465.5
Share Capital	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3
Retained Earnings	537.1	525.4	500.7	467.0	429.7	432.4	434.6	431.8	445.7	463.9	460.4

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	37.9	28.5	35.5	21.4	7.8	0.6	15.9	-22.7	10.7	38.8	32.0
Cash from Investing Activities	-40.3	-17.4	-34.0	42.1	-3.4	-6.6	-0.4	17.9	-25.4	-4.9	-26.5
Purchase of Property, Plant & Equipment	4.5	2.9	2.7	1.0	3.3	13.9	2.9	6.0	0.5	0.2	26.2
Cash from Financing Activities	-4.9	-24.5	-1.1	-23.2	-3.4	-3.4	-6.4	0.6	-4.4	-12.9	-24.0
Dividends Paid	5.3	4.2	2.8	2.8	2.8	2.8	2.3	2.8	4.2	4.2	4.2
Net Change in Cash	-7.4	-13.3	0.4	40.4	1.0	-9.5	9.1	-4.1	-19.2	20.9	-18.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	64.1	59.1	59.3	64.6	58.1	63.7	58.2	45.4	66.9	57.2
Cost of Revenue	35.7	36.7	35.7	38.9	40.8	43.4	42.8	29.8	38.7	39.5
Gross Profit	28.4	22.5	23.6	25.6	17.3	20.3	15.5	15.6	28.2	17.7
Selling, General & Administrative	18.4	15.9	14.9	13.9	6.6	9.6	11.6	7.8	7.9	7.8
Operating Income	10.0	6.6	8.7	11.7	10.8	10.7	3.9	7.8	20.4	9.9
Finance Income	0.9	0.9	0.9	0.7	0.8	0.9	1.1	1.2	1.2	1.1
Finance Costs	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	12.5	11.1	11.0	13.9	8.3	11.5	9.2	5.8	23.3	13.1
Income Tax Expense	2.9	2.7	3.0	3.1	1.9	2.3	1.7	1.7	5.3	1.8
Net Income	9.6	8.4	8.0	10.8	6.5	9.2	7.5	4.1	18.1	11.3
Total Comprehensive Income	9.5	8.3	9.7	10.8	6.5	9.2	4.0	4.1	18.0	11.3

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	600.3	597.3	590.3	580.8	570.3	568.2	563.1	562.3	576.8	561.4
Current Assets	344.2	339.9	331.2	325.7	314.2	314.9	310.4	304.8	321.5	305.0
Cash & Cash Equivalents	65.8	63.7	55.8	49.6	46.3	54.9	63.6	69.5	94.3	75.3
Inventories	148.5	147.4	149.1	149.0	155.7	151.8	151.7	144.2	133.2	132.8
Trade Receivables	53.2	48.1	44.2	58.0	57.1	59.4	48.1	40.6	49.5	50.0
Non-current Assets	256.1	257.4	259.1	255.0	256.1	253.3	252.7	257.5	255.3	256.4
Property, Plant & Equipment	246.2	247.0	248.0	248.9	249.6	247.1	247.7	248.7	247.8	248.2
Intangible Assets	2.0	2.0	2.0	1.6	1.5	0.8	0.6	0.6	0.6	0.6
Total Liabilities	38.2	44.7	40.8	40.9	41.2	45.6	44.3	45.3	46.3	48.8
Current Liabilities	28.0	34.1	29.7	32.2	33.6	37.6	34.9	35.9	36.9	39.5
Non-current Liabilities	10.3	10.7	11.1	8.7	7.6	8.0	9.5	9.4	9.4	9.4
Total Equity	562.0	552.5	549.5	539.8	529.1	522.6	518.7	517.0	530.6	512.5
Share Capital	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3	14.3
Retained Earnings	549.7	540.2	537.1	526.4	515.7	529.3	525.4	530.0	525.9	507.8

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	2.6	4.9	19.5	19.6	4.8	-6.0	-7.3	3.2	21.7	11.0
Cash from Investing Activities	4.4	1.4	-13.4	-17.2	-6.9	-2.8	2.8	-9.2	0.9	-11.9
Purchase of Property, Plant & Equipment	0.1	0.0	0.1	3.6	0.3	0.4	0.2	1.6	0.8	0.3
Cash from Financing Activities	-5.3	-0.0	-0.0	0.6	-5.4	-0.1	-2.4	-17.8	-4.3	-0.1
Dividends Paid	—	—	0.0	0.0	—	—	0.0	0.0	—	—
Net Change in Cash	1.7	6.3	6.1	2.9	-7.5	-8.8	-6.8	-23.9	18.3	-0.9

Consolidated (CFS), from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

014620 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	245.7	+7.9%	+0.2%	+6.3%	-0.2%
Operating income	42.0	-0.1%	+16.2%	+106.6%	+6.3%
Net income	34.4	-16.0%	-4.3%	—	+5.9%
EPS	₩1,297	-16.0%	-4.3%	—	+5.9%
Operating cash flow	37.9	+32.9%	+20.9%	+132.4%	+1.7%
Shareholders' equity	549.5	+5.9%	+5.2%	+4.7%	+1.7%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

014620 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	35.4%	33.8%	29.9%	24.7%	10.9%	15.1%
Operating margin	17.1%	18.4%	17.6%	11.0%	-5.9%	0.6%
Net margin	14.0%	18.0%	15.4%	16.1%	-0.9%	-0.8%
Return on equity	6.4%	8.0%	8.0%	8.7%	-0.3%	-0.3%
Return on assets	6.0%	7.4%	7.3%	7.7%	-0.2%	-0.3%
Operating cash flow / revenue	15.4%	12.5%	14.0%	8.8%	5.7%	0.3%
Capex / revenue	1.8%	1.3%	1.0%	0.4%	2.4%	7.7%

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.