160190 - Higen RNM Co., Ltd.

160190 Summary

Power Equipment

Stock Price & Overview

₩19,180 +2,410 (+14.37%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩19,180 ≈ US$14 · Market cap ₩0.6tn (≈ $423m)

160190 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022
Total Revenue	73.5	75.9	77.2	87.5
Cost of Revenue	70.5	68.8	65.8	76.0
Gross Profit	3.1	7.1	11.5	11.5
Selling, General & Administrative	12.0	7.4	7.1	6.6
Operating Income	-8.9	-0.4	4.3	4.9
Finance Income	0.9	0.7	0.5	0.3
Finance Costs	1.2	1.6	2.1	1.5
Pretax Income	-9.8	-1.4	2.7	3.8
Income Tax Expense	-2.7	-0.3	0.0	-0.1
Net Income	-7.1	-1.1	2.6	4.0

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022
Total Assets	166.5	120.2	107.5	111.0
Current Assets	104.9	62.8	50.8	54.0
Cash & Cash Equivalents	22.7	10.2	17.7	14.8
Inventories	16.4	16.7	15.3	16.2
Trade Receivables	14.9	11.9	9.2	11.4
Non-current Assets	61.6	57.4	56.7	57.0
Property, Plant & Equipment	30.1	26.8	27.0	27.3
Intangible Assets	1.5	1.3	0.6	0.6
Total Liabilities	59.6	51.8	61.5	67.7
Current Liabilities	37.9	36.4	26.6	52.6
Non-current Liabilities	21.7	15.4	34.8	15.1
Total Equity	106.9	68.4	46.0	43.3
Share Capital	15.4	15.4	13.7	29.5
Retained Earnings	33.0	40.4	42.4	39.3

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022
Cash from Operating Activities	-9.7	-2.6	7.0	7.0
Cash from Investing Activities	-32.4	-17.1	0.8	-10.8
Purchase of Property, Plant & Equipment	5.3	1.2	1.3	0.8
Cash from Financing Activities	54.6	12.1	-4.9	-4.8
Net Change in Cash	12.5	-7.5	2.9	-8.7

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Total Revenue	20.8	18.6	22.8	15.9	16.7	18.2	19.4	18.8	18.3
Cost of Revenue	18.9	18.9	22.8	15.1	15.3	17.4	18.2	17.3	16.5
Gross Profit	1.9	-0.3	0.0	0.8	1.5	0.8	1.2	1.4	1.9
Selling, General & Administrative	3.4	3.1	3.1	2.9	2.8	3.2	2.1	1.9	1.5
Operating Income	-1.5	-3.4	-3.1	-2.1	-1.4	-2.4	-0.9	-0.4	0.3
Finance Income	0.5	0.4	0.4	0.1	0.2	0.2	0.3	0.2	0.1
Finance Costs	0.3	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4
Pretax Income	-1.2	-2.9	-3.4	-2.6	-1.4	-2.4	-1.5	-0.3	0.1
Income Tax Expense	-0.4	0.3	-2.7	-0.3	0.3	0.0	-0.2	-0.1	-0.0
Net Income	-0.9	-3.2	-0.7	-2.3	-1.7	-2.4	-1.3	-0.2	0.1

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Total Assets	157.9	162.7	166.5	111.9	111.4	115.9	120.2	120.4	120.6
Current Assets	95.1	100.3	104.9	50.5	52.9	57.9	62.8	63.6	64.1
Cash & Cash Equivalents	17.0	17.2	22.7	8.6	17.1	9.6	10.2	13.0	24.1
Inventories	17.1	15.6	16.4	19.7	15.2	15.3	16.7	16.0	15.0
Trade Receivables	13.4	11.9	14.9	11.1	10.3	12.8	11.9	10.4	11.0
Non-current Assets	62.8	62.3	61.6	61.4	58.5	58.0	57.4	56.7	56.5
Property, Plant & Equipment	31.1	30.8	30.1	29.6	28.0	27.4	26.8	26.5	26.7
Intangible Assets	1.7	1.5	1.5	1.4	1.3	1.3	1.3	1.1	0.7
Total Liabilities	53.2	58.1	59.6	50.1	47.7	49.9	51.8	50.4	50.3
Current Liabilities	28.3	36.9	37.9	25.5	22.7	19.6	36.4	35.5	35.6
Non-current Liabilities	24.9	21.2	21.7	24.5	25.0	30.3	15.4	14.9	14.7
Total Equity	104.7	104.6	106.9	61.8	63.7	66.0	68.4	70.0	70.3
Share Capital	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4	15.4
Retained Earnings	28.9	29.8	33.0	34.0	36.3	37.9	40.4	42.6	42.8

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2
Cash from Operating Activities	-6.9	0.8	-1.7	-4.6	-0.3	-3.1	-1.7	-0.1	—
Cash from Investing Activities	7.7	-5.9	-40.9	-3.2	8.8	2.8	-0.8	-10.7	—
Purchase of Property, Plant & Equipment	0.7	0.9	0.9	2.1	1.2	1.1	0.4	0.2	—
Cash from Financing Activities	-0.9	-0.9	56.7	-0.9	-0.9	-0.3	-0.3	-0.3	—
Net Change in Cash	-0.2	-5.5	14.1	-8.5	7.5	-0.6	-2.8	-11.1	—

Consolidated (CFS), from DART. 4 fiscal years and 9 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.

160190 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	73.5	-3.1%	-5.6%	—	—
Operating income	-8.9	—	—	—	—
Net income	-7.1	—	—	—	—
EPS	₩-230	—	—	—	—
Operating cash flow	-9.7	—	—	—	—
Shareholders' equity	106.9	+56.4%	+35.1%	—	—

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.

160190 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022
Gross margin	4.2%	9.3%	14.9%	13.1%
Operating margin	-12.1%	-0.5%	5.6%	5.6%
Net margin	-9.7%	-1.4%	3.4%	4.5%
Return on equity	-8.1%	-1.9%	5.9%	9.2%
Return on assets	-5.0%	-1.0%	2.4%	3.6%
Operating cash flow / revenue	-13.2%	-3.5%	9.1%	8.0%
Capex / revenue	7.1%	1.6%	1.7%	0.9%

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.