1. South Korea Stocks

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    Process industries

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    Chemicals: specialty
HANCHANG INDUSTRY Co., Ltd.

HANCHANG INDUSTRY Co., Ltd.

KKRX:079170
5,370.00
KRW
-20.00
(-0.37%)
1,405.59EPS
4.55P/E
33.04BMarket Cap
HANCHANG INDUSTRY Co., Ltd.
KRX:079170
(Korea Stock Exchange)

Recent

price

5,370.00

P/E

ratio

4.55

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
8,993.2
11,825.67
11,119.44
10,125.44
9,106.94
9,257.91
9,185.31
10,436.64
12,031.18
12,639.76
10,868.48
14,256.48
19,209.86
12,965.02
18,311.71
19,058.57
18,963.59
Revenue per Share
337
166.12
68
354
189
-321
392
233
274
227
227
768
1,184
301
1,319
1,273
1,405.59
Basic EPS, GAAP
65.16
-315.54
-162.37
362.18
-771.47
1,385.64
-359.56
-835.27
919.73
-648.92
519.84
-1,589.2
534.25
1,719.56
1,683.53
1,070.56
849.03
Free Cash Flow per Basic Share
199.95
200.9
150.84
149.81
149.66
120.18
100.03
120.49
109.75
119.96
109.81
119.94
190.02
200.23
160.05
219.93
- -
Dividend per Share
9,804.58
9,967.33
9,867.84
10,044.12
10,102.38
9,636.96
9,933.19
10,023.12
10,166.71
10,146.38
10,212.08
10,890.88
11,955.02
11,952.87
13,030.05
14,025.03
14,073.04
Book Value per Share
9,774.88
9,743.85
9,650.91
9,891.26
9,956.06
9,497.18
9,844.05
9,934.14
10,038.13
10,026.8
10,077.8
10,756.17
11,831.31
11,784.01
12,859.86
13,850.69
13,901.07
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
46,775
61,218
57,165
52,414
47,188
47,789
47,474
53,948
62,341
65,366
56,286
73,740
99,300
66,951
94,640
98,563
98,039
Sales/Revenue/Turnover
-0.97
1.4
-0.33
4.72
1.79
-2.99
7.29
4.39
0.55
1.52
1.66
4.4
7.16
2.35
9.27
8
7.96
Operating Margin (%)
1,828
1,291
1,552
1,751
1,860
1,419
771
920
1,062
1,188
1,472
1,465
2,009
2,753
3,005
3,013
2,976
Depreciation Expense
1,753
860
350
1,832
979
-1,657
2,026
1,204
1,420
1,174
1,176
3,972
6,120
1,554
6,817
6,583
7,267
Net Income, GAAP
1.5
6.3
- -
27.54
33.53
- -
18.79
11.37
9.41
12.2
17.34
9.43
17.44
- -
19.54
19.63
19.98
Effective Tax Rate (%)
3.75
1.4
0.61
3.5
2.08
-3.47
4.27
2.23
2.28
1.8
2.09
5.39
6.16
2.32
7.2
6.68
7.41
Profit Margin (%)
33,534
30,556
30,598
31,272
29,111
28,006
30,070
30,716
31,138
31,565
36,433
36,721
41,808
40,576
42,642
39,929
40,708
Working Capital
- -
- -
- -
- -
- -
- -
- -
1,500
1,500
1,275
975
3,149
4,112
3,075
- -
- -
- -
LT Debt
50,984
51,530
51,015
51,927
52,228
49,822
51,353
51,818
52,560
52,455
52,795
56,304
61,806
61,794
67,363
72,507
72,755
Total Equity
-0.96
1.66
- -
3.47
1.08
- -
5.57
4.01
0.58
1.61
1.44
5.16
9.23
- -
10.46
8.94
8.83
Return on Invested Capital (%)
3.76
1.72
- -
3.56
1.88
- -
4.01
2.32
2.69
2.21
2.21
7.02
9.91
- -
10.38
9.41
10.4
Return on Capital (%)
3.74
1.68
0.68
3.56
1.88
-3.25
4.01
2.33
2.72
2.24
2.23
7.28
10.36
2.52
10.56
9.41
10.4
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
37,275
33,604
33,035

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
49,718
50,041
51,456
Cash, Cash Equivalents & STI
13,372
12,319
9,340
Accounts Receivable, Net
14,052
14,543
15,602
Inventories
20,795
21,273
24,497
Total Current Liabilities
7,081
10,113
10,748
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.89%
6.61%
7.64%
Free Cash Flow
-91.04%
-71.15%
-36.37%
Net Income, GAAP
29.04%
110.5%
-3.43%
Sales/Revenue/Turnover
9.81%
15.72%
4.14%
Total Cash Common Dividend
8.61%
18.04%
37.5%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17,303
37,164
18,444
21,728
94,640
2025
21,755
34,349
21,335
21,124
98,563
2026
21,232
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79
1,078
44
117.97
1,319
2025
143
1,015.95
53.21
78.42
1,273
2026
258.01
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
160.05
2025
- -
- -
- -
- -
219.93
2026
- -
- -
- -
- -
- -
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Business
HANCHANG INDUSTRY Co., Ltd. is a South Korea-based specialty chemical and functional materials manufacturer primarily engaged in the development, production, and commercialization of anti-corrosion pigments, specialty absorbents, molecular sieves, and advanced energy materials. Founded in 1985 and headquartered in Hwaseong-si, Gyeonggi-do, South Korea, with an additional corporate office in Gangnam-gu, Seoul, the company supplies foundational chemical solutions to heavy industries including marine shipbuilding, protective coatings, commercial climate control, industrial gas separation, and stationary energy storage. The company categorizes its operations through several core product divisions: Anti-Corrosion Pigments, comprising high-purity zinc dust and zinc phosphate compounds utilized as active anti-rust raw materials in protective paints and primers for marine vessels, shipping containers, steel bridges, and offshore industrial structures; Absorbents, including aqueous lithium bromide solutions engineered as eco-friendly, non-toxic working fluids for central absorption chillers, industrial heaters, and large-scale heating, ventilation, and air conditioning systems; Adsorbents and Molecular Sieves, featuring synthetic zeolite adsorbents, such as lithium-substituted low-silica X zeolites, tailored for high-selectivity nitrogen and oxygen separation in pressure swing adsorption and vacuum pressure swing adsorption industrial oxygen generation systems; and Specialty Energy Materials, including proprietary electrolyte solutions for zinc-bromine and vanadium redox flow batteries utilized in utility-scale energy storage systems, cathode components for solid oxide fuel cells, manganese oxide, industrial catalysts, and specialized glass beads. In recent operational and strategic developments, Hanchang Industry has expanded its international footprint by accelerating export shipments of its specialized lithium molecular sieve zeolites to industrial gas and steelmaking infrastructure projects across Asia, notably in India and Vietnam. The company continues to advance the formulation and commercial supply of high-purity electrolyte chemistries tailored for next-generation zinc-bromine redox flow battery systems to capture growth in long-duration energy storage. In corporate governance and sustainability milestones, the company earned an EcoVadis Silver Medal in 2024 for its environmental, social, and governance management practices alongside its ISO 14001 and ISO 45001 certified operations. Additionally, in August 2026, Hanchang Industry executed a KRW 1.5 billion treasury share repurchase trust agreement aimed at enhancing shareholder value and facilitating structured employee compensation programs.