Chosun Refractories Co., Ltd.

Chosun Refractories Co., Ltd.

KKRX:462520
11,110.00
KRW
-190.00
(-1.68%)
238.96EPS
84.41P/E
185.56BMarket Cap
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23,573.27
42,508.65
44,993.95
44,122.66
Basic EPS, GAAP
1,990
40
188
185.51
Free Cash Flow per Basic Share
-564.08
3,246.67
-333.72
1,917.28
Dividend per Share
- -
832.24
1,042.75
840.31
Book Value per Share
17,960.29
18,273.49
18,686.47
18,244.11
Tangible Book Value per Share
16,839.05
17,214.89
17,650.8
17,218.35
Basic Weighted Avg Shares
12
12
12
12
Sales/Revenue/Turnover
279,367
500,640
532,033
522,987
Operating Margin (%)
11.4
4
4.48
4.29
Depreciation Expense
5,946
12,033
11,122
11,020
Net Income, GAAP
23,583
471
2,223
2,199
Effective Tax Rate (%)
20.56
62.55
24.85
50.11
Profit Margin (%)
8.44
0.09
0.42
0.42
Working Capital
-17,304
-85,830
-37,016
-38,681
LT Debt
791
923
527
379
Total Equity
220,825
236,071
231,340
227,584
Return on Invested Capital (%)
- -
1.76
3.86
2.4
Return on Capital (%)
- -
0.67
1.84
1.18
Return on Common Equity (%)
- -
0.22
1.02
0.98

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
196,962
197,535
197,483
LT Borrowings
- -
- -
- -
LT Finance Leases
527
544
379
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
167,073
161,622
185,557

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
225,681
234,464
236,298
Cash, Cash Equivalents & STI
63,969
70,730
74,165
Accounts Receivable, Net
57,716
- -
- -
Inventories
95,407
93,060
101,293
Total Current Liabilities
262,697
262,206
274,979
Payables & Accruals
- -
- -
- -
ST Debt
196,962
197,535
197,483
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-2%
Free Cash Flow
- -
- -
-110.32%
Net Income, GAAP
- -
- -
371.88%
Sales/Revenue/Turnover
- -
- -
6.27%
Total Cash Common Dividend
- -
- -
25.8%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
126,000
127,396
126,960
120,283
500,640
2025
130,787
136,342
135,525
129,379
532,033
2026
131,868
126,216
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
435
196
649
-789.31
40
2025
270
397
-108.41
81.37
188
2026
618.15
-405
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
832.24
2025
199.96
0.01
840.59
- -
1,042.75
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gwang-Cheol Choi
Full Time Employees
479
Sector
Non-energy minerals
Industry
Construction materials
Address
Gwangyang-si South Korea
IPO Date
Jul 28, 2023
Business
Chosun Refractories Co., Ltd. is a South Korea-based industrial materials company primarily engaged in the development, manufacture, and distribution of comprehensive refractory products and high-temperature thermal solutions. Operating as a subsidiary of CR Holdings Co., Ltd., the company serves heavy industrial sectors with a strong focus on the iron and steel industry, alongside cement, glass, petrochemical, and non-ferrous metal manufacturing. The company organizes its core offerings across multiple product lines and specialized engineering services: shaped refractories, including magnesia-carbon (MgO-C) bricks, high-alumina bricks, fireclay bricks, silicon carbide bricks, zircon bricks, acid-resistant bricks, and insulating firebricks; unshaped and monolithic refractories, comprising refractory castables, pre-cast blocks, gunning materials, plastic refractories, ramming mixes, blast furnace trough runner materials, and high-temperature joint mortars; continuous casting flow-control products, consisting of submerged entry nozzles (SEN), ladle shroud nozzles, and monoblock long stoppers; sliding nozzle (SN) systems and components, including slide gate plates, collector nozzles, porous gas-purging plugs, sliding nozzles, and automated slide gate valve mechanisms; and refractory engineering services, encompassing furnace lining design, masonry construction, high-temperature thermal facility maintenance, and technical diagnostics for blast furnaces, converters, ladles, and tundishes. Originally established in 1947 and headquartered in Gwangyang-si, Jeollanam-do, South Korea, the company operates major manufacturing facilities and research centers in Gwangyang and Pohang, supported by international sales networks and operational footholds across key global markets including China, Indonesia, Japan, and Europe. In July 2023, the enterprise completed a major corporate restructuring and spin-off, transitioning the legacy entity into CR Holdings Co., Ltd. and re-establishing Chosun Refractories Co., Ltd. as an independent operating company listed on the Korea Exchange under ticker 462520. Following the reorganization, the company has focused on expanding its high-performance functional refractory portfolio, advancing energy-saving and carbon-reducing refractory technologies, and reinforcing long-term supply arrangements with key industrial partners such as POSCO while expanding global export operations.