Daewon Electric Wire (006340) disclosed Q1 2026 revenue of $1.11B in its quarterly report filed with DART, up 32% from $845M in the same period last year.
Earnings at a Glance
Revenue grew sharply, but operating income contracted. Rising raw material costs — particularly copper — appear to have compressed margins.
- Revenue: $1.11B, +32% YoY (Q1 2025: $845M)
- Wire & cable segment revenue: $111M (per Investing.com)
- Operating income: declined YoY (specific figure not disclosed in the filing — independent verification required)
- Copper rod (CU-ROD) average unit price: $13.12/kg vs. $10.20/kg a year ago, +29% YoY
Market Reaction
Shares hit the daily upper limit circuit following the earnings release, according to Lead Economy. Despite a 35% drop in operating income, expectations surrounding AI data center power grid expansion drove the rally. Donghaeng Ilbo compared Daewon's results against rival Daehan Electric Wire, while Pinpoint News cited overseas order wins and new business initiatives as grounds for a potential re-rating.
Segment Breakdown
- Wire & cable segment: core revenue driver within the $1.11B total — domestic $97.6M, exports $12.9M, other $5.1M (per DART filing)
- OEM automotive parts segment: revenue of $176M, with 99.7% derived from domestic OEM supply to automakers
- Wire & cable revenue mix by product: power cables 59%, communication cables 31%, winding wire 6%, specialty cables 3%, other 1%
This article was auto-generated based on the original DART regulatory filing and domestic and international media reports. It is intended solely for the rapid delivery of key data points immediately following disclosure. Readers are advised to consult the company's official filing before making any investment decisions.
