New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (₩55.8b market cap, or US$37.3m). Annonce • May 14
Daiyang Metal Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999 million. Daiyang Metal Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 793,650
Price\Range: KRW 1260
Transaction Features: Subsequent Direct Listing Annonce • Mar 31
Daiyang Metal Co., Ltd. announced that it has received KRW 10.5 billion in funding from DeepLab Korea Co., Ltd. On March 30, 2026, Daiyang Metal Co., Ltd. has closed the transaction. Annonce • Mar 17
Daiyang Metal Co., Ltd., Annual General Meeting, Mar 27, 2026 Daiyang Metal Co., Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 146-8, chusa-ro, sinam-myeon, yesan-gun, chungcheongnam-do, South Korea Annonce • Oct 02
D.Y.M Partners Co., Ltd. acquired additional 7.15% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from Bb1 Association. D.Y.M Partners Co., Ltd. entered into a share purchase agreement to acquire additional 7.15% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from Bb1 Association for KRW 6.4 billion on September 8, 2025.
D.Y.M Partners Co., Ltd. completed the acquisition of additional 7.15% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from Bb1 Association on October 1, 2025. Annonce • Sep 04
An undisclosed buyer agreed to acquire 6.97% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Daiyang Metal Co., Ltd. (KOSE:A009190) for KRW 9.66 billion. An undisclosed buyer agreed to acquire 6.97% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Daiyang Metal Co., Ltd. (KOSE:A009190) for KRW 9.66 billion on September 3, 2025. A cash consideration of KRW 9.66 billion will be paid by the buyer. As part of consideration, KRW 9.66 billion is paid towards common equity of Young Poong Paper Mfg Co.,Ltd.
The transaction is subject to approval of offer by the largest shareholder. The expected completion of the transaction is September 18, 2025. Annonce • Jul 31
Daiyang Metal Co., Ltd. announced that it expects to receive KRW 10 billion in funding Daiyang Metal Co., Ltd announced a private placement to issue 5% Domestic Unregistered Interest-Bearing Unsecured Private Convertible Bonds due August 11, 2028 for gross proceeds of KRW 10,000,000,000 on July 30, 2025. The transaction will include participation from new investor DeepLab Korea Co., Ltd. The transaction has been approved by shareholders, restricted to a hold period, expected to close on August 11, 2025, 100% convertible into 6,309,148 shares at a fixed conversion price of KRW 1,585 from August 11, 2026 to July 11, 2028, bears 5% coupon rate, 5% maturity rate, matures on August 11, 2028. Annonce • May 02
Daiyang Metal Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999439 million. Daiyang Metal Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999439 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 832,639
Price\Range: KRW 1201
Transaction Features: Subsequent Direct Listing New Risk • Apr 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₩81.3b market cap, or US$56.5m). Annonce • Apr 16
Daiyang Metal Co., Ltd. announced that it expects to receive KRW 4.999999824 billion in funding Daiyang Metal Co., Ltd announced a private placement to issue 4,118,616 Common Shares at issue price of KRW 1,214 per share and having a face value of KRW 500 for aggregate gross proceeds of KRW 4,999,999,824 on April 14, 2025. The transaction has been approved by the board of directors of the company and is expected to close on May 8, 2025. The issued shares will have a lockup period of one year. The transaction will include participation from PH No.2 Fund. Annonce • Apr 15
Daiyang Metal Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999439 million. Daiyang Metal Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999439 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 832,639
Price\Range: KRW 1201
Transaction Features: Subsequent Direct Listing Annonce • Mar 14
Daiyang Metal Co., Ltd., Annual General Meeting, Mar 28, 2025 Daiyang Metal Co., Ltd., Annual General Meeting, Mar 28, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 146-8, guncheong-ro, yesan-eup, yesan-gun, chungcheongnam-do, South Korea New Risk • Nov 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (₩66.1b market cap, or US$47.0m). New Risk • Sep 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Market cap is less than US$100m (₩78.7b market cap, or US$59.2m). New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (₩74.0b market cap, or US$53.5m). Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: ₩109 loss per share. Net loss: ₩3.95b (flat on 3Q 2022). New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩84.8b market cap, or US$62.7m). New Risk • Aug 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩133.4b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₩133.4b market cap, or US$99.7m). New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩4,270, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total returns to shareholders of 75% over the past three years. Annonce • Dec 14
Daiyang Metal Co., Ltd. announced that it has received KRW 17 billion in funding On December 13, 2022, Daiyang Metal Co., Ltd. closed the transaction. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Oct 22
Daiyang Metal Co., Ltd. announced that it expects to receive KRW 20 billion in funding Daiyang Metal Co., Ltd. announced a private placement of series 22 domestic bearer type interest part non-guaranteed private placement convertible bonds for gross proceeds of KRW 20,000,000,000 on October 20, 2022. The transaction will include participation from BH fund for KRW 20,000,000 in the transaction. The bonds carry 5% maturity rate, and will mature on October 27, 2025. The bonds are 100% convertible into 5,868,544 shares at a conversion price of KRW 3,408. The bonds are convertible from October 27, 2023 and ends on September 27, 2025. The transaction was approved by the board of directors of the company. The transaction is expected to close on October 27, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Jul 14
Daiyang Metal Co., Ltd. announced that it has received KRW 8 billion in funding from Eugene Investment & Securities Co.,Ltd., Hands Partners Co., Ltd., BFA Co.,Ltd., Focus Asset Management Co., Ltd. On July 12, 2021, Daiyang Metal Co., Ltd. closed the transaction. Annonce • Jun 11
Daiyang Metal Co., Ltd. announced that it expects to receive KRW 6 billion in funding Daiyang Metal Co., Ltd. (KOSE:A009190) announced that it will issue series 18 non-guaranteed private equity convertible bonds with bearer type interest rate for gross proceeds of KRW 6,000,000,000 on June 10, 2021. The transaction will include participation from PH No.2 Association. The bonds will be issued at par. The bonds will bear surface interest rate of 0% per annum and maturity rate of 2% per annum. The bonds will mature on July 01, 2024. The bonds are fully convertible into 1,174,168 common shares representing 3.82% stake at a fixed conversion price of KRW 5,110 per share from July 01, 2022 to May 31, 2024. The date of subscription is June 14, 2021 and expected date of payment is July 01, 2021. The transaction is approved by the board of directors of the company. Annonce • Mar 18
Daiyang Metal Co., Ltd., Annual General Meeting, Mar 31, 2021 Daiyang Metal Co., Ltd., Annual General Meeting, Mar 31, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 14
New 90-day high: ₩4,240 The company is up 25% from its price of ₩3,385 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: ₩4,050 The company is up 4.0% from its price of ₩3,900 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 27% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: ₩3,280 The company is down 32% from its price of ₩4,805 on 24 July 2020. The South Korean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 6.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day low: ₩3,725 The company is down 19% from its price of ₩4,625 on 23 June 2020. The South Korean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Annonce • Jul 31
Sunpil Gong and Daiyang D&C Co., Ltd. acquired 32.44% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) for approximately KRW 13.2 billion. Sunpil Gong and Daiyang D&C Co., Ltd. acquired 32.44% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) for approximately KRW 13.2 billion on April 16, 2020. As part of the acquisition, Daeyang Holdings Company will acquire 17.31% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) and Sunpil Gong will acquire 15.12% stake in Daiyang Metal Co., Ltd.
Sunpil Gong and Daiyang D&C Co., Ltd. completed the acquisition of 32.44% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) on April 16, 2020. Annonce • Jul 30
Ok Soon Lee, CEO of Daeyang Holdings Company, acquired 1.87% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) for approximately KRW 400 million. Ok Soon Lee, CEO of Daeyang Holdings Company, acquired 1.87% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) for approximately KRW 400 million on May 19, 2020. As per terms, Ok Soon Lee acquired 0.79 million shares at KRW 504 per share.
Ok Soon Lee, CEO of Daeyang Holdings Company, completed the acquisition of 1.87% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) on May 19, 2020. Annonce • Jul 25
An unknown buyer acquired 7.1% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from GNC Partners Co., Ltd. for approximately KRW 1.5 billion. An unknown buyer acquired 7.1% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from GNC Partners Co., Ltd. for approximately KRW 1.5 billion on July 24, 2020. As per terms, GNC Partners Co., Ltd. sold 2.9 million shares at KRW 500 per share.
An unknown buyer completed the acquisition of 7.1% stake in Daiyang Metal Co., Ltd. (KOSE:A009190) from GNC Partners Co., Ltd. on July 24, 2020. 