Announcement • Mar 13
Wooree Lighting Co.,Ltd, Annual General Meeting, Mar 31, 2026 Wooree Lighting Co.,Ltd, Annual General Meeting, Mar 31, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 79, seonggok-ro, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩25.6b market cap, or US$18.5m). New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩25.6b market cap, or US$18.4m). New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% 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 (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.04% net profit margin). Market cap is less than US$100m (₩23.9b market cap, or US$17.4m). Announcement • Mar 15
Wooree Lighting Co.,Ltd, Annual General Meeting, Mar 28, 2025 Wooree Lighting Co.,Ltd, Annual General Meeting, Mar 28, 2025, at 11:00 Tokyo Standard Time. Location: auditorium, 79, seonggok-ro, danwon-gu, gyeonggi-do, ansan South Korea New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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 2013 fiscal period end). Minor Risk Market cap is less than US$100m (₩24.9b market cap, or US$17.5m). New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 0.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (₩29.4b market cap, or US$21.0m). Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: ₩208 (vs ₩296 in FY 2022) Full year 2023 results: EPS: ₩208 (down from ₩296 in FY 2022). Revenue: ₩1.29t (down 6.6% from FY 2022). Net income: ₩4.98b (down 30% from FY 2022). Profit margin: 0.4% (down from 0.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩1,632, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,287, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,120, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩2,340, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 15x in the Electrical industry in South Korea. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to ₩2,440, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩2,525, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 17x in the Electrical industry in South Korea. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 27% share price gain to ₩3,085, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 157% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,120, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 19x in the Electrical industry in South Korea. Total returns to shareholders of 84% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 15% share price gain to ₩4,175, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 27x in the Electrical industry in South Korea. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 38% share price gain to ₩3,760, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 26x in the Electrical industry in South Korea. Total returns to shareholders of 129% over the past three years. Is New 90 Day High Low • Feb 15
New 90-day high: ₩2,895 The company is up 40% from its price of ₩2,065 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: ₩2,400 The company is up 34% from its price of ₩1,795 on 21 October 2020. The South Korean market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 20% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 15% share price gain to ₩2,025, the stock is trading at a trailing P/E ratio of 7.1x, up from the previous P/E ratio of 6.1x. This compares to an average P/E of 18x in the Electrical industry in South Korea. Total returns to shareholders over the past three years are 28%. Is New 90 Day High Low • Nov 06
New 90-day high: ₩2,025 The company is up 79% from its price of ₩1,130 on 07 August 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₩1,900 The company is up 78% from its price of ₩1,070 on 08 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 45% over the same period.