Duyuru • Mar 13
Charm Engineering Co.,Ltd., Annual General Meeting, Mar 26, 2026 Charm Engineering Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 4, sunae-ro 46beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Feb 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (₩24.2b market cap, or US$16.7m). Duyuru • Jan 27
Charm Engineering Co.,Ltd. announced that it has received KRW 4.999999638 billion in funding from HB Holdings Group Co., Ltd. On January 26, 2026, Charm Engineering Co.,Ltd. closed the transaction. New Risk • Jan 19
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 14% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩22.3b market cap, or US$15.1m). New Risk • Nov 21
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 9.2% 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 Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (₩23.3b market cap, or US$15.8m). Board Change • May 09
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. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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. Reported Earnings • Mar 22
Full year 2024 earnings released: ₩276 loss per share (vs ₩394 loss in FY 2023) Full year 2024 results: ₩276 loss per share (improved from ₩394 loss in FY 2023). Revenue: ₩64.9b (down 15% from FY 2023). Net loss: ₩23.0b (loss narrowed 7.3% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Duyuru • Mar 13
Charm Engineering Co.,Ltd., Annual General Meeting, Mar 26, 2025 Charm Engineering Co.,Ltd., Annual General Meeting, Mar 26, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 5, hyeongje-ro, namsa-myeon, cheoin-gu, gyeonggi-do, yongin South Korea New Risk • Mar 11
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 11% 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 Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩19.8b market cap, or US$13.7m). Reported Earnings • Mar 21
Full year 2023 earnings released: ₩394 loss per share (vs ₩36.00 loss in FY 2022) Full year 2023 results: ₩394 loss per share (further deteriorated from ₩36.00 loss in FY 2022). Revenue: ₩76.3b (down 55% from FY 2022). Net loss: ₩24.8b (loss widened ₩22.7b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 45% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (45% increase in shares outstanding). Market cap is less than US$100m (₩37.1b market cap, or US$28.1m). Reported Earnings • Aug 20
Second quarter 2023 earnings released: ₩117 loss per share (vs ₩202 profit in 2Q 2022) Second quarter 2023 results: ₩117 loss per share (down from ₩202 profit in 2Q 2022). Revenue: ₩19.4b (down 70% from 2Q 2022). Net loss: ₩6.84b (down 159% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2023 earnings released: ₩52.00 loss per share (vs ₩67.87 loss in 1Q 2022) First quarter 2023 results: ₩52.00 loss per share (improved from ₩67.87 loss in 1Q 2022). Revenue: ₩20.1b (up 150% from 1Q 2022). Net loss: ₩3.04b (loss narrowed 18% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2022 earnings released: ₩36.00 loss per share (vs ₩36.99 loss in FY 2021) Full year 2022 results: ₩36.00 loss per share. Revenue: ₩170.6b (up 13% from FY 2021). Net loss: ₩2.08b (loss widened 3.8% from FY 2021). 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. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩822, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 10x in the Semiconductor industry in South Korea. Total loss to shareholders of 26% over the past three years. 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. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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. Duyuru • Feb 09
HB Holdings Group agreed to acquire 85.82% stake in Charm Savings Bank CO.,LTD from Charm Engineering Co.,Ltd. for KRW 75 billion. HB Holdings Group agreed to acquire 85.82% stake in Charm Savings Bank CO.,LTD from Charm Engineering Co.,Ltd. for KRW 75 billion on February 8, 2022. The transaction is subject to Charm Engineering shareholder's approval and due diligence. The proceeds will be used for securing financial soundness by purchasing raw materials and repaying borrowings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩21.01 (vs ₩26.00 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩51.7b (up 141% from 1Q 2020). Net income: ₩1.12b (up ₩2.49b from 1Q 2020). Profit margin: 2.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Mar 13
Charm Engineering Co.,Ltd., Annual General Meeting, Mar 29, 2021 Charm Engineering Co.,Ltd., Annual General Meeting, Mar 29, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Nov 09
New 90-day high: ₩1,505 The company is up 11% from its price of ₩1,350 on 11 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 2.0% over the same period. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS ₩264 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₩69.0b (up 144% from 3Q 2019). Net income: ₩14.0b (up ₩15.1b from 3Q 2019). Profit margin: 20% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 15
New 90-day high: ₩1,430 The company is up 8.0% from its price of ₩1,330 on 17 July 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Semiconductor industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day low: ₩1,215 The company is down 17% from its price of ₩1,470 on 19 June 2020. The South Korean market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 5.0% over the same period.