WCP narrows Q1 operating loss by 32.6% YoY to KRW 20.5 billion

Published: May 13, 2026 15:32

Save

WCP announced on May 11 that it posted consolidated revenue of KRW 42.8 billion, an operating loss of KRW 20.5 billion and a net loss of KRW 48.4 billion for the first quarter of this year.

Revenue increased 26.5% year on year, while the operating loss narrowed by 32.6%. However, the net loss widened by 45.4%.

Compared with the previous quarter, revenue rose 57.9%, while the operating loss narrowed by 49% and the net loss decreased by 11.4%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

C&D Inc. Signed Cooperation Memorandum with CATL

[C&D Inc. and CATL Signed Strategic Cooperation Memorandum] Xiamen C&D Inc. and CATL signed a strategic cooperation memorandum. The two parties will leverage overseas investment as a bond to conduct in-depth cooperation across the upstream and downstream of the new energy industry.

Common.Time.minsAgo

BYD Energy Storage Signed Maritime Cooperation Agreement with Corvus Energy AS

[BYD Energy Storage and Corvus Energy AS Sign Strategic Cooperation Agreement] BYD Energy Storage and Corvus Energy AS held a strategic cooperation signing ceremony at the CIBF exhibition in Shenzhen. The agreement aimed to fully integrate the resources and technological advantages of both parties to establish a more comprehensive and in-depth strategic partnership in the maritime new energy sector. The two parties will make concerted efforts in technology collaboration, resource sharing, and market expansion to jointly advance the R&D, certification, and large-scale commercialization of high C-rate LFP marine battery systems and bring them to the global market.

Common.Time.minsAgo

SAMR Released 19 National Standards in the Shipbuilding Sector

[SAMR Released 19 National Standards in the Shipbuilding Sector] The State Administration for Market Regulation (SAMR) recently approved and released 19 national standards in the shipbuilding sector, covering key areas such as new energy-powered vessels, intelligent classification, intelligent life buoys, methanol-fueled engines, ship corrosion protection, and piping accessories, which will further help enhance the green and intelligent development of ships.

Common.Time.minsAgo