Hanchang Paper

한창제지 · 009460

Materials Paper & Packaging · KOSPI

Small-cap

Market cap US$15.8M (₩21.8B)

Overview

Hanchang Paper makes paperboard, thick, stiff sheets of paper used for packaging, supplying grades such as manila board and white-coated board for cigarette cartons, premium industrial packaging, infant publications, and food packaging.

Its customers span domestic and export markets, with the company shipping to both. Listed on KOSPI, Korea's main stock exchange, it was the first in Korea to introduce dedicated all-pulp board manufacturing equipment, and it continues to develop specialty industrial papers as a higher-margin product line.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025
Revenue · FY2025
US$193.4M
▼ −9.3% YoY
Operating profit · FY2025
−US$3.8M
Turned to loss
Net income · FY2025
−US$9.5M
Turned to loss

Revenue

  • FY2023US$200M
  • FY2024US$213.2M
  • FY2025US$193.4M

Operating profit

  • FY2023−US$8.3M
  • FY2024US$827.9K
  • FY2025−US$3.8M

Net income

  • FY2023−US$12.7M
  • FY2024US$1.9M
  • FY2025−US$9.5M

Key ratios (FY2025)

ROE
-15.8%
Debt/Eq
246.7%
Op. margin
-1.9%
Net margin
-4.9%
Rev. YoY
▼ −9.3%

Why it matters

The company claims to be the first in Korea to install dedicated all-pulp board production equipment, a capability it highlights as a point of differentiation in the domestic paperboard market.

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For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-06-12 (KST). · FX: 1 USD ≈ ₩1,380 (2026-06-01).

Company summaries are generated and may contain errors; financial figures are mapped directly from official filings.