Shinsung E&G returned to profit in the second quarter and also posted an operating profit on a cumulative first-half basis. Shinsung E&G said on Thursday it recorded second-quarter consolidated revenue of 201.8 billion won and operating profit of 3.1 billion won in 2026. Revenue rose 44.2 percent from a year earlier and increased 31.3 percent from the previous quarter. Operating profit swung to black from an operating loss of 2.2 billion won in the previous quarter, and the operating margin was 1.5 percent.

Compared with a year earlier, operating profit fell 8.8 percent to 3.1 billion won from 3.4 billion won. Net loss was 2.2 billion won, narrowing by 1.6 billion won from the previous quarter.

For the first half, the company posted revenue of 355.4 billion won and operating profit of 800 million won. In the first half a year earlier, revenue was 256.2 billion won and it posted an operating loss of 1.9 billion won. It offset a first-quarter operating loss of 2.2 billion won with a second-quarter operating profit of 3.1 billion won, ending the first half in the black. First-half revenue also rose 38.7 percent from a year earlier, accompanied by growth in scale.

Order indicators were also steady. Second-quarter order intake was 266.6 billion won, up 47 percent from a year earlier. The order backlog stood at 392.6 billion won as of end-June.

By segment, a recovery in the Clean Environment (ENG) business led overall results. Second-quarter ENG revenue was the largest quarterly amount in the past five years, and operating profit also returned to black. The company said an expansion in orders for semiconductors drove higher volumes, and profitability improved as cost burdens eased with the completion of settlements for carried-over projects.

As of end-June, the ENG segment secured an order backlog of 392.6 billion won, strengthening the revenue base for the second half. The company said it expects the improvement in results to continue in the second half, based on a quality order backlog that includes large projects.

The Renewable Energy (RE) segment saw revenue rise sharply from the previous quarter as shipments of floating solar resumed. However, the operating loss continued. As revenue increased, the burden of fixed costs fell and the loss narrowed.

The company said it expects the RE segment's performance improvement to continue in the second half as additional module shipments and the Hapcheon Dam project are scheduled. The RE segment plans to lower its cost ratio through selective order taking and to strengthen profitability-focused operations.

A company official said, "It is meaningful that we achieved a return to profit in the second quarter despite external variables such as rises in raw materials and labor costs in the first half." The official added, "Based on continued new orders, we will focus on improving profitability through upgrading our cost management system."

Shinsung E&G also disclosed a plan to enhance corporate value on Thursday. It had said at an investor relations event in February that it would pursue the cancellation of treasury shares and the establishment of a corporate value enhancement plan, and in May it completed the cancellation of treasury shares worth about 5.0 billion won. The company said the disclosure of the plan is a sequential implementation of the pledge at the time and it is carrying out its promise to the market.