한창제지, 액면병합∙자산재평가 투트랙…실적은 ‘시험대’

Hanchangjji Paper's stock consolidation and asset revaluation are superficial fixes to meet strengthened delisting requirements; the real test is whether the company can achieve profitability recovery in 2026 after posting a 13.1 billion won net loss in 2024. Export unit price recovery and resolution of product quality issues are critical, but ongoing supply chain disruptions from geopolitical tensions create significant uncertainty.