Hyundai Mobis Co., Ltd. Business Report FY ended Dec. 2015
Business Highlights
Highlights in FY2015 (FY ended Dec. 31, 2015)
Financial Overview (Consolidated) |
(in billions of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | Rate of change (%) |
Remarks | |
| Sales | 36,019.7 | 35,126.6 | 2.5 | -Strong sales of SUVs and other vehicles boosted our sales, but a decline in China sales affected our profit negatively. -In FY2015, sales at the Module Division stood at 29,715.3 billion won, which accounted for 82.5 percent of the Company's overall revenue. |
| Operating income | 2,934.5 | 3,141.2 | (6.6) | - |
| Net income | 3,040.0 | 3,392.5 | (10.4) | - |
Contracts
<PSA>
-The Company was awarded a KRW 22 billion contract to supply integrated center stacks (ICSs) to the PSA Group. These ICSs will be produced at Hyundai Mobis' Tianjin Plant, and will be delivered to PSA's plants in France. The products will be used on new Peugeot models that will be mass-produced starting in 2017. (From a press release on August 19, 2015)
Divestiture
-Duckyang Industry announced that it will acquire the 60 percent of Beijing Mobis Chonche Automotive Parts Co., Ltd. shares owned by Hyundai Mobis. Beijing Mobis Chonche Automotive Parts is a joint venture between Hyundai Mobis and China National Chemical Equipment Corporation. It produces floor consoles, bumpers, and radiator grilles, and generated approximately USD 213 million dollars (KRW 240 billion) in sales during 2013. (From a press release on February 13, 2015)
R&D Structure
| Facility | Location |
| Yong-in R&D Center | Yong-in, Gyeonggi-do, Korea |
| Uiwang R&D Center | Uiwang, Gyeonggi-do, Korea |
| Shanghai R&D Center | Shanghai, China |
| Detroit R&D Center | Detroit, China |
| Frankfurt R&D Center | Frankfurt, Germany |
| India R&D Center | Hyderabad, India |
R&D Expenditure |
(in millions of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Amount | 623,169 | 492,700 | 424,054 |
| % of sales | 1.7% | 1.4% | 1.2% |
R&D Activities
-The Company announced that it has developed iMEB (Integrated Mobis Electronic Brake), an integrated regenerative brake system for environmentally friendly vehicles. The iMEB integrates the pressure supply unit and the pressure control unit of the regenerative brake system into a single electronically driven type system. This allows for more than a 30% reduction in both cost and weight. In addition, cutting-edge brake functionality, such as ESC (Electronic Stability Control), ABS (Anti-lock Brake System), SCC (Smart Cruise Control), and AEB (Autonomous Emergency Braking) are also integrated. (From a press release on November 22, 2015)
Capital Expenditure |
(in billions of won) |
| FY ended Dec. 31, 2015 | FY ending Dec. 31, 2016 (Planned) |
|
| Korea |
3,139.1 | 677.0 |
| Overseas |
978.1 | 858.4 |
| Total | 4,117.1 | 1.535.4 |
Investment outside Korea
<China>
-The Company announced that it will establish a new plant in the Chongqing Liangjiang New Area in China. The company plans to spend USD 250 million in the first phase of this project. Construction will begin at the end of June 2015 and is scheduled to be completed in March 2017. The plant is expected to generate approximately USD 1,200 million in sales per year. (From news releases issued by multiple sources on June 23, 2015)