Seoyon E-Hwa Co., Ltd. (Formerly Hanil E-Hwa Co., Ltd.) Business Report FY ended Dec. 2019

Financial Overview (Consolidated)

(in millions of won)

	FY ended Dec. 31, 2019	FY ended Dec. 31, 2018	Rate of change (%)
Sales	1,976,766	1,906,853	3.7
Operating income	21,876	12,026	81.9
Net income	(48,334)	(8,091)	-

Awards and Certifications

-The Company announced that Assan Hanil Otomotiv Sanayi ve Ticaret A.S. of the Republic of Turkey won a 2017 Excellent Supplier Silver Prize from Ford Otosan. At the ceremony, the gold, silver, and bronze prizes are given to three companies, and a special encouragement award was given to one company. Altogether, 10 companies received the awards. (From a press release on March 27, 2018)

R&D structure

-Central Research Center is located in Asan
-Development Center is located in Ulsan
-Technical Research Center was established in Beijing, China in July 2007

R&D Expenditure

(in millions of won)

	FY ended Dec. 31, 2019	FY ended Dec. 31, 2018	FY ended Dec. 31, 2017
Amount	39,459	34,112	35,821
% of Sales	4.1	3.6	3.7

Recent Developments

Model (Development code)	Product	Project period	Applications in products
FY ended Dec. 31, 2019
RG3c	Outdoor Trim and Seat Design	Jan. 2018 – Dec. 2019	Under development
DL3a	FEM Carrier Design	Mar. 2018 – Apr. 2020	Under development
BR2	Cross W/Guard Design	Feb. 2018 – Nov. 2019	Under development
CD	WGN PHEV Seat Design	Jan. 2018 – Oct. 2019	Under development
CD	5 Door/WGN MHEV Seat Design	Mar. 2018 – Oct. 2019	Under development
PDE	48V　(5 Door, WGN, FB) Seat Design	Apr. 2018 – Oct. 2019	Under development
BI3	Door Trim, Bumper, Exterior Design	Apr. 2018 – Mar. 2020	Under development
IG	PE Door Trim and Seat Design	May. 2018 – Nov. 2019	Under development
MQ4	Door Trim etc. / Screen Design	May. 2018 – Jan. 2020	Under development
AC3	Special Bumper and Fender Design	Jun. 2018 – May. 2020	Under development
JLR	MLA L460 Frame and B Post Design	May. 2018 – Jun. 2020	Under development
JLR	MLA X391 Frame and B Post Design	Jun. 2018 – Jul. 2020	Under development
SQ	EV Console, Under Cover Design	May. 2018 – Dec. 2019	Under development
KU	Door Trim and Seat Design	Aug. 2018 – Mar. 2020	Under development
CN7	Door Trim and Seat Design	Jul. 2018 – Mar. 2020	Under development
HCI	PE Bumper Design	May. 2018 – Apr. 2020	Under development
MQ4a	Seat and Exterior Design	May. 2018 – Jul. 2020	Under development
QY	Door Trim, Bumper and Exterior Design	Jul. 2018 – Aug. 2020	Under development
BC3	Door Trim, Exterior Seat Design	Sep. 2018 – Sep. 2020	Under development
JK	Seat Design	Oct. 2018 – Oct. 2020	Under development
SP2	Seat Design	Nov. 2017 – Jul. 2019	Under development
KA4	Door Trim and Seat Design	Nov. 2018 – Feb. 2020	Under development
CN7C	Console and Seat Design	Sep. 2018 – Aug. 2020	Under development
NP	Turbo Bumper Design	Sep. 2018 – May. 2019	Under development
BDC	EV Bumper Design	Oct. 2018 – Feb. 2020	Under development
BDC	PHEV Bumper Design	Dec. 2018 – Jun. 2019	Under development
DL3C	Door Trim, Bumper and Exterior Design	Jul. 2018 – Jul. 2020	Under development
QLC PE	Console, Bumper and Exterior Design	Nov. 2017 – Feb. 2019	Under development
SU2I	Door Trim, Seat and Exterior Design	Nov. 2017 – Feb. 2019	Under development
BC3	HEV Left Side Seat Design	Oct. 2018 – Sep. 2020	Under development
NX4E	Door Trim, Seat and Exterior Design	Oct. 2018 – Oct. 2020	Under development
SU2B	Door Trim, Seat and Exterior Design	Mar. 2018 – Sep. 2021	Under development
CN7A	Door Trim, Seat and Exterior Design	Jul. 2018 – Sep. 2020	Under development
DN8A	Door Trim and Seat Design	Jun. 2017 – Sep. 2019	Under development
TMA PE	Left Side Exterior Design	Dec. 2018 – Oct. 2020	Under development
TMA PE	Left Side and Exterior Design	Dec. 2018 – Oct. 2020	Under development
HC PE	Bumper Grille and Exterior Design	Aug. 2018 – Oct. 2020	Under development
SC PE	Bumper and Exterior Design	Aug. 2018 – Jul. 2020	Under development
BBAC X247	Head Lining Design	Jun. 2017 – Oct. 2019	Under development
BBAC H247	Head Lining Design	Mar. 2018 – Jul. 2020	Under development
BBAC H247	Head Lining Design	Mar. 2018 – Jul. 2020	Under development
M85	Seat Design	Mar. 2018 – Sep. 2019	Under development
E12	Seat Design	Mar. 2018 – Apr. 2020	Under development
NX4	Screen	Nov. 2018 – Jun. 2020	Under development
-	NX4C D/TRIM Exterior Design	Jan. 2019 – Sep. 2020	Under development
-	DN8C HEV L/SIDE, CONSOLE Exterior Design	Jan. 2019 – Nov. 2020	Under development
-	SP2C EV BUMPER Design	Jan. 2019 – Jun. 2020	Under development
-	NX4A D/TRIM Exterior Design	Jan. 2019 – Jan. 2021	Under development
-	QY 7P BUMPER Exterior Design	Feb. 2019 – Mar. 2021	Under development
-	QY 7P GT LINE BUMPER Exterior Design	Fab. 2019 – Mar. 2021	Under development
-	SU2B LWB Exterior Design	Mar. 2019 – Sep. 2021	Under development
-	NE Door Trim and Seat Design	Jun. 2019 – Feb. 2020	Under development
-	IK SB D/TRIM Design	May. 2019 – Feb. 2021	Under development
-	BC3 CUV Bumper, Exterior Design	Apr. 2019 – Mar. 2021	Under development
-	NX4A OPENBED Door Trim, Exterior Design	Apr. 2019 – May. 2021	Under development
-	RG3 EV Seat Design	Jun. 2019.6 – Mar. 2021	Under development
-	NEC H/LINING, CONSOLE Design	Apr. 2019 – Jun. 2021	Under development
-	CD PE FR U/COVER Design	Apr. 2019 – Nov. 2020	Under development
-	CD CUV PE FR U/COVER Design	Apr. 2019 – Nov. 2020	Under development
-	KU EV LUGG SIDE Design	Jun. 2019 – Oct. 2020	Under development
-	SG2 SCREEN Design	Jun. 2019 – Dec. 2020	Under development
-	BC3 N-LINE Bumper, Trim, Seat Design	Jul. 2019 – Feb. 2021	Under development
-	BC3 N Bumper, Trim, Exterior Design	Jul. 2019 – Feb. 2021	Under development
-	BC3 HEV L/SIDE TRIM, Trim Design	Jul. 2019 – Jul. 2020	Under development
-	GL3 D/TRIM, Trim Design	Sep. 2019 – Mar. 2021	Under development
-	RS4 D/TRIM, Trim Design	Sep. 2019 – Mar. 2021	Under development
-	QXB D/TRIM, Trim Design	Sep. 2019 – Jun. 2020	Under development
-	BDM PE Trim, Exterior Design	Nov. 2019 – Jun. 2021	Under development
-	HI SE D/TRIM Design	May. 2019 – Apr. 2020	Under development
-	NP PE BUMPER Design	Oct. 2019 – Nov. 2021	Under development
	NQ5 D/TRIM Trim Design	Dec. 2019 – Jun. 2021	Under development
	OSe EV Trim Design	May. 2019 – Nov. 2020	Under development
	NQ5E D/TRIM Trim, Exterior Design	Dec. 2019 – Nov. 2021	Under development
	DU2 EV Trim, Exterior Design	Aug. 2019 – Nov. 2020	Under development
	RS4 LIM D/TRIM Trim Design	Jan. 2019 – Feb. 2022	Under development
	RJ PE D/TRIM Trim Design	Nov. 2019 – Mar. 2021	Under development
	JW1 D/TRIM Trim Design	Dec. 2019 – Jul. 2021	Under development

Capital Expenditure

(in millions of won)

	Type of investment	Planned amount of capital investment for 2019	Capital investment in 2019
Manufacture of automotive components	Additional facility	50,920	31,248