Hwashin 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 1,164,322 1,075,815 8.2
Operating income  1,942 (21,087) -
Net income 6,622 (57,119) -

 

R&D structure

-The Company established an R&D center in August 1987.
-The center's operations include product designing, computing analysis, advanced development, testing, prototyping, production engineering, and die process development.
 

R&D Expenditure (Consolidated)

(in millions of won)
FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Amount 41,374 33,433 33,942
% of Sales 3.6 3.1 3.2

 

Models in which the Company's products are used

Customer Model
(Development code)
Products
May 2018 Hyundai (U.S.) Santa Fe
(Development code: TMA)
Front semi modules
Rear cross members
Rear lower arms
Upper arms
May 2018 Kia RJ
(The successor model to the K9)
Rear trailing arms
Feb 2018 Hyundai OSC
(The successor model to the Kona)
FR CROSS MBR & L/ARM, RR CTBA
Feb 2018 Hyundai TM
(The successor model to the Santa-fe)
FRT C/MBR & L/ARM, RR C/MBR, RR LWR ARM, RR TRAIL'G ARM, RR ASSIST ARM, RR UPR ARM
Jan 2018 Hyundai Nexo
(FE Hydrogen electric vehicle)
C/MBR ASSY FC P/T CTR, C/MBR ASSY FC P/T LH, C/MBR ASSY FC P/T RH
BRKT-C/MBR HUMIDIFIER ASSY
Dec 2017 Hyundai NU
(Mini SUV)
FR S/MODULE, RR C/MBR, RR L/ARM, T/ARM, A/ARM, U/ARM
Oct 2017 Volkswagen
(Brazil)
VW271
(Mini Sedan Voyage)
Rear-panel top parts and 32 other parts
Sep 2017 Kia BD
(The successor model to the K3)
Rear cross members
Rear lower arms
Upper arms
Sep 2017 Kia BD
(The successor model to the K3 Sport)
Rear coupled torsion beam axles (CTBA)
Sep. 2017 Hyundai i30
(Development code: PD)

Rear cross members
Rear lower arms
Upper arms
Aug. 2017 Hyundai (India) The successor model to RB520
(Development code: HCI)
Center floors
Cowls
Front cross members
Rear coupled torsion beam axles (CTBA)
Fuel tanks
Bumpers
Pedals
Heat protectors
Aug. 2017 Hyundai Sports sedan
(Development code: IK)
Front cross members
Rear cross members
Rear lower arms, Trailing arms
Assist arms, Upper arms
Jul. 2017 Renault (India) Small SUV
(Development code: HHA)
Cowl bars
Center flanges
HVAC
Tunnel mounting brackets
Jun. 2017 Tesla Small SUV
(Development code: OS)
Front Motor Mountain BRKT ASSY
Jun. 2017 Hyundai OS
(The successor model to the Kona)
Front cross members & lower arms
Rear coupled torsion beam axles (CTBA)
Rear cross members
Rear lower arms
Rear upper arms
Dec. 2016 Hyundai (China) IDC
(The successor model to the HDC)
Front semi modules
Rear coupled torsion beam axles (CTBA)
Dec. 2016 Hyundai IG
(The successor model to the Grandeur)
Front semi modules
Nov. 2016 Kia YB
(The successor model to the UB)
Front semi modules
Rear coupled torsion beam axles (CTBAs)
Oct. 2016 Hyundai (China) YC
(The successor model to the RC)
Front semi modules
Rear coupled torsion beam axles (CTBAs)
Sep. 2016 Volkswagen
(Brazil)
AU371 Cowl bar assemblies
Sep. 2016 Volkswagen
(Brazil)
VW370LA Cowl bar assemblies
Jul. 2016 Tesla Model X RHD Brake pedal assemblies
Jun. 2016 Hyundai AE-EV
(AD-EV)
Frame assembly PE modules
Jun. 2016 Beijing Automobile Works C32B Front cross members
Front lower arms
Rear coupled torsion beam axles (CTBAs)
May. 2016 Beijing Automobile Works C50E Rear cross members
Apr. 2016 Hyundai AD Sport type Rear cross members
Rear lower arms
Upper arms
Trailing arms
Assist arms
Mar. 2016 Tesla Model S RHD F/L Brake pedal assemblies
Feb. 2016 Beijing Automobile Works C50E
(Compact passenger model)
Rear cross members
Jan. 2016 Volkswagen
(Brazil)
VW237
(Saveiro)
Lock reinforcements
Jan. 2016 Kia YG
(The successor model to the K7)
Front semi modules
Dec. 2015 Hyundai (U.S.) ADA
(The successor model to the Avante UD)
Front semi modules
Rear coupled torsion beam axles (CTBAs)
Dec. 2015 Hyundai HI
(The successor model to the VI)
Rear trailing arms
Oct. 2015 Nissan I2 Cowl bar assemblies
Sep. 2015 Hyundai AD
(The successor model to the Avante MD)
Rear coupled torsion beam axles (CTBAs)
Sep. 2015 Hyundai (China) TLC
(The successor model to the LM)
Front cross member semi modules
Rear cross members
Rear lower arms
Upper arms
Trailing arms
Assist arms
Sep. 2015 Beijing Automobile Works C51E Rear cross members
Sep. 2015 Kia (U.S.) JFA
(The successor model to the K5)
Front semi modules
Rear cross members
Rear lower arms
Upper arms
Trailing arms
Assist arms
Jul. 2015 Hyundai (India) GS compact SUV
(GC)
Center floors
Cowls
Front cross members
Rear coupled torsion beam axles (CTBAs)
Fuel tanks
Bumpers
Cowl cross bars
Heat protectors
Jul. 2015 Tesla Model X Brake pedal assemblies
Brake pads
PIN assemblies
Jun. 2015 Volkswagen VW370
(7th generation Golf)
Brackets
Jun. 2015 Kia JF
(The successor model to the K5)
Front semi modules
May 2015 Tesla Model S Brake pedal assemblies
Brake pads
PIN assemblies
Clip
Feb. 2015 Hyundai (China) LFC
(The successor model to the YF Sonata)
Front cross member semi modules
Rear cross bar
Rear lower arms
Trailing arms
Upper arms
Assist arms
Dec. 2014 Faurecia B515 LHD
(Ford EcoSport, SUV)
Center cross bar
Nov. 2014 Kia (U.S.A) UMA
(The successor model to the XM Sorento R)
Front cross members semi modules
Oct. 2014 Nissan H79 F/L
(Nissan SUV)
Complete fuel line protectors
Sep. 2014 Hyundai (China) GC
(CUV)
Front cross members
Rear coupled torsion beam axles (CTBAs)
Fuel tanks
Aug. 2014 Kia UM
(The successor model to the XM Sorento R)
Rear cross members
Rear lower arms
Aug. 2014 Hyundai IB
(The successor model to the PB)
Center floors
Cowls
Front cross members
Rear coupled torsion beam axles (CTBAs)
Bumpers
Cowl cross bars
May. 2014 Hyundai (U.S.A) LFA
(The successor model to the YF Sonata)
Side outer reinforcements
Rear P/Tray
Front cross members
Rear cross members
Apr. 2014 Kia PS EV
(The successor model to the Soul EV)
Frame assembly PE modules
Mar. 2014 Hyundai LF
(The successor model to the YF Sonata)
Front cross members
Lower arms
Jan. 2014 Nissan K2 Fuel tanks
Nov. 2013 Hyundai DH
(The successor model to the Genesis)
Rear lower arms
Rear assist arms
Sep. 2013 Nissan X11M Fuel tanks
Sep. 2013 Hyundai BA
(The successor model to the PA)
Center floors
Cowls
Front cross members
Rear coupled torsion beam axles (CTBAs)
Fuel tanks
Bumpers
Cowl cross bars
May. 2013 Hyundai TQ 4WD
(Starex 4WD)
Front cross members
Lower arms
May. 2013 Mitsubishi 4F00 Lateral rod
May. 2013 Hyundai HR 4WD
(Porter 4WD)
Front upper arms
Apr. 2013 Hyundai LM F/L
(Tucson lx F/L)
Front cross members
Lower arms
Mar. 2013 Kia PS
(The successor model to the Soul F/L)
Coupled torsion beam axles (CTBAs, 2WD)
Rear cross members



Technical alliance

Partner Country Area of alliance
F. Tech, Inc. Japan Die technology for auto parts production