Seoyon E-Hwa Co., Ltd. (Formerly Hanil E-Hwa Co., Ltd.) Business Report FY ended Dec. 2017
Financial Overview (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | Rate of change (%) | Factors | |
| Sales | 2,007,469 | 2,402,877 | (16.5) | - |
| Operating income | (12,182) | 107,825 | - | - |
| Net income | 30,403 | 93,906 | (67.6) | - |
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)
-Seoyon E-Hwa Georgia, a U.S. unit of the Company, has received a five-star quality rating from the Hyundai Motor Group. No other interior parts supplier to Kia Motors' Georgia plant has ever earned a five-star rating from the group. (From a press release on May 31, 2016)
R&D structure
-The Company announced that it has held a ceremony to celebrate the completion of Seoyon R&D in Anyang City, Gyeonggi-Do. With nine stories above the ground and two stories below the ground, this center has a total floor area of approximately 20,000 square meters. The facility is expected to serve as an integrated R&D center for the Seoyon Group. (From a press release on May 31, 2016)
-Number of R&D staff: 155 (as of December 31, 2017)
-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, 2017 | FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | |
| Amount | 35,821 | 35,217 | 32,477 |
| % of Sales | 3.7 | 3.5 | 3.1 |
Recent Developments
| Car maker | Model (Development code) |
Products | Project period |
Applications in products |
| FY ended Dec. 31, 2016 | ||||
| Hyundai-Kia Motor | HI LIM | Door trim | Jul. 2014 - Jan. 2016 | Completed |
| Hyundai-Kia Motor |
DE |
Door trim | Jul. 2014 - Mar. 2016 | Completed |
| Hyundai-Kia Motor | YDc PE | Bumper | Sep. 2014 - Mar. 2016 | Completed |
| Hyundai-Kia Motor | QLc | Door trim | Aug. 2014 - Apr. 2016 | Completed |
| Hyundai-Kia Motor | YDm | Door trim | Aug. 2014 - Apr. 2016 | Completed |
| Hyundai-Kia Motor | PD 5 doors | Door trim | Jan. 2015 - Aug. 2016 | Completed |
| Hyundai-Kia Motor | IA PE | Bumper | May. 2015 - Oct. 2016 | Completed |
| Hyundai-Kia Motor | JA | Door trim | Apr. 2015 - Nov. 2016 | Completed |
| Hyundai-Kia Motor | PDe | Door trim | Jan. 2015 - Dec. 2016 | Completed |
| Hyundai-Kia Motor | IG | Door trim | May. 2015 - Dec. 2016 | Completed |
| Hyundai-Kia Motor | ID | Door trim | Jun. 2015 - Dec. 2016 | Completed |
| Hyundai-Kia Motor | SC | Door trim | Apr. 2015 - Jan. 2017 | Under development |
| Hyundai-Kia Motor | QM | Door trim | May. 2015 - Mar. 2017 | Under development |
| Hyundai-Kia Motor | HC | Door trim | Jun. 2015 - May. 2017 | Under development |
| Hyundai-Kia Motor | OS | Door trim | Oct. 2015 - Jul. 2017 | Under development |
| Hyundai-Kia Motor | AB | Bumper | Jul. 2015 - Aug. 2017 | Under development |
| Hyundai-Kia Motor | IK | Door trim | Nov. 2015 - Aug. 2017 | Under development |
| Hyundai-Kia Motor | CB | Door trim | Dec. 2015 - Aug. 2017 | Under development |
| Hyundai-Kia Motor | UC 5 doors | Bumper | Mar. 2015 - Oct. 2017 | Under development |
| Hyundai-Kia Motor | QE | Bumper | Aug. 2016 - Jul. 2018 | Under development |
| Hyundai-Kia Motor | QX | Door trim | Nov. 2016 - Oct. 2018 | Under development |
| Hyundai-Kia Motor | TM | Door trim | Feb. 2016 - Feb. 2018 | Under development |
| Hyundai-Kia Motor | SK | Covering shelve | Jan. 2016 - Mar. 2018 | Under development |
| Hyundai-Kia Motor | RJ | Door trim | Apr. 2015 - Nov. 2016 | Under development |
| Hyundai-Kia Motor | NU | Head lining | Jun. 2016 - Dec. 2017 | Under development |
| Hyundai-Kia Motor | QXc | Door trim | Oct. 2016 - May. 2018 | Under development |
| Hyundai-Kia Motor | SQ | Door trim | Nov. 2016 - Dec. 2018 | Under development |
| Hyundai-Kia Motor | ND | Bumper | Feb. 2016 - May. 2018 | Under development |
| Hyundai-Kia Motor | NP | Bumper | Dec. 2016 - Nov. 2017 | Under development |
| N.A. | C30 | Seat | Sep. 2016 - Aug. 2017 | Under development |
| N.A. | C40 | Seat | Dec. 2016 - Nov. 2017 | Under development |
| Hyundai-Kia Motor | SC | Door trim | Mar. 2015 - May. 2017 | Under development |
| N.A. | AH2 | Door trim | Oct. 2016 - Nov. 2018 | Under development |
| Hyundai-Kia Motor | CD | Door trim | Mar. 2016 - Sep. 2018 | Under development |
| Hyundai-Kia Motor | BDM | Door trim | Mar. 2016 - Apr. 2018 | Under development |
| Hyundai-Kia Motor | GSB | Door trim | May. 2015 - Feb. 2017 | Under development |
Recent Developments
| Model (Development code) |
Product | Project period | Applications in products |
| FY ended Dec. 31, 2017 | |||
| SC | Door trim | Mar. 2015 - Jul. 2017 | Completed |
| QM | Door trim | May. 2015 - Mar. 2017 | Completed |
| GSB | Bumper | May. 2015 - Feb. 2017 | Completed |
| HC | Door trim | Jun. 2015 - May. 2017 | Completed |
| OS | Door trim | Oct. 2015 - Jul. 2017 | Completed |
| AB | Bumper | Jul. 2015 - Aug. 2017 | Completed |
| IK | Door trim | Nov. 2015 - Aug. 2017 | Completed |
| CB | Door trim | Dec. 2015 - Aug. 2017 | Completed |
| C30 | Seat | Sep. 2016 - Aug. 2017 | Completed |
| C50 | Seat | Mar. 2017 - Sep. 2017 | Completed |
Capital Expenditure
|
(in millions of won) |
| Type of investment | Planned amount of capital investment for 2017 | Capital investment in 2017 | |
| Manufacture of automotive components | Additional facility | 4,287 | 6,271 |