SL Corporation Business Report FY ended Dec. 2015
Financial Overview (Consolidated) |
(in million of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | Rate of change (%) |
Remarks | |
| Sales | 1,395,133 | 1,359,380 | 2.6% | Sales by product (FY ended Dec. 31, 2015) Lamps : 887,537 million won (63.6%) Chassis components : 335,955 million won (24.1%) |
| Operating income | 63,278 | 59,710 | 6% | - |
| Current net income | 68,859 | 94,831 | -27.4% | - |
Contracts
-The Company announced that it is supplying wireless charging systems for Kia Motors' K5 mid-size sedan and Sportage compact SUV. The supply agreement was signed in April 2014, and covers the period from July 2015 through June 2021. The program is expected to generate KRW 24,734 million in sales. (From a press release on September 25, 2015)
R&D Structure
-The Company established R&D center in Feb. 1986, which now has approximately 400 researchers.
-The Company owns two design engineering centers, one in Detroit, Michigan, U.S.A. and the other in Shanghai, China.
-The Company introduced technology from Hella (Germany), Stanley Electric Co., Ltd. (Japan), Delphi Corporation (USA) and other partners through technical tie-ups.
R&D Expenditure (Non-consolidated) |
(in million of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Amount | 27,192 | 24,456 | 23,393 |
| % of sales | 4.6% | 4.4% | 4.1% |
R&D Activities
-In July 2014, the Company obtained an U.S. patent on a drive module of automotive LED lamps. The module is highly versatile and compatible with various specifications of LED light sources and also stabilizes running of LED lights. This technology is being used on many vehicle models. SL Corporation intends to expand the use of this technology to other models. (From a press release on July 23, 2014)
Product Developments
| Topic | Period |
| FY ended Dec. 31, 2015 | |
| Low cost LED headlamps | January 2015 - January 2016 |
| LED daytime running lights / PSTN / Low beam integrated models | June 2014 - December 2015 |
| Anti-glare LED headlamp modules | January 2015 - November 2015 |
| Rear lamps with an original design | January 2015 - January 2016 |
| New concept headlamps | January 2015 - October 2015 |
| New, high-efficiency optical mechanism | June 2015 - December 2015 |
| Heat-dissipation technology using a fan | January 2015 - December 2015 |
| Hologram rear lamps | May 2015 - April 2016 |
| 3D rear lamps | May 2015 - April 2016 |
| Rear camera display mirrors | January 2014 - October 2015 |