SL Corporation Business Report FY ended Dec. 2016
Financial Overview (Consolidated) |
(in million of won) |
| FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | Rate of change (%) |
Remarks | |
| Sales | 1,619,199 | 1,395,133 | 16.1 | Sales by product (FY ended Dec. 31, 2016) Lamps : 998,995 million won Chassis components : 427,464 million won Dies and others ： 192,739 million won |
| Operating income | 99,335 | 63,278 | 57.0 | - |
| Current net income | 109,994 | 68,859 | 59.7 | - |
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, 2016 | FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | |
| Amount | 31,153 | 27,192 | 24,456 |
| % of sales | 4.9 | 4.6 | 4.4 |
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, 2016 | |
| Developed low-cost LED headlamp module | January 2016 - December 2016 |
| Developed a second-generation, integrated LED daytime running light, PSTN, low-beam model | February 2016 - July 2017 |
| Developed light-guide with distinctive design | February 2016 - September 2016 |
| Developed head-lamp module for new light-sources | February 2016 - November 2016 |
| Developed low-cost, anti-glare LED headlamp module | January 2016 - December 2016 |
| Developed a multi-channel LED headlamp module | May 2016 - October 2017 |
| Developed a distinctive-design, imaging rear-lamp | February 2016 - October 2016 |
| Developed rear-lamp module for new light-sources | November 2015 - April 2017 |
| Developed hologram rear lamp | May 2015 - September 2016 |
| Developed 3D rear lamp | May 2015 - July 2016 |