SL Corporation Business Report FY ended Dec. 2017
Financial Overview (Consolidated) |
(in million of won) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | Rate of change (%) |
Remarks | |
| Sales | 1,485,475 | 1,619,199 | (8.2) | Sales by product (FY ended Dec. 31, 2017) Lamps : 766,554 million won Chassis components : 414,446 million won Dies and others ： 304,473 million won |
| Operating income | 54,758 | 99,335 | (44.9) | - |
| Current net income | 96,228 | 109,994 | (12.5) | - |
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.
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)
R&D Expenditure (Non-consolidated) |
(in million of won) |
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | FY ended Dec. 31, 2015 | |
| Amount | 89,906 | 31,153 | 27,192 |
| % of sales | 12.5 | 4.9 | 4.6 |
Product Developments
| FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 |
| Ultra-thin LED modules | Developed low-cost LED headlamp module |
| Second-generation modules integrated with LED daytime-running lights, PSTNs, and low-beams | Developed a second-generation, integrated LED daytime running light, PSTN, low-beam model |
|
Headlamp modules designed for new light sources
|
Developed light-guide with distinctive design |
| Multi-channel LED headlamp modules | Developed head-lamp module for new light-sources |
| Lighting-type, multi-channel LED headlamp modules | Developed low-cost, anti-glare LED headlamp module |
| Daytime running light optical systems with unique design | Developed a multi-channel LED headlamp module |
| Lamps with drive mechanisms | Developed a distinctive-design, imaging rear-lamp |
| Rear-lamp modules designed for new light sources | Developed rear-lamp module for new light-sources |
| New optical concept rear-lamps with enhanced product appeal | Developed 3D rear lamp |