THN Corporation Business Report FY ended Dec. 2014
Highlights in Recent Years
Financial Overview (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | Rate of change (%) |
Remarks | |
| Sales | 229,346 | 225,496 | 1.7 | - |
| Operating income |
650,855 | (20,564) | - | - |
| Net income |
(7,692) | (26,701) | - | - |
Subsidiaries
-In February 2015, the Company announced that the company and Qingdao Chenggao Electronics Co., Ltd. (tentative name) of China will establish a joint venture to produce auto parts in China. The new company will be owned 51.0 percent by Qingdao Chenggao and 49.0 percent by THN. (From a press release on February 10, 2015)
-The Company has established a wholly owned subsidiary in the Philippines to produce automotive components. The new company is capitalized at PHP 82 million (approximately KRW 1,990 million). (From a press release on November 7, 2014)
R&D Structure
-In October 1989, the Company set up a technological research center in Daegu City. This facility was later transferred to Cheongju, Chungcheongbuk-Do in May 2001; and to Uiwang City, Gyeonggi-do in 2007.
-The company sent its researchers to Hyundai Motor's Namyang Main R&D Center to participate in designing wire harness.
R&D Expenditure |
(in millions of won) |
| FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | |
| Amount | 4,949 | 4,643 | 3,714 |
| % of Sales | 2.2% | 2.1% | 2.3% |
Recent Developments
| Areas of R&D Activities | Research Bodies | Benefits of the Product | |
| FY ended Dec. 31, 2014 | Aluminum alloy terminals for high-capacity aluminum electrical wiring |
The Company | -Preventing galvanic corrosion -Reducing both cost and product weight by 30 percent -The new technology proposed to Hyundai’s and Kia’s new models |
| FY ended Dec. 31, 2014 | Ethernet gateway systems |
The Company |
-High-speed networking: tenfold increase in signal processing speed (1 Mbps -> 10 Mbps) -Ethernet infrastructure offering extended solutions for infotainment systems -The technology planned to be featured on Hyundai’ and Kia’s new models |
| FY ended Dec. 31, 2013 | Smart junction boxes using intelligent power systems for vehicle interiors |
The Company | -Increasing design capacity -Offering high-performance load control systems -Reducing development cost through preliminary designing |
| FY ended Dec. 31, 2012 | IPDM (Intelligent Power Distribution Module) | The Company KATECH (Korea Automotive Technology Institute) |
-Improve design quality of gateway device -Reduce development cost by preliminary designing -Developing integration of verification to cut down cycle time |
| FY ended Dec. 31, 2012 | Research on system optimization by utilizing big volume IP data | The Company Hyundai Motor, Kia Motors |
-Improving design quality by adopting electronic materials -System integration and optimization |
Technical tie-up
-The Company has established a technical partnership with Furukawa Electric Co., Ltd. of Japan to conduct joint development and introduce Furukawa's technology in the area of the following segments:
- Wire harnesses
- Junction boxes
- Connectors for wire harnesses
Data
Sales Data (Consolidated)
|
(in millions of won) |
| FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | ||
| Wire harness | Export | 168,626 | 162,890 | 100,433 |
| Korea | 60,270 | 62,605 | 62,491 | |
| Total | 229,346 | 225,496 | 162,925 | |
Production Capacity / Result |
（in millions of won） |
| Facility | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 | |||
| Capacity | Result | Capacity | Result | Capacity | Result | |
| Daegu plant (Headquarters) | 201,923 | 192,966 | 216,487 | 208,662 | 160,590 | 159,646 |
Capacity Utilization Rate
| Facility | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | FY ended Dec. 31, 2012 |
| Daegu plant (Headquarters), etc | 95.6% | 96.4% | 94.8% |
*The utilization rate was calculated by dividing the actual number of operating hours by the maximum number of possible operating hours per year.>>>Financial Data