Hwashin Co., Ltd. Business Report FY ended Dec. 2015
Financial Overview (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | Rate of change (%) |
Remarks | |
| Sales | 1,251,698 | 1,313,606 | (4.7) | - |
| Operating income | 19,196 | 41,151 | (53.4) | - |
| Net income | (24,566) | 43,899 | - | - |
R&D structure
-The Company established an R&D center in August 1987.
-The center's operations include product designing, computing analysis, advanced development, testing, prototyping, production engineering, and die process development.
R&D Expenditure (Consolidated) |
(in millions of won) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Amount | 30,216 | 24,844 | 23,131 |
| % of Sales | 2.4 | 1.9 | 1.6 |
Models in Which the Company's Products are Used
| Customer | Model (Development code) |
Products | |
| Mass production scheduled to start in May 2018 | Hyundai (U.S.A) | Santa Fe （Development code: TMA） |
Front semi modules Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Sep. 2017 | Kia | The successor model to K3 (Development code: BD) |
Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Sep. 2017 | Kia | The successor model to K3 Sport (Development code: BD) |
Rear coupled torsion beam axles (CTBA) |
| Mass production scheduled to start in Sep. 2017 | Hyundai | i30 （Development code: PD） |
Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Aug. 2017 | Hyundai (India) | The successor model to RB520 (Development code: HCI) |
Center floors Cowls Front cross members Rear coupled torsion beam axles (CTBA) Fuel tanks Bumpers Pedals Heat protectors |
| Mass production scheduled to start in Aug. 2017 | Hyundai | Sports sedan (Development code: IK) |
Front cross members Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Jul. 2017 | Renault (India) | Small SUV (Development code: HHA) |
Cowl bars Center flanges HVAC Tunnel mounting brackets |
| Mass production scheduled to start in Jun. 2017 | Hyundai | Small SUV (Development code: OS) |
Front cross members & lower arms Rear coupled torsion beam axles (CTBA) Rear cross members Rear lower arms Rear upper arms |
| Mass production scheduled to start in Apr. 2017 | Hyundai | The successor model to Veloster (Development code: JS) |
Rear cross members Rear lower arms Rear upper arms |
| Mass production scheduled to start in Mar. 2017 | Kia | Sports sedan (Development code: CK) |
Front cross members Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Mar. 2017 | Hyundai (North America) | i30 （Development code: PD） |
Rear coupled torsion beam axles (CTBA) |
| Mass production scheduled to start in Dec. 2016 | Hyundai | The successor model to the Grandeur (IG) |
Front cross member semi modules |
| Mass production scheduled to start in Jun. 2016 | Beijing Automobile Works | C32B | Front cross members Front lower arms Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Jun. 2016 | Hyundai (China) | The successor model to the Accent (YC) |
Front cross member semi modules Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Apr. 2016 | Hyundai | The successor model to the Avante (Sport type) (AD) |
Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Mar. 2016 | Hyundai (China) | The successor model to the Avante (ADC) |
Luggage bars |
| Mass production scheduled to start in Jan. 2016 | Kia | The successor model to the K7 (YG) |
Front cross member semi modules |
| Mass production scheduled to start in Dec. 2015 | Hyundai (U.S.A) | The successor model to the Avante (ADA) |
Front cross member semi modules Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Oct. 2015 | Nissan | I2 (Project name) | Cowl bar assemblies |
| Mass production scheduled to start in Oct. 2015 | Hyundai | The successor model to the Avante (AD) |
Coupled torsion beam axles (CTBAs) |
| Mass production scheduled to start in Sep. 2015 | Hyundai (China) | The successor model to the Tucson (TLC) |
Front cross member semi modules Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Sep. 2015 | Beijing Automobile Works | C51E | Rear cross members |
| Mass production scheduled to start in Sep. 2015 | Kia (U.S.A) | The successor model to the K5 (JFA) |
Front cross member semi modules Rear cross members Rear lower arms Upper arms |
| Mass production scheduled to start in Jul. 2015 | Hyundai (India) | Compact SUV (GS) |
Center floors Cowls Front cross members Coupled torsion beam axles (CTBAs) Fuel tanks Bumpers Cowl cross bars Heat protectors |
| Mass production scheduled to start in Jun. 2015 | Volkswagen | Golf | Brackets |
| Mass production scheduled to start in Jun. 2015 | Tesla | Model X | Brake pedal assemblies Brake pads PIN assemblies |
| Mass production scheduled to start in Jun. 2015 | Kia | The successor model to the K5 (JF) |
Front cross member semi modules |
| Mass production scheduled to start in May 2015 | Tesla | Model S | Brake pedal assemblies Brake pads PIN assemblies |
| Mass production scheduled to start in Feb. 2015 | Hyundai (China) | The successor model to the YF Sonata (LFC) |
Front cross members Coupled torsion beam axles (CTBAs) Fuel tanks |
Technical alliance
| Partner | Country | Area of alliance |
| F. Tech, Inc. | Japan | Die technology for auto parts production |