Hwashin Co., Ltd. Business Report FY ended Dec. 2018
Financial Overview (Consolidated) |
(in millions of won) |
FY ended Dec. 31, 2018 | FY ended Dec. 31, 2017 | Rate of change (%) |
|
Sales | 1,075,815 | 1,066,933 | 0.83 |
Operating income | (21,087) | (22,843) | - |
Net income | (57,119) | (30,941) | - |
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, 2018 | FY ended Dec. 31, 2017 | FY ended Dec. 31, 2016 | |
Amount | 33,433 | 33,942 | 35,111 |
% of Sales | 3.1 | 3.2 | 2.8 |
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.) | Santa Fe (Development code: TMA) |
Front semi modules Rear cross members Rear lower arms Upper arms |
Mass production scheduled to start in May 2018 | Kia | RJ (The successor model to the K9) |
Rear trailing arms |
Mass production scheduled to start in Feb 2018 | Hyundai | OSC (The successor model to the Kona) |
FR CROSS MBR & L/ARM, RR CTBA |
Mass production scheduled to start in Feb 2018 | Hyundai | TM (The successor model to the Santa-fe) |
FRT C/MBR & L/ARM, RR C/MBR, RR LWR ARM, RR TRAIL'G ARM, RR ASSIST ARM, RR UPR ARM |
Mass production scheduled to start in Jan 2018 | Hyundai | Nexo (FE Hydrogen electric vehicle) |
C/MBR ASSY FC P/T CTR, C/MBR ASSY FC P/T LH, C/MBR ASSY FC P/T RH BRKT-C/MBR HUMIDIFIER ASSY |
Mass production scheduled to start in Dec 2017 | Hyundai | NU (Mini SUV) |
FR S/MODULE, RR C/MBR, RR L/ARM, T/ARM, A/ARM, U/ARM |
Mass production scheduled to start in Oct 2017 | Volkswagen (Brazil) |
VW271 (Mini Sedan Voyage) |
Rear-panel top parts and 32 other parts |
Mass production scheduled to start in Sep 2017 | Kia | BD (The successor model to the K3) |
Rear cross members Rear lower arms Upper arms |
Mass production scheduled to start in Sep 2017 | Kia | BD (The successor model to the K3 Sport) |
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, Trailing arms Assist 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 | Tesla | Small SUV (Development code: OS) |
Front Motor Mountain BRKT ASSY |
Mass production scheduled to start in Jun. 2017 | Hyundai | OS (The successor model to the Kona) |
Front cross members & lower arms Rear coupled torsion beam axles (CTBA) Rear cross members Rear lower arms Rear upper arms |
Dec. 2016 | Hyundai (China) | IDC (The successor model to the HDC) |
Front semi modules Rear coupled torsion beam axles (CTBA) |
Dec. 2016 | Hyundai | IG (The successor model to the Grandeur) |
Front semi modules |
Nov. 2016 | Kia | YB (The successor model to the UB) |
Front semi modules Rear coupled torsion beam axles (CTBAs) |
Oct. 2016 | Hyundai (China) | YC (The successor model to the RC) |
Front semi modules Rear coupled torsion beam axles (CTBAs) |
Sep. 2016 | Volkswagen (Brazil) |
AU371 | Cowl bar assemblies |
Sep. 2016 | Volkswagen (Brazil) |
VW370LA | Cowl bar assemblies |
Jul. 2016 | Tesla | Model X RHD | Brake pedal assemblies |
Jun. 2016 | Hyundai | AE-EV (AD-EV) |
Frame assembly PE modules |
Jun. 2016 | Beijing Automobile Works | C32B | Front cross members Front lower arms Rear coupled torsion beam axles (CTBAs) |
May. 2016 | Beijing Automobile Works | C50E | Rear cross members |
Apr. 2016 | Hyundai | AD Sport type | Rear cross members Rear lower arms Upper arms Trailing arms Assist arms |
Mar. 2016 | Tesla | Model S RHD F/L | Brake pedal assemblies |
Feb. 2016 | Beijing Automobile Works | C50E (Compact passenger model) |
Rear cross members |
Jan. 2016 | Volkswagen (Brazil) |
VW237 (Saveiro) |
Lock reinforcements |
Jan. 2016 | Kia | YG (The successor model to the K7) |
Front semi modules |
Dec. 2015 | Hyundai (U.S.) | ADA (The successor model to the Avante UD) |
Front semi modules Rear coupled torsion beam axles (CTBAs) |
Dec. 2015 | Hyundai | HI (The successor model to the VI) |
Rear trailing arms |
Oct. 2015 | Nissan | I2 | Cowl bar assemblies |
Sep. 2015 | Hyundai | AD (The successor model to the Avante MD) |
Rear coupled torsion beam axles (CTBAs) |
Sep. 2015 | Hyundai (China) | TLC (The successor model to the LM) |
Front cross member semi modules Rear cross members Rear lower arms Upper arms Trailing arms Assist arms |
Sep. 2015 | Beijing Automobile Works | C51E | Rear cross members |
Sep. 2015 | Kia (U.S.) | JFA (The successor model to the K5) |
Front semi modules Rear cross members Rear lower arms Upper arms Trailing arms Assist arms |
Jul. 2015 | Hyundai (India) | GS compact SUV (GC) |
Center floors Cowls Front cross members Rear coupled torsion beam axles (CTBAs) Fuel tanks Bumpers Cowl cross bars Heat protectors |
Jul. 2015 | Tesla | Model X | Brake pedal assemblies Brake pads PIN assemblies |
Jun. 2015 | Volkswagen | VW370 (7th generation Golf) |
Brackets |
Jun. 2015 | Kia | JF (The successor model to the K5) |
Front semi modules |
May 2015 | Tesla | Model S | Brake pedal assemblies Brake pads PIN assemblies Clip |
Feb. 2015 | Hyundai (China) | LFC (The successor model to the YF Sonata) |
Front cross member semi modules Rear cross bar Rear lower arms Trailing arms Upper arms Assist arms |
Dec. 2014 | Faurecia | B515 LHD (Ford EcoSport, SUV) |
Center cross bar |
Nov. 2014 | Kia (U.S.A) | UMA (The successor model to the XM Sorento R) |
Front cross members semi modules |
Oct. 2014 | Nissan | H79 F/L (Nissan SUV) |
Complete fuel line protectors |
Sep. 2014 | Hyundai (China) | GC (CUV) |
Front cross members Rear coupled torsion beam axles (CTBAs) Fuel tanks |
Aug. 2014 | Kia | UM (The successor model to the XM Sorento R) |
Rear cross members Rear lower arms |
Aug. 2014 | Hyundai | IB (The successor model to the PB) |
Center floors Cowls Front cross members Rear coupled torsion beam axles (CTBAs) Bumpers Cowl cross bars |
May. 2014 | Hyundai (U.S.A) | LFA (The successor model to the YF Sonata) |
Side outer reinforcements Rear P/Tray Front cross members Rear cross members |
Apr. 2014 | Kia | PS EV (The successor model to the Soul EV) |
Frame assembly PE modules |
Mar. 2014 | Hyundai | LF (The successor model to the YF Sonata) |
Front cross members Lower arms |
Jan. 2014 | Nissan | K2 | Fuel tanks |
Nov. 2013 | Hyundai | DH (The successor model to the Genesis) |
Rear lower arms Rear assist arms |
Sep. 2013 | Nissan | X11M | Fuel tanks |
Sep. 2013 | Hyundai | BA (The successor model to the PA) |
Center floors Cowls Front cross members Rear coupled torsion beam axles (CTBAs) Fuel tanks Bumpers Cowl cross bars |
May. 2013 | Hyundai | TQ 4WD (Starex 4WD) |
Front cross members Lower arms |
May. 2013 | Mitsubishi | 4F00 | Lateral rod |
May. 2013 | Hyundai | HR 4WD (Porter 4WD) |
Front upper arms |
Apr. 2013 | Hyundai | LM F/L (Tucson lx F/L) |
Front cross members Lower arms |
Mar. 2013 | Kia | PS (The successor model to the Soul F/L) |
Coupled torsion beam axles (CTBAs, 2WD) Rear cross members |
Technical alliance
Partner | Country | Area of alliance |
F. Tech, Inc. | Japan | Die technology for auto parts production |