DY Corporation (Formerly Dongyang Mechatronics Corp.) 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 | 603,455 | 611,963 | (1.4) | Sales of auto parts division accounted KRW 373,975 million in FY ended Dec. 31, 2014, 62.0% of total sales. |
| Operating profit | 18,470 | 23,022 | (19.8) | - |
| Net profit | 52,006 | 31,900 | 63.0 | - |
Company Split
-The Company adopted a holding-company structure through company split and changed its corporate name to DY Corporation, effective December 1, 2014. DY Corporation will handle investment and industrial machinery business, and will oversee two new companies. The two companies are DY Auto Corporation (Asan, Chungcheongnam-do), which will manufacture and sell automotive components, and DY Power Corporation, which will manufacture and sell hydraulic machineries. (From a press release on December 5, 2014)
Contracts
-In August 2013, the Company announced that it is supplying wiper systems for Ssangyong Motors' Korando Turismo large minivan.
-In August 2013, the Company announced that it is supplying fan motors for the Mazda Axela.
-In August 2013, the Company announced that it is supplying window motors for the JAC Motors B2.
R&D Structure
-The Company has an R&D facility in Incheon.
R&D Expenditure (Consolidated) |
(in millions of won) |
| DY Auto Corporation | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 |
| Amount | 10,118 | 9,734 |
| % of sales | 1.40% | 1.19% |
New Product Development (Recent Years)
| Items | Cusomer / Model | |
| Oct. 2013 | Window motor | Foton / MPX |
| Oct. 2013 | Fan motor | Hyundai India / i10 |
| Aug. 2013 | Fan motor | Hyundai / Grand i10 |
| May 2013 | Window motor | JAC / B2 |
| Apr. 2013 | Fan motor | Mazda / Axela |
| Jan. 2013 | Wiper system | Ssangyong / Korando Turismo |
| Dec. 2012 | Fan motor | Hyundai Brazil / LMFC |
| Dec. 2012 | Wiper system | Geely / CK-1 |
| Nov. 2012 | Window motor | Geely / EC7 |
| Oct. 2012 | Fan motor | Hyundai Europe / Santa Fe |
| Oct. 2012 | Wiper system | Hyundai China / YDC |
| Sep. 2012 | Fan motor | Kia China / K3 |
| Aug. 2012 | Window motor | Kia / K3 |
| Aug. 2012 | Fan motor | Hyundai China / Avante |
| Jul. 2012 | Window motor | GM North America / Trex |
| Apr. 2012 | Window motor | Chang'an / BR07 |
| Apr. 2012 | Window motor | Hyundai Brazil / HB |
| Apr. 2012 | Window motor | Hyundai North America / Santa Fe |
| Apr. 2012 | Window motor | Hyundai / Santa Fe |
| Feb. 2012 | Window motor | Hyundai Czech / i-30 |
| Aug. 2011 | Fan motor | Hyundai / Genesis |
| Jun. 2011 | Fan motor | Kia / Pride |
| May 2011 | Fan motor | Maruti Suzuki |
| Apr. 2011 | Window motor | GM Brazil |
| Apr. 2011 | Window motor | GM Korea / Orlando |
| Apr. 2011 | Fan motor | Hyundai / Sonata Hybrid |
| Feb. 2011 | Window motor | Hyundai / Veloster |
| Feb. 2011 | Fan motor | Hyundai / Veloster |
| Dec. 2010 | Window motor | Kia / Morning |
| Dec. 2010 | Fan motor | Hyundai / Starex |
| Dec. 2010 | Fan motor | Hyundai / Grandeur |
| Sep. 2010 | Wiper system | GM / Chevrolet Orlando |
| Sep. 2010 | Wiper system | Opel / Astra Station Wagon |
| Jul. 2010 | Wiper system | Beijing Hyundai / Verna |
| Jul. 2010 | Wiper system | Ssangyong / C200 (Korando C) |
| Jul. 2010 | Window motor | Ssangyong / C200 (Korando C) |
| Jun. 2010 | Anti-pinch window motor | Shanghai GM / Chevrolet Epica |
| Jun. 2010 | Fan motor | Kia / K5 |
| Apr. 2010 | Fan motor | Kia / K7 |
| Feb. 2010 | Fan motor | Maruti Suzuki / Alto |
| Feb. 2010 | Fan motor | Hyundai (Turkey) / Santa Fe |
| Jan. 2010 | Fan motor | Maruti Suzuki / Wagon R |
| Jan. 2010 | Wiper system | Renault Samsung / SM5 |
Capital Expenditure
-In 2015, the Company plans to invest 26,171 million won in installing additional equipment at the automotive division.
Investment in Korea
-The Company will establish a new manufacturing facility for DC motors in Asan, Chungcheongnam-do, Korea. It plans to invest 34 billion won in the new facility by 2014, aiming to generate sales of more than 300 billion won per year.
Data
Sales (Non-consolidated) |
(in millions of won) |
| Division | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Automotive parts |
Export | 248,349 | 261,744 |
| Korea | 125,626 | 128,942 | |
| Total | 373,975 | 390,686 | |
Production Capacity / Result (Consolidated) |
(in millions of won) |
| Division | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | ||
| Capacity | Result | Capacity | Result | |
| Automotive parts |
316,466 | 284,011 | 317,773 | 313,759 |
Capacity Utilization Rate
| Division | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 |
| Automotive parts | 96.5% | 102.2% |
*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