1. Home
  2. Supplier Database
  3. Major Suppliers
  4. Seoyon E-Hwa Co., Ltd. (Formerly Hanil E-Hwa Co., Ltd.)
  5. Seoyon E-Hwa Co., Ltd. (Formerly Hanil E-Hwa Co., Ltd.) Business Report FY ended Dec. 2019

Seoyon E-Hwa Co., Ltd. (Formerly Hanil E-Hwa Co., Ltd.) Business Report FY ended Dec. 2019

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 Rate of change (%)
Sales 1,976,766 1,906,853 3.7
Operating income 21,876 12,026 81.9
Net income (48,334) (8,091) -

 

Awards and Certifications

-The Company announced that Assan Hanil Otomotiv Sanayi ve Ticaret A.S. of the Republic of Turkey won a 2017 Excellent Supplier Silver Prize from Ford Otosan. At the ceremony, the gold, silver, and bronze prizes are given to three companies, and a special encouragement award was given to one company. Altogether, 10 companies received the awards. (From a press release on March 27, 2018)
 

R&D structure

-Central Research Center is located in Asan
-Development Center is located in Ulsan
-Technical Research Center was established in Beijing, China in July 2007
 

R&D Expenditure

(in millions of won)
FY ended Dec. 31, 2019 FY ended Dec. 31, 2018 FY ended Dec. 31, 2017
Amount 39,459 34,112 35,821
% of Sales 4.1 3.6 3.7

 

Recent Developments

Model (Development code) Product Project period Applications in products
FY ended Dec. 31, 2019
RG3c Outdoor Trim and Seat Design Jan. 2018 – Dec. 2019 Under development
DL3a FEM Carrier Design Mar. 2018 – Apr. 2020 Under development
BR2 Cross W/Guard Design Feb. 2018 – Nov. 2019 Under development
CD WGN PHEV Seat Design Jan. 2018 – Oct. 2019 Under development
CD 5 Door/WGN MHEV Seat Design Mar. 2018 – Oct. 2019 Under development
PDE 48V　(5 Door, WGN, FB) Seat Design Apr. 2018 – Oct. 2019 Under development
BI3 Door Trim, Bumper, Exterior Design Apr. 2018 – Mar. 2020 Under development
IG PE Door Trim and Seat Design May. 2018 – Nov. 2019 Under development
MQ4 Door Trim etc. / Screen Design May. 2018 – Jan. 2020 Under development
AC3 Special Bumper and Fender Design Jun. 2018 – May. 2020 Under development
JLR MLA L460 Frame and B Post Design May. 2018 – Jun. 2020 Under development
JLR MLA X391 Frame and B Post Design Jun. 2018 – Jul. 2020 Under development
SQ EV Console, Under Cover Design May. 2018 – Dec. 2019 Under development
KU Door Trim and Seat Design Aug. 2018 – Mar. 2020 Under development
CN7 Door Trim and Seat Design Jul. 2018 – Mar. 2020 Under development
HCI PE Bumper Design May. 2018 – Apr. 2020 Under development
MQ4a Seat and Exterior Design May. 2018 – Jul. 2020 Under development
QY Door Trim, Bumper and Exterior Design Jul. 2018 – Aug. 2020 Under development
BC3 Door Trim, Exterior Seat Design Sep. 2018 – Sep. 2020 Under development
JK Seat Design Oct. 2018 – Oct. 2020 Under development
SP2 Seat Design Nov. 2017 – Jul. 2019 Under development
KA4 Door Trim and Seat Design Nov. 2018 – Feb. 2020 Under development
CN7C Console and Seat Design Sep. 2018 – Aug. 2020 Under development
NP Turbo Bumper Design Sep. 2018 – May. 2019 Under development
BDC EV Bumper Design Oct. 2018 – Feb. 2020 Under development
BDC PHEV Bumper Design Dec. 2018 – Jun. 2019 Under development
DL3C Door Trim, Bumper and Exterior Design Jul. 2018 – Jul. 2020 Under development
QLC PE Console, Bumper and Exterior Design Nov. 2017 – Feb. 2019 Under development
SU2I Door Trim, Seat and Exterior Design Nov. 2017 – Feb. 2019 Under development
BC3 HEV Left Side Seat Design Oct. 2018 – Sep. 2020 Under development
NX4E Door Trim, Seat and Exterior Design Oct. 2018 – Oct. 2020 Under development
SU2B Door Trim, Seat and Exterior Design Mar. 2018 – Sep. 2021 Under development
CN7A Door Trim, Seat and Exterior Design Jul. 2018 – Sep. 2020 Under development
DN8A Door Trim and Seat Design Jun. 2017 – Sep. 2019 Under development
TMA PE Left Side Exterior Design Dec. 2018 – Oct. 2020 Under development
TMA PE Left Side and Exterior Design Dec. 2018 – Oct. 2020 Under development
HC PE Bumper Grille and Exterior Design Aug. 2018 – Oct. 2020 Under development
SC PE Bumper and Exterior Design Aug. 2018 – Jul. 2020 Under development
BBAC X247 Head Lining Design Jun. 2017 – Oct. 2019 Under development
BBAC H247 Head Lining Design Mar. 2018 – Jul. 2020 Under development
BBAC H247 Head Lining Design Mar. 2018 – Jul. 2020 Under development
M85 Seat Design Mar. 2018 – Sep. 2019 Under development
E12 Seat Design Mar. 2018 – Apr. 2020 Under development
NX4 Screen Nov. 2018 – Jun. 2020 Under development
- NX4C D/TRIM Exterior Design Jan. 2019 – Sep. 2020 Under development
- DN8C HEV L/SIDE, CONSOLE Exterior Design Jan. 2019 – Nov. 2020 Under development
- SP2C EV BUMPER Design Jan. 2019 – Jun. 2020 Under development
- NX4A D/TRIM Exterior Design Jan. 2019 – Jan. 2021 Under development
- QY 7P BUMPER Exterior Design Feb. 2019 – Mar. 2021 Under development
- QY 7P GT LINE BUMPER Exterior Design Fab. 2019 – Mar. 2021 Under development
- SU2B LWB Exterior Design Mar. 2019 – Sep. 2021 Under development
- NE Door Trim and Seat Design Jun. 2019 – Feb. 2020 Under development
- IK SB D/TRIM Design May. 2019 – Feb. 2021 Under development
- BC3 CUV Bumper, Exterior Design Apr. 2019 – Mar. 2021 Under development
- NX4A OPENBED Door Trim, Exterior Design Apr. 2019 – May. 2021 Under development
- RG3 EV Seat Design Jun. 2019.6 – Mar. 2021 Under development
- NEC H/LINING, CONSOLE Design Apr. 2019 – Jun. 2021 Under development
- CD PE FR U/COVER Design Apr. 2019 – Nov. 2020 Under development
- CD CUV PE FR U/COVER Design Apr. 2019 – Nov. 2020 Under development
- KU EV LUGG SIDE Design Jun. 2019 – Oct. 2020 Under development
- SG2 SCREEN Design Jun. 2019 – Dec. 2020 Under development
- BC3 N-LINE Bumper, Trim, Seat Design Jul. 2019 – Feb. 2021 Under development
- BC3 N Bumper, Trim, Exterior Design Jul. 2019 – Feb. 2021 Under development
- BC3 HEV L/SIDE TRIM, Trim Design Jul. 2019 – Jul. 2020 Under development
- GL3 D/TRIM, Trim Design Sep. 2019 – Mar. 2021 Under development
- RS4 D/TRIM, Trim Design Sep. 2019 – Mar. 2021 Under development
- QXB D/TRIM, Trim Design Sep. 2019 – Jun. 2020 Under development
- BDM PE Trim, Exterior Design Nov. 2019 – Jun. 2021 Under development
- HI SE D/TRIM Design May. 2019 – Apr. 2020 Under development
- NP PE BUMPER Design Oct. 2019 – Nov. 2021 Under development
NQ5 D/TRIM Trim Design Dec. 2019 – Jun. 2021 Under development
OSe EV Trim Design May. 2019 – Nov. 2020 Under development
NQ5E D/TRIM Trim, Exterior Design Dec. 2019 – Nov. 2021 Under development
DU2 EV Trim, Exterior Design Aug. 2019 – Nov. 2020 Under development
RS4 LIM D/TRIM Trim Design Jan. 2019 – Feb. 2022 Under development
RJ PE D/TRIM Trim Design Nov. 2019 – Mar. 2021 Under development
JW1 D/TRIM Trim Design Dec. 2019 – Jul. 2021 Under development

 

Capital Expenditure

 (in millions of won)
Type of investment Planned amount of capital investment for 2019 Capital investment in 2019
Manufacture of automotive components Additional facility 50,920 31,248