Myoung Shin Industry

명신산업 · 009900

Consumer Discretionary Auto Parts · KOSPI

Small-cap

Market cap US$343.7M (₩474.3B)

Overview

Myoung Shin Industry makes structural body parts for cars, using a process called hot stamping that shapes and strengthens steel under high heat to reduce vehicle weight.

The company supplies these parts primarily to first-tier body-assembly suppliers, which in turn deliver finished body structures to vehicle manufacturers. Listed on KOSPI, Korea's main stock exchange, its consolidated subsidiaries in the United States and China operate as direct first-tier suppliers to a global electric-vehicle manufacturer.

Summary is AI-generated and may contain errors · figures from DART filings

Financials

Source: DART · FY ending Dec · latest FY2025
Revenue · FY2025
US$1.2B
▲ +2.9% YoY
Operating profit · FY2025
US$74.3M
▼ −30.7% YoY
Net income · FY2025
US$49.5M
▼ −47.1% YoY

Revenue

  • FY2023US$1.3B
  • FY2024US$1.1B
  • FY2025US$1.2B

Operating profit

  • FY2023US$150.8M
  • FY2024US$107.3M
  • FY2025US$74.3M

Net income

  • FY2023US$110.6M
  • FY2024US$93.5M
  • FY2025US$49.5M

Key ratios (FY2025)

ROE
8.9%
Debt/Eq
84.8%
Op. margin
6.3%
Net margin
4.2%
Rev. YoY
▲ +2.9%

Why it matters

A Brazilian subsidiary, Myoung Shin Brazil, was added to the consolidated group and supplies body parts directly to automotive OEM customers.

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For informational purposes only. This is not investment advice, a recommendation, or a solicitation to buy or sell any security. Do your own research; any investment decision is your own responsibility.

Data from DART, Korea's official corporate-filing system. Data sourced from official DART filings. Accuracy is not guaranteed. Figures are as of the date shown. As of 2026-06-12 (KST). · FX: 1 USD ≈ ₩1,380 (2026-06-01).

Company summaries are generated and may contain errors; financial figures are mapped directly from official filings.