Myoung Shin Industry
명신산업 · 009900
Consumer Discretionary Auto Parts · KOSPI
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 FY2025Revenue
- 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)
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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