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Bae Myung Metal (011800)   STOCK
 
Address 654-2,CHOJI-DONG, ANSAN-SI
Home Page www.baemyungmetal.co.kr
Established 1976.12.21 Tel 031-490-0300
Listed 1990. 7.14 IR 031-490-0324
Common shares O/S 33,489,357 President Choe,Seok Bae
Preferred shares O/S No.of Employees 62(2008. 3)
Sales decreased from the preceding year as export of stainless steel angles decreased thanks to currency devaluation and productivity degraded while diverse specialty steel shapes are produced in small volumes. Operating income increased slightly over the preceding year with raised product selling prices though price competitiveness degraded with rising material prices and declining currency exchange rate. Financial stability is maintained with low borrowings and rich liquidity though minus operating cash flow is posted lately.
Sales will increase with active business of downstream general and nuclear power plant industries and raised product selling prices. Profit will increase with enhanced export margin thanks to strong won currency and slow rise of material billet prices. Equity investment gains will increase with increased sales of China subsidiary invested by subsidiary Baekcheol Metal, Co., LTD. and active domestic sales and export to America.
(date: 2007.12, unit : %)
Name Choi Seokbae Kim Yeongja
Portion 29.9 10.8
(unit : %)
Sales stainless steel Panel 52.4 Cost Raw Materials
stainless Bar 20.4 Labors
Stainless seamless 19.6 Overhead
(Unit : 100Mn.Won,Won)
Year 91. 8 94. 2 99.12 00. 1 07. 9
Type BI RI RI SS RI
Amount 6.00  19.00  25.00  500.00  56.50