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AUSTEM Co., Ltd. (031510)   KOSDAQ
 
Address 462-1,JANGSAN-RI, SUSIN-MYEON, CHEONAN-SI, CHUNGNAM
Home Page www.austem.co.kr
Established 1990. 3. 7 Tel 041-559-2500
Listed 1997. 2.12 IR 041-559-2341
Common shares O/S 26,000,000 President Kim,Jung Woo
Preferred shares O/S No.of Employees 519(2007.12)
Firm's sales and operating profit sharply rose, due to sales increase deriving from favorable tune in exports of GM Daewoo, a major client. Firm's performance sharply improved, due to increase in gain on valuation of investments using the equity method, deriving from profit increase due to sales increase and performance improvement of subsidiaries, and net profit increase stemming from gain on valuation of investments using the equity method. Firm's various stability indices show slight improvement compared to a year earlier, in view of lowering debt ratio thru continual repayment of borrowings.
As the firm was selected as s chassis supplier in the Delta 2 project, a strategic type of car of GM Daewoo, firm's stable growth is expected according to continual delivery of parts. Firm's biz revenue growth and profitability improvement are expected, thanks to diversification of clients including orders from Kia Motors' New Carens and Hyundai Motor's BH project (seat parts). Firm expands biz scope by establishing a subsidiary, Pos-Austem Auzhou Automotive, in China thru a joint venture with POSCO into China and other foreign countries.
(date: 2007.12, unit : %)
Name Kim Seongjung Kim Jeongu Morgan Stanley
Portion 14.2 11.9 6.1
(unit : %)
Sales CHASSIS parts 55.9 Cost Raw Materials 68.5
SEAT 34.4 Labors 12.8
STEEL WHEEL 7.7 Overhead 18.6
(Unit : 100Mn.Won,Won)
Year 97. 2 03. 2 05.12    -    -
Type LI SS RI
Amount 93.19  500.00  36.81