[Edaily Reporter Kim Hyung-il ] Global mobility parts company DONGYANG PISTON(092780)announced on the 18th that it achieved revenue growth and returned to profitability in the first half of this year, driven by expanding demand in the North American automotive market.
DYP CI. (Photo courtesy of DYP)
On a consolidated basis, DYP recorded revenue of 247.4 billion won in the first half of this year, a 14.1% increase from the same period last year. Operating profit totaled 3.4 billion won, and net income stood at 2.4 billion won. Net income turned to a profit compared to the same period last year.
The improvement in performance was driven by increased supply volumes, particularly in North America. Supply volumes from production subsidiaries in the U.S. and Mexico rose due to expanded North American sales by major customers such as Ford and Stellantis, as well as increased capacity utilization at local plants operated by HyundaiMotor and KIA CORPORATION.
DYP explained that since most of the revenue growth in the first half originated in North America, the competitiveness of its global business—based on local production—has been strengthened.
However, the improvement in profitability was limited due to factors such as fluctuations in raw material prices and logistics costs. DYP projected that, with production disruptions now resolved, it would continue its upward trend in performance in the second half of the year alongside the normalization of supply volumes. The company also noted that new supply opportunities are expanding due to the restructuring of global supply chains.
Building on its existing powertrain components business, the company is also expanding into eco-friendly mobility components. While broadening its business scope to include hydrogen, battery, and heat dissipation components, it is also pursuing new ventures such as pistons for generator engines used in AI data centers.
A DYP official stated, “Even amid changes in the global trade environment, we are maintaining stable growth based on our local production bases in North America,” adding, “We will strengthen our mid- to long-term growth foundation by enhancing the competitiveness of our existing powertrain component business while expanding eco-friendly mobility components—such as hydrogen and battery components—and new growth businesses.”
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