Hyulim A-Tech휴림에이텍

Hyulim A-Tech is a small auto-parts maker that swung to heavy losses in the first half of 2026 and carries a large share-price drop over the past year.

Hyulim A-Tech supplies interior and exterior trim parts mainly to Hyundai Motor and Kia, with plants in Milyang and Asan. Trailing results to H1 2026 show revenue of about ₩61.6B, an operating loss of about ₩1.2B and a net loss of about ₩12.6B, following a 2025 net loss of about ₩11.1B. The share price closed at ₩2,780 on 2026-10-28, down 65% over one year, with a market value of about ₩27.8B.

What stands out

• Revenue has been broadly flat to down: ₩64.4B in 2025 after ₩70.3B in 2024, while operating income fell from ₩4.0B in 2024 to ₩0.2B in 2025 and turned negative on a trailing basis.
• Trailing net margin is -20.4% and free cash flow is negative at about -₩0.5B, with borrowings of ₩3.4B against cash of ₩1.4B.
• The data shows the stock at 0.4 times book value, but no meaningful earnings-based P/E because earnings are negative; the DCF fair value model gives ₩2,586 base, ₩1,490 bear and ₩4,115 bull.
• Recent filings are mostly shareholder-meeting notices and amendments, a rights offering decision and securities registration statements from September and October 2026, plus a 5%+ holding report.
• Foreign ownership fell from 0.9% to 0.1% over about 60 days, and the data shows no dividend and no recent news headlines.

What to watch

• Notice and amendments on the shareholders' meeting and the rights offering (paid-in capital increase), which could affect share count and funding.
• Whether the company returns to operating profit, given the trailing operating margin of -2% and net losses.
• Trading plan reports from executives and major shareholders, and the 5%+ holding disclosure, which may signal ownership changes.