BLUETOP CO. LTD.

BLUETOP CO. LTD.

KKRX:191600
9,990.00
KRW
-1,760.00
(-14.98%)
-2,087.50EPS
18.98BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
9,886.31
9,718.73
7,844.81
9,092.52
12,139.57
10,017.89
10,911.19
14,488.01
16,748.18
15,801.75
15,355.26
Basic EPS, GAAP
821
443
-209
230
168
-748
-579
213
254
-474
-2,087.5
Free Cash Flow per Basic Share
-453.91
-343.21
-789.72
-1,856.29
209.12
-491.37
-380.55
-200.67
95.54
-227.76
-773.42
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3,717.78
4,145.63
4,065.57
4,101.23
5,274.55
4,431.3
4,264.88
4,698.73
4,890.09
4,382.49
2,299.4
Tangible Book Value per Share
3,713.19
4,128.76
4,045.89
4,087.61
5,265.91
4,427.95
4,264.53
4,693.75
4,886.16
4,379.43
2,297.43
Basic Weighted Avg Shares
3
3
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
25,710
25,243
20,363
23,657
31,557
27,844
31,080
41,212
47,642
45,026
43,835
Operating Margin (%)
6.5
4.21
-2.76
1.62
2.84
-7.78
-6.52
2.36
5.27
0.95
-8.32
Depreciation Expense
923
1,527
1,571
1,663
2,190
2,411
2,414
2,391
1,948
1,940
1,965
Net Income, GAAP
2,135
1,151
-543
598
437
-2,079
-1,649
606
723
-1,351
-5,959
Effective Tax Rate (%)
0.88
13.44
- -
- -
22.21
- -
- -
- -
- -
- -
- -
Profit Margin (%)
8.3
4.56
-2.66
2.53
1.38
-7.47
-5.31
1.47
1.52
-3
-13.59
Working Capital
-3,667
1,577
1,926
-1,266
-2,150
-305
-6,268
-4,336
-3,702
-4,710
-7,441
LT Debt
- -
5,421
7,953
4,360
4,057
5,935
3,232
3,189
2,847
3,404
5,099
Total Equity
9,666
10,779
10,570
10,663
13,714
12,629
12,155
13,391
13,937
12,490
6,574
Return on Invested Capital (%)
- -
4.99
- -
- -
2.5
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
8.11
- -
- -
3.95
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
11.26
-5.08
5.64
3.58
-15.78
-13.31
4.74
5.29
-10.22
-62.52

Capital Structure

KRW

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

KRW

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.61%
-9.45%
-47.37%
Free Cash Flow
-53.56%
-62.84%
240.2%
Net Income, GAAP
-109.05%
-16.78%
341.21%
Sales/Revenue/Turnover
6.83%
10.34%
-2.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
47,642
2024
- -
- -
- -
- -
45,026
2025
- -
- -
- -
- -
43,835

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
254
2024
- -
- -
- -
- -
-474
2025
- -
- -
- -
- -
-2,087.5

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

CEO
Sang-Bong Kim
Full Time Employees
151
Sector
Electronic technology
Industry
Electronic components
Address
Inchon South Korea
IPO Date
Jul 29, 2016
Website
e-tkc.com
Business
Bluetop Co., Ltd. (KRX: 191600) is a South Korean electronic components manufacturer specializing in the engineering, fabrication, and distribution of advanced printed circuit boards (PCBs) and surface-mount electronic assemblies primarily for the automotive, telecommunications, and industrial electronics sectors. Founded in 2002 with roots tracing back to 1995, the company is headquartered in Incheon, South Korea, and operates domestic manufacturing plants and research facilities in Incheon and Ansan (including its specialized MassLam business division), complemented by manufacturing and sales presence in China. Bluetop provides a broad spectrum of circuit board solutions tailored to rigorous thermal, electrical, and reliability standards, including multilayer printed circuit boards (MLBs); high-density interconnect (HDI) substrates; heavy copper PCBs engineered for high-current automotive power management; radio frequency (RF) and high-frequency communication boards; 5G wireless networking circuit boards; automotive electronic control unit (ECU) boards; audio, video, and navigation (AVN) infotainment PCBs; smart junction box substrates; climate control (HVAC) modules; and interior and exterior automotive lighting PCBs. The company serves automotive original equipment manufacturers and Tier-1 automotive suppliers, maintaining long-standing supply relationships that support vehicles from Hyundai Motor Company, Kia Corporation, Chrysler, and Subaru, as well as global network equipment providers. In recent strategic developments, Bluetop has accelerated its expansion into next-generation eco-friendly vehicle electronics, participating in national research and development initiatives to engineer high-efficiency 800V electric vehicle power modules and high-power inverter substrates. Following its corporate name change from TKC Co., Ltd. to Bluetop Co., Ltd. to mark its strategic repositioning toward future mobility and advanced technology domains, the company has strengthened its executive leadership by appointing senior veterans from Hyundai Motor Group's electronics procurement and research divisions, implemented board restructuring, and actively managed its capital structure through early redemptions and retirements of convertible debt instruments.