# If Hyundai Rotem Company moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/hyundai-rotem-company · Facet: ripple · Updated: 2026-10-25T17:24:01.828+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Hyundai Rotem Company is directly linked to 2 companies (1 supply, 0 revenue, 1 investment relationships) and reaches 2 companies within two hops; the links are backed by 23 dated sources, 8 of them primary filings (as of 2026-10-25).

Hyundai Rotem, the K2 prime, repriced ahead of its component supplier: shares rose 108.8% in 2024 and 290.1% in 2025, while Hyundai Wia followed with a 125.1% gain in 2025. Through October 23, 2026, Rotem was down 64.0% and Wia 41.8%. Earnings lagged the share cycle. Rotem’s nine-month revenue rose 11.2% to KRW 4.6842tn, but operating profit fell 4.7% to KRW 703.7bn. Q3 AD&RH revenue fell 10.1% year on year, while rail revenue rose 21.4% with just a 0.9% rail operating margin. The KRW 239.2bn Taoyuan Green Line contract signed October 21 supports the rail backlog, but cannot be added to current revenue. The KRW 358.386bn Wia defense acquisition is scheduled to close March 31, 2027, so the K2 gun supply link remains external until closing. Internal sales elimination and integration costs will determine the economic result. Next checks are Wia’s November 27 shareholder vote, conversion of export prospects into signed contracts, and a recovery in rail margins. If the KRW 29.142tn backlog fails to convert into sales and profit, the vertical-integration and rail-offset thesis weakens.

## Supply chain (benefiting)
- T1 Hyundai Wia (https://valuechain.wiki/hyundai-wia.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T3 Kia (https://valuechain.wiki/kia.md)
- T3 onsemi (https://valuechain.wiki/onsemi.md)
- T3 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T3 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T3 CATL (https://valuechain.wiki/catl.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 Hyundai Transys (https://valuechain.wiki/hyundai-transys.md)
- T3 PPG Industries (https://valuechain.wiki/ppg-industries.md)

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Full node: https://valuechain.wiki/hyundai-rotem-company.md · JSON: https://valuechain.wiki/hyundai-rotem-company.json