{"id":391,"date":"2025-12-23T19:18:37","date_gmt":"2025-12-23T16:18:37","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=391"},"modified":"2025-12-23T19:18:37","modified_gmt":"2025-12-23T16:18:37","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-dmsas-demisas-dokum-emaye-mamulleri-sanayi-2025-9-bilanco-analizi-%f0%9f%a7%bf","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/391","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #DMSAS | Demisa\u015f D\u00f6k\u00fcm Emaye Mam\u00fclleri Sanayi 2025\/9 Bilan\u00e7o Analizi | \ud83e\uddff"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #DMSAS | Demisa\u015f D\u00f6k\u00fcm Emaye Mam\u00fclleri Sanayi 2025\/9 Bilan\u00e7o Analizi | Operasyonel Sonu\u00e7lar \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/YjGRJXvvRJ4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Bir Faaliyet Raporunun Perde Arkas\u0131: Bir Sanayi Devi Olan Demisa\u015f&#8217;tan \u0130\u015f D\u00fcnyas\u0131na Dair 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ders<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye<\/h3>\n<p>Kurumsal faaliyet raporlar\u0131 ve finansal tablolar, \u00e7o\u011fu zaman rakamlar, tablolar ve yasal beyanlarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 ve kuru belgeler olarak g\u00f6r\u00fcl\u00fcr. Bu belgelerin karma\u015f\u0131kl\u0131\u011f\u0131, bir\u00e7ok ki\u015fiyi derinlemesine incelemekten al\u0131koyar. Ancak bu rakamlar\u0131n ve dipnotlar\u0131n ard\u0131nda, bir \u015firketin stratejisini, zorluklara nas\u0131l adapte oldu\u011funu ve gelece\u011fi nas\u0131l \u015fekillendirdi\u011fini anlatan b\u00fcy\u00fcleyici hikayeler gizlidir.<\/p>\n<p>Bu makalenin amac\u0131, tam da bu hikayelerden birini ortaya \u00e7\u0131karmakt\u0131r. T\u00fcrkiye&#8217;nin d\u00f6k\u00fcm sekt\u00f6r\u00fcndeki en \u00f6nemli oyunculardan biri olan Demisa\u015f&#8217;\u0131n son raporlar\u0131n\u0131 mercek alt\u0131na alarak, y\u00fczeydeki verilerin \u00f6tesine ge\u00e7ece\u011fiz. Sat\u0131\u015f hacmindeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen k\u00e2rl\u0131l\u0131\u011f\u0131n nas\u0131l artt\u0131\u011f\u0131ndan, g\u00f6z \u00f6n\u00fcnde olmayan bir sekt\u00f6r\u00fcn modern ekonomideki kritik rol\u00fcne kadar, i\u015f d\u00fcnyas\u0131 ve stratejiyle ilgilenen herkes i\u00e7in \u00fc\u00e7 \u015fa\u015f\u0131rt\u0131c\u0131 ve de\u011ferli dersi g\u00fcn y\u00fcz\u00fcne \u00e7\u0131karaca\u011f\u0131z.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>1. Sat\u0131\u015flar D\u00fc\u015ferken Br\u00fct K\u00e2r Nas\u0131l Artar? K\u00e2rl\u0131l\u0131k Paradoksu<\/h3>\n<p>\u0130lk bak\u0131\u015fta \u00e7eli\u015fkili g\u00f6r\u00fcnen bir tabloyla ba\u015flayal\u0131m. Demisa\u015f&#8217;\u0131n faaliyet raporuna g\u00f6re, 2025 y\u0131l\u0131n\u0131n ilk 9 ay\u0131nda \u015firketin sat\u0131\u015f hacmi bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %18 oran\u0131nda azald\u0131. Net sat\u0131\u015f has\u0131lat\u0131 ise 3,24 milyar TL&#8217;den 2,45 milyar TL&#8217;ye geriledi.<\/p>\n<p>Ancak i\u015fin \u015fa\u015f\u0131rt\u0131c\u0131 yan\u0131 burada ortaya \u00e7\u0131k\u0131yor: Bu d\u00fc\u015f\u00fc\u015flere ra\u011fmen \u015firketin Br\u00fct K\u00e2r\u0131 167,8 milyon TL&#8217;den 226,0 milyon TL&#8217;ye y\u00fckseldi. Bu durum, &#8220;daha fazla satmak her zaman daha fazla kazanmak anlam\u0131na gelmez&#8221; ilkesinin somut bir \u00f6rne\u011fidir. Rakamlar, \u015firketin nicelikten ziyade niteli\u011fe odakland\u0131\u011f\u0131n\u0131, yani <i>daha \u00e7ok<\/i> satmak yerine <i>daha ak\u0131ll\u0131ca<\/i> satmaya y\u00f6nelik stratejik bir de\u011fi\u015fim i\u00e7inde oldu\u011funu g\u00f6steriyor.<\/p>\n<p>Bu stratejinin \u00f6z\u00fcn\u00fc, raporun kendi ifadelerinde bulmak m\u00fcmk\u00fcn:<\/p>\n<p>\u015eirketimiz, daha katma de\u011ferli, \u00fcretim \u015fartlar\u0131 ve teknolojisi bak\u0131m\u0131ndan rakiplerinden ayr\u0131lmas\u0131n\u0131 sa\u011flayacak \u00fcr\u00fcnlere y\u00f6nelerek \u00fcr\u00fcn gam\u0131n\u0131 de\u011fi\u015ftirme stratejisi do\u011frultusunda&#8230;<\/p>\n<p>Bu ders, \u00f6zellikle rekabetin yo\u011fun oldu\u011fu d\u00f6nemlerde k\u00e2rl\u0131l\u0131\u011f\u0131 koruman\u0131n anahtar\u0131n\u0131n, y\u00fcksek katma de\u011ferli \u00fcr\u00fcnlere odaklanmaktan ge\u00e7ti\u011fini g\u00f6steriyor. Rapor, bu stratejik pivotun soyut bir hedef olmad\u0131\u011f\u0131n\u0131, \u015firketin mevcut otomotiv ve so\u011futma kompres\u00f6rleri pazarlar\u0131n\u0131n yan\u0131na <b>ticari ara\u00e7lar, a\u011f\u0131r vas\u0131ta, hidrolik sistemleri, in\u015faat ve demiryolu<\/b> gibi daha katma de\u011ferli yeni sekt\u00f6rlere bilin\u00e7li bir \u015fekilde geni\u015flemesiyle somutla\u015ft\u0131\u011f\u0131n\u0131 ortaya koyuyor. Hacimden de\u011fere ge\u00e7i\u015f, zorlu piyasa ko\u015fullar\u0131nda dahi finansal ba\u015far\u0131y\u0131 getirebilecek g\u00fc\u00e7l\u00fc bir stratejidir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>2. G\u00fcndelik Hayat\u0131n Gizli Omurgas\u0131: D\u00f6k\u00fcm Sekt\u00f6r\u00fc<\/h3>\n<p>Kulland\u0131\u011f\u0131n\u0131z otomobilin motorundaki <b>egzost manifoldlar\u0131n\u0131<\/b>, g\u00fcvenli bir \u015fekilde durmas\u0131n\u0131 sa\u011flayan <b>fren disklerini<\/b> veya buzdolab\u0131n\u0131z\u0131 so\u011futan kompres\u00f6r\u00fcn i\u00e7indeki kritik par\u00e7alar\u0131 hi\u00e7 d\u00fc\u015f\u00fcnd\u00fcn\u00fcz m\u00fc? D\u00f6k\u00fcm sekt\u00f6r\u00fc, \u00e7o\u011fu zaman g\u00f6z \u00f6n\u00fcnde olmasa da modern ya\u015fam\u0131 ve imalat sanayini ayakta tutan temel direklerden biridir. Demisa\u015f&#8217;\u0131n raporu, bu &#8220;g\u00f6r\u00fcnmez&#8221; sekt\u00f6r\u00fcn ne kadar temel bir role sahip oldu\u011funu \u00e7arp\u0131c\u0131 bir veriyle g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p>&#8230;\u00fcretilen sanayi mamullerinin %90\u2019\u0131nda en az bir adet d\u00f6k\u00fcm \u00fcr\u00fcn\u00fc bulunmaktad\u0131r.<\/p>\n<p>Bu istatistik, sekt\u00f6r\u00fcn ne denli vazge\u00e7ilmez oldu\u011funu tek ba\u015f\u0131na kan\u0131tlar nitelikte. Dahas\u0131, rapor T\u00fcrkiye&#8217;nin bu alandaki k\u00fcresel konumuna da \u0131\u015f\u0131k tutuyor: T\u00fcrk d\u00f6k\u00fcm sekt\u00f6r\u00fc, Avrupa&#8217;da Almanya&#8217;dan sonra ikinci en b\u00fcy\u00fck \u00fcretici konumundad\u0131r.<\/p>\n<p>Bu ger\u00e7ekler, en temel ve kritik sekt\u00f6rlerin her zaman en \u00e7ok konu\u015fulan veya en g\u00f6r\u00fcn\u00fcr olanlar olmad\u0131\u011f\u0131n\u0131 hat\u0131rlat\u0131yor. D\u00f6k\u00fcm gibi end\u00fcstriler, imalat d\u00fcnyas\u0131n\u0131n ve dolay\u0131s\u0131yla modern ekonominin sessiz ama g\u00fc\u00e7l\u00fc omurgas\u0131n\u0131 olu\u015fturur.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>3. &#8220;A\u011f\u0131r Sanayi&#8221; Kal\u0131plar\u0131n\u0131 K\u0131ran G\u00fc\u00e7: Ar-Ge ve Akademi<\/h3>\n<p>&#8220;A\u011f\u0131r sanayi&#8221; denildi\u011finde akla genellikle inovasyondan uzak, yava\u015f hareket eden ve geleneksel y\u00f6ntemlere ba\u011fl\u0131 yap\u0131lar gelir. Ancak Demisa\u015f&#8217;\u0131n faaliyet raporu, bu kal\u0131pla\u015fm\u0131\u015f yarg\u0131y\u0131 y\u0131kan somut kan\u0131tlarla dolu. \u015eirket, ara\u015ft\u0131rma ve geli\u015ftirme (Ar-Ge) faaliyetlerine ve akademik i\u015f birliklerine yapt\u0131\u011f\u0131 yat\u0131r\u0131mlarla geleneksel bir sekt\u00f6r\u00fcn nas\u0131l inovasyonla k\u00fcresel rekabette \u00f6ne \u00e7\u0131kabilece\u011fini g\u00f6steriyor.<\/p>\n<p>Demisa\u015f&#8217;\u0131n Ar-Ge odakl\u0131 yakla\u015f\u0131m\u0131n\u0131n somut g\u00f6stergeleri \u015funlard\u0131r:<\/p>\n<ul>\n<li>\u015eirket, 2019 y\u0131l\u0131nda Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 taraf\u0131ndan resmi bir <b>Ar-Ge Merkezi<\/b> olarak tescil edilmi\u015ftir.<\/li>\n<li>Eyl\u00fcl 2025 itibar\u0131yla <b>47 proje<\/b> ba\u015flatm\u0131\u015f ve bunlar\u0131n 41&#8217;ini ba\u015far\u0131yla tamamlam\u0131\u015ft\u0131r.<\/li>\n<li>Toplamda <b>7 adet patent, faydal\u0131 model ve tasar\u0131m tescil ba\u015fvurusu<\/b> bulunmakta olup, bunlardan 2&#8217;si patent, 3&#8217;\u00fc ise faydal\u0131 model olarak tescillenmi\u015ftir.<\/li>\n<li>\u015eirket, <b>2 y\u00fcksek lisans mezunu, 1 doktora \u00f6\u011frencisi ve 8 y\u00fcksek lisans \u00f6\u011frencisi<\/b> istihdam ederek insan kayna\u011f\u0131na yat\u0131r\u0131m yapmaktad\u0131r.<\/li>\n<li><b>Bilecik \u015eeyh Edebali \u00dcniversitesi<\/b> ile aktif bir \u00fcniversite-sanayi i\u015f birli\u011fi y\u00fcr\u00fctmektedir; bu i\u015f birli\u011fi kapsam\u0131nda <b>bir adet akademik makale yay\u0131n\u0131<\/b> da yap\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>Bu Ar-Ge \u00e7al\u0131\u015fmalar\u0131n\u0131n pratik hedefleri aras\u0131nda yeni \u00fcr\u00fcnler geli\u015ftirmek, maliyetleri d\u00fc\u015f\u00fcrmek, i\u015f kazalar\u0131n\u0131 azaltmak i\u00e7in s\u00fcre\u00e7leri otomatikle\u015ftirmek ve d\u00f6k\u00fcm at\u0131klar\u0131n\u0131n geri d\u00f6n\u00fc\u015f\u00fcm\u00fcn\u00fc sa\u011flamak gibi somut ama\u00e7lar yer al\u0131yor. Bu adanm\u0131\u015fl\u0131k, geleneksel sanayi kollar\u0131n\u0131n dahi inovasyon ve akademik ortakl\u0131klar sayesinde k\u00fcresel rekabet g\u00fcc\u00fcn\u00fc art\u0131rabilece\u011fini, i\u015f yeri g\u00fcvenli\u011fini iyile\u015ftirebilece\u011fini ve s\u00fcrd\u00fcr\u00fclebilirli\u011fe katk\u0131 sa\u011flayabilece\u011fini kan\u0131tl\u0131yor.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h3>Sonu\u00e7: Rakamlar\u0131n Ard\u0131ndaki Strateji<\/h3>\n<p>Demisa\u015f&#8217;\u0131n faaliyet raporu, dikkatli bir g\u00f6zle okundu\u011funda, bir \u015firketin finansal durumundan \u00e7ok daha fazlas\u0131n\u0131 anlatan bir strateji belgesine d\u00f6n\u00fc\u015f\u00fcyor. Bu analizde, salt sat\u0131\u015f hacminin \u00f6tesinde stratejik k\u00e2rl\u0131l\u0131\u011f\u0131n g\u00fcc\u00fcn\u00fc, modern ekonomiyi ayakta tutan &#8220;g\u00f6r\u00fcnmez&#8221; sekt\u00f6rlerin temel rol\u00fcn\u00fc ve en geleneksel alanlarda bile inovasyonun ne kadar kritik bir rekabet avantaj\u0131 sa\u011flad\u0131\u011f\u0131n\u0131 g\u00f6rd\u00fck.<\/p>\n<p>Bu dersler, bir \u015firketin ba\u015far\u0131s\u0131n\u0131n sadece bilan\u00e7odaki rakamlardan ibaret olmad\u0131\u011f\u0131n\u0131, as\u0131l hikayenin bu rakamlar\u0131 \u015fekillendiren vizyon, adaptasyon ve stratejide yatt\u0131\u011f\u0131n\u0131 bir kez daha hat\u0131rlat\u0131yor. Bir sonraki kurumsal rapora g\u00f6z att\u0131\u011f\u0131n\u0131zda, rakamlar\u0131n ard\u0131nda hangi stratejik hikayeleri arayacaks\u0131n\u0131z?<\/p>\n<p>&nbsp;<\/p>\n<h1>Demisa\u015f D\u00f6k\u00fcm A.\u015e. 9 Ayl\u0131k Faaliyet Raporu De\u011ferlendirmesi (01.01.2025 &#8211; 30.09.2025)<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Demisa\u015f D\u00f6k\u00fcm Emaye Mam\u00fclleri Sanayi A.\u015e.&#8217;nin 2025 y\u0131l\u0131n\u0131n ilk dokuz ayl\u0131k d\u00f6nemine ili\u015fkin faaliyetleri, br\u00fct ve esas faaliyet k\u00e2r\u0131nda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re kayda de\u011fer bir art\u0131\u015fa i\u015faret etse de, y\u00fcksek finansman giderleri ve parasal pozisyon kay\u0131plar\u0131 nedeniyle 93,5 milyon TL net d\u00f6nem zarar\u0131 ile sonu\u00e7lanm\u0131\u015ft\u0131r. Bu zarar, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 50,5 milyon TL&#8217;lik zarardan daha y\u00fcksektir. Sat\u0131\u015f hacmi ton baz\u0131nda %18, d\u00f6viz baz\u0131nda ise %39 oran\u0131nda gerileyerek pazar ko\u015fullar\u0131nda zorluklar ya\u015fand\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<p>\u015eirket, stratejik olarak katma de\u011feri y\u00fcksek \u00fcr\u00fcnlere (sfero ve vermik\u00fcler d\u00f6k\u00fcm) odaklanarak ve a\u011f\u0131r vas\u0131ta, hidrolik, in\u015faat gibi yeni sekt\u00f6rlere a\u00e7\u0131larak \u00fcr\u00fcn gam\u0131n\u0131 \u00e7e\u015fitlendirmektedir. 2019&#8217;dan bu yana Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 onayl\u0131 bir AR-GE Merkezi olarak faaliyet g\u00f6steren \u015firket, inovasyon ve maliyet d\u00fc\u015f\u00fcrme \u00e7al\u0131\u015fmalar\u0131na devam etmektedir. 2024 y\u0131l\u0131nda tamamlanan sermaye art\u0131r\u0131m\u0131 ile \u015firketin \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi 200 milyon TL&#8217;ye, kay\u0131tl\u0131 sermaye tavan\u0131 ise 400 milyon TL&#8217;ye y\u00fckseltilmi\u015ftir. Operasyonel olarak dikkat \u00e7eken bir di\u011fer \u00f6nemli g\u00fcndem maddesi ise 31 A\u011fustos 2025&#8217;te sona eren Toplu \u0130\u015f S\u00f6zle\u015fmesi&#8217;nin yenilenmesi i\u00e7in 13 Ekim 2025&#8217;te ba\u015flayacak olan g\u00f6r\u00fc\u015fmelerdir.<\/p>\n<h2>1. Sekt\u00f6rel De\u011ferlendirme ve \u015eirketin Konumu<\/h2>\n<h3>1.1. D\u00f6k\u00fcm Sekt\u00f6r\u00fcn\u00fcn Genel Durumu<\/h3>\n<p>D\u00f6k\u00fcm sekt\u00f6r\u00fc, imalat sanayinin temel ta\u015flar\u0131ndan biri olarak kabul edilmekte ve \u00fcretilen sanayi mamullerinin %90&#8217;\u0131nda en az bir d\u00f6k\u00fcm \u00fcr\u00fcn\u00fc bulunmaktad\u0131r. T\u00fcrk d\u00f6k\u00fcm sekt\u00f6r\u00fc, Avrupa&#8217;da Almanya&#8217;dan sonra en b\u00fcy\u00fck ikinci \u00fcretici konumuna y\u00fckselerek k\u00fcresel pazarda \u00f6nemli bir yer edinmi\u015ftir. Sekt\u00f6r, \u00fcretiminin yakla\u015f\u0131k %97&#8217;sini otomotiv ve ili\u015fkili sanayilere y\u00f6nlendirmektedir. Sekt\u00f6rdeki g\u00fcncel e\u011filim, otomotiv gibi ana sanayilerin do\u011frudan d\u00f6k\u00fcm par\u00e7a yerine entegre komponent ve sistem sat\u0131n almas\u0131 y\u00f6n\u00fcndedir. Bu durum, d\u00f6k\u00fcm imalat\u00e7\u0131lar\u0131n\u0131n tedarik zincirindeki konumunu birinci kademeden ikinci veya \u00fc\u00e7\u00fcnc\u00fc kademeye kayd\u0131rm\u0131\u015ft\u0131r.<\/p>\n<h3>1.2. Demisa\u015f&#8217;\u0131n Sekt\u00f6rdeki Yeri ve Stratejisi<\/h3>\n<p>Demisa\u015f, \u00fcretti\u011fi \u00fcr\u00fcnlerle otomotiv, so\u011futma, beyaz e\u015fya, makine imalat, hidrolik sistemler ve in\u015faat gibi \u00e7e\u015fitli sekt\u00f6rlere hizmet vermektedir. \u015eirketin stratejik odak alanlar\u0131 \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>So\u011futma Sekt\u00f6r\u00fc:<\/b> Kompres\u00f6r d\u00f6k\u00fcm par\u00e7alar\u0131 \u00fcretiminde d\u00fcnyan\u0131n \u00f6nde gelen tedarik\u00e7ileri aras\u0131nda yer almaktad\u0131r.<\/li>\n<li><b>Otomotiv Sekt\u00f6r\u00fc:<\/b> Teknolojik altyap\u0131 ve uzmanl\u0131k gerektiren sfero d\u00f6k\u00fcm \u00fcretiminde kapasitesini ve pazar pay\u0131n\u0131 art\u0131rm\u0131\u015ft\u0131r. Ayr\u0131ca, vermik\u00fcler d\u00f6k\u00fcm \u00fcretiminde yeni bir pazar olu\u015fturmu\u015ftur.<\/li>\n<li><b>Stratejik B\u00fcy\u00fcme Alanlar\u0131:<\/b> \u015eirket, katma de\u011feri y\u00fcksek ve teknolojik olarak rekabet avantaj\u0131 sa\u011flayacak \u00fcr\u00fcnlere y\u00f6nelmektedir. Bu do\u011frultuda, mevcut otomotiv ve so\u011futma kompres\u00f6rleri sekt\u00f6rlerinin yan\u0131 s\u0131ra, ticari ara\u00e7lar, a\u011f\u0131r vas\u0131ta, hidrolik sistemler, in\u015faat ve demiryolu sekt\u00f6rlerinde de b\u00fcy\u00fcmeyi hedeflemektedir.<\/li>\n<li><b>Katma De\u011fer Art\u0131\u015f\u0131:<\/b> M\u00fc\u015fterilerin bitmi\u015f \u00fcr\u00fcn taleplerine yan\u0131t vermek amac\u0131yla kurulan tala\u015fl\u0131 imalat tesisi, \u015firketin katma de\u011ferini art\u0131rma stratejisinin bir par\u00e7as\u0131d\u0131r.<\/li>\n<\/ul>\n<h2>2. Finansal Performans Analizi (01.01.2025 &#8211; 30.09.2025)<\/h2>\n<p><i>Not: Finansal tablolar, TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama) standard\u0131 uyar\u0131nca enflasyon d\u00fczeltmesi uygulanarak haz\u0131rlanm\u0131\u015ft\u0131r.<\/i><\/p>\n<h3>2.1. Sat\u0131\u015f ve Has\u0131lat<\/h3>\n<p>2025 y\u0131l\u0131n\u0131n ilk dokuz ay\u0131nda sat\u0131\u015f performans\u0131, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re miktar ve d\u00f6viz baz\u0131nda d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015ftir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Metrik<\/td>\n<td>30.09.2025 (9 Ay)<\/td>\n<td>30.09.2024 (9 Ay)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Toplam Sat\u0131\u015f Miktar\u0131<\/td>\n<td>33.394 Ton<\/td>\n<td>\u00d6nceki y\u0131la g\u00f6re %18 d\u00fc\u015f\u00fc\u015f<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>Net Sat\u0131\u015f Has\u0131lat\u0131<\/td>\n<td>2.449.188.176 TL<\/td>\n<td>3.247.974.368 TL<\/td>\n<td>-24,6%<\/td>\n<\/tr>\n<tr>\n<td>Net Sat\u0131\u015f Cirosu (D\u00f6viz)<\/td>\n<td>56,7 Milyon EUR<\/td>\n<td>\u00d6nceki y\u0131la g\u00f6re %39 azal\u0131\u015f<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<tr>\n<td>\u0130hracat Tutar\u0131<\/td>\n<td>660.744.552 TL<\/td>\n<td>810.128.443 TL<\/td>\n<td>-18,4%<\/td>\n<\/tr>\n<tr>\n<td>Tala\u015fl\u0131 Mamul Sat\u0131\u015flar\u0131<\/td>\n<td>227 Milyon TL<\/td>\n<td>Ciro baz\u0131nda %11 azal\u0131\u015f<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Sat\u0131\u015flar\u0131n Sekt\u00f6rel Da\u011f\u0131l\u0131m\u0131 (Tonaj):<\/b><\/p>\n<ul>\n<li><b>Binek ve Hafif Ticari Ara\u00e7lar:<\/b> %78 (25.953 ton)<\/li>\n<li><b>A\u011f\u0131r Ticari Ara\u00e7lar:<\/b> %21 (7.092 ton)<\/li>\n<li><b>So\u011futma Kompres\u00f6rleri ve Di\u011fer:<\/b> %1 (349 ton)<\/li>\n<\/ul>\n<p><b>Ba\u015fl\u0131ca \u0130hracat Pazarlar\u0131 (Tonaj S\u0131ralamas\u0131na G\u00f6re):<\/b> \u0130talya, Polonya, Almanya, Fransa, Tunus, Bel\u00e7ika, \u0130spanya, Romanya, Hollanda, \u00c7ek Cumhuriyeti, Slovakya ve \u0130sve\u00e7.<\/p>\n<h3>2.2. K\u00e2rl\u0131l\u0131k<\/h3>\n<p>\u015eirket, operasyonel k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 art\u0131rmas\u0131na ra\u011fmen y\u00fcksek finansman giderleri nedeniyle net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kar\/Zarar Kalemi<\/td>\n<td>30.09.2025 (TL)<\/td>\n<td>30.09.2024 (TL)<\/td>\n<td>De\u011fi\u015fim<\/td>\n<\/tr>\n<tr>\n<td>Has\u0131lat<\/td>\n<td>2.449.188.176<\/td>\n<td>3.247.974.368<\/td>\n<td>-24,6%<\/td>\n<\/tr>\n<tr>\n<td>Sat\u0131\u015flar\u0131n Maliyeti<\/td>\n<td>(2.223.138.522)<\/td>\n<td>(3.080.183.745)<\/td>\n<td>-27,8%<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td><b>226.049.654<\/b><\/td>\n<td><b>167.790.623<\/b><\/td>\n<td><b>+34,7%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet Kar\u0131<\/b><\/td>\n<td><b>68.596.286<\/b><\/td>\n<td><b>9.313.105<\/b><\/td>\n<td><b>+636,6%<\/b><\/td>\n<\/tr>\n<tr>\n<td>Finansal Giderler<\/td>\n<td>(235.050.712)<\/td>\n<td>(409.727.933)<\/td>\n<td>-42,6%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Zarar\u0131<\/b><\/td>\n<td><b>(93.547.174)<\/b><\/td>\n<td><b>(50.525.963)<\/b><\/td>\n<td><b>+85,1%<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.3. Bilan\u00e7o ve Finansal Yap\u0131<\/h3>\n<p>\u015eirketin toplam varl\u0131klar\u0131 ve \u00f6zkaynaklar\u0131 2024 y\u0131l sonuna g\u00f6re azalm\u0131\u015ft\u0131r. Y\u00fck\u00fcml\u00fcl\u00fcklerin toplam varl\u0131klara oran\u0131 hafif bir d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015ftir.<\/p>\n<p><b>\u00d6zet Bilan\u00e7o (TL):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>D\u00f6nen Varl\u0131klar<\/td>\n<td>998.891.604<\/td>\n<td>1.128.666.601<\/td>\n<\/tr>\n<tr>\n<td>Duran Varl\u0131klar<\/td>\n<td>1.864.401.649<\/td>\n<td>1.990.207.017<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>2.863.293.253<\/b><\/td>\n<td><b>3.118.873.618<\/b><\/td>\n<\/tr>\n<tr>\n<td>K\u0131sa Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>1.340.570.863<\/td>\n<td>1.453.465.849<\/td>\n<\/tr>\n<tr>\n<td>Uzun Vadeli Y\u00fck\u00fcml\u00fcl\u00fckler<\/td>\n<td>170.472.961<\/td>\n<td>219.224.306<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zkaynaklar<\/b><\/td>\n<td><b>1.352.249.429<\/b><\/td>\n<td><b>1.446.183.463<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Kaynaklar<\/b><\/td>\n<td><b>2.863.293.253<\/b><\/td>\n<td><b>3.118.873.618<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Temel Finansal Rasyolar:<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Oran<\/td>\n<td>30.09.2025<\/td>\n<td>31.12.2024<\/td>\n<\/tr>\n<tr>\n<td>Cari Oran<\/td>\n<td>0,75<\/td>\n<td>0,78<\/td>\n<\/tr>\n<tr>\n<td>Toplam Yabanc\u0131 Kaynaklar \/ Pasif Toplam\u0131<\/td>\n<td>0,53<\/td>\n<td>0,54<\/td>\n<\/tr>\n<tr>\n<td>\u00d6zkaynaklar \/ Pasif Toplam\u0131<\/td>\n<td>0,47<\/td>\n<td>0,46<\/td>\n<\/tr>\n<tr>\n<td>Net D\u00f6nem Kar\u0131 \/ Aktif Toplam\u0131<\/td>\n<td>-0,03<\/td>\n<td>-0,03<\/td>\n<\/tr>\n<tr>\n<td>Net D\u00f6nem Kar\u0131 \/ \u00d6zkaynaklar<\/td>\n<td>-0,07<\/td>\n<td>-0,07<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyet Kar\u0131 \/ Net Sat\u0131\u015flar<\/td>\n<td>0,03<\/td>\n<td>0,02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>3. Operasyonel Faaliyetler ve Stratejik Geli\u015fmeler<\/h2>\n<h3>3.1. \u00dcretim ve Kapasite<\/h3>\n<ul>\n<li><b>\u00dcretim Tesisi:<\/b> \u00dcretim faaliyetleri Bilecik, Vezirhan&#8217;da 130.277 m\u00b2 arazi \u00fczerine kurulu, 84.791 m\u00b2 kapal\u0131 alana sahip tesislerde y\u00fcr\u00fct\u00fclmektedir.<\/li>\n<li><b>\u00dcretim Miktar\u0131 (9 Ay 2025):<\/b> 33.092 Ton<\/li>\n<li><b>Kapasite Kullan\u0131m Oran\u0131:<\/b> %64 (Mamul gam\u0131ndaki de\u011fi\u015fikliklere g\u00f6re oran de\u011fi\u015febilmektedir.)<\/li>\n<li><b>Teknoloji:<\/b> Tesis, otomatik kum haz\u0131rlama, kal\u0131plama, d\u00f6k\u00fcm ve ma\u00e7a makineleri i\u00e7eren, bilgisayar proses kontroll\u00fc d\u00f6rt adet kal\u0131plama \u00fcretim hatt\u0131na sahiptir.<\/li>\n<\/ul>\n<h3>3.2. Ara\u015ft\u0131rma ve Geli\u015ftirme (AR-GE)<\/h3>\n<ul>\n<li><b>AR-GE Merkezi:<\/b> \u015eirket, 27.08.2019 tarihinden itibaren Sanayi ve Teknoloji Bakanl\u0131\u011f\u0131 taraf\u0131ndan tescilli bir AR-GE Merkezi stat\u00fcs\u00fcndedir.<\/li>\n<li><b>Hedefler:<\/b> Yeni \u00fcr\u00fcn geli\u015ftirmek, m\u00fc\u015fteri i\u015f hacmini art\u0131rmak, maliyet d\u00fc\u015f\u00fcrmek, i\u015f kazalar\u0131n\u0131 azaltmak i\u00e7in otomasyonu yayg\u0131nla\u015ft\u0131rmak ve d\u00f6k\u00fcm at\u0131klar\u0131ndan geri d\u00f6n\u00fc\u015f\u00fcm sa\u011flamak.<\/li>\n<li><b>Faaliyetler (30.09.2025 itibar\u0131yla):<\/b>\n<ul>\n<li>Toplam 47 proje ba\u015flat\u0131lm\u0131\u015f, 41&#8217;i ba\u015far\u0131yla tamamlanm\u0131\u015ft\u0131r.<\/li>\n<li>7 adet patent, faydal\u0131 model ve tasar\u0131m tescil ba\u015fvurusu bulunmaktad\u0131r. Bunlardan 2&#8217;si patent, 3&#8217;\u00fc faydal\u0131 model olarak tescillenmi\u015ftir.<\/li>\n<li>1 doktora ve 8 y\u00fcksek lisans \u00f6\u011frencisi personel bulunmaktad\u0131r.<\/li>\n<li>Bilecik \u015eeyh Edebali \u00dcniversitesi ile sanayi-\u00fcniversite i\u015f birli\u011fi kapsam\u0131nda proje ve laboratuvar \u00e7al\u0131\u015fmalar\u0131 y\u00fcr\u00fct\u00fclmektedir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>3.3. Yat\u0131r\u0131mlar ve Te\u015fvikler<\/h3>\n<p>\u015eirket, 138463 numaral\u0131 te\u015fvik belgesi kapsam\u0131nda ger\u00e7ekle\u015ftirdi\u011fi yat\u0131r\u0131m harcamalar\u0131 i\u00e7in devlet desteklerinden yararlanmaktad\u0131r. Bu belge, 25.11.2024 tarihine kadar uzat\u0131lm\u0131\u015f olup, s\u00fcresi dolduktan sonra kapama m\u00fcracaat\u0131 yap\u0131lm\u0131\u015ft\u0131r ve s\u00fcre\u00e7 devam etmektedir. Cumhurba\u015fkanl\u0131\u011f\u0131 karar\u0131 uyar\u0131nca, 2023 y\u0131l\u0131 ilk yar\u0131s\u0131nda yat\u0131r\u0131ma katk\u0131 oran\u0131 %40 ve kurumlar vergisi indirimi oran\u0131 %100 olarak uygulanm\u0131\u015ft\u0131r.<\/p>\n<h3>3.4. Esas S\u00f6zle\u015fme De\u011fi\u015fiklikleri ve Sermaye Art\u0131r\u0131m\u0131<\/h3>\n<ul>\n<li><b>Kay\u0131tl\u0131 Sermaye Tavan\u0131:<\/b> 29.05.2024 tarihli Ola\u011fan Genel Kurul&#8217;da al\u0131nan kararla, \u015firketin kay\u0131tl\u0131 sermaye tavan\u0131 200.000.000 TL&#8217;den 400.000.000 TL&#8217;ye \u00e7\u0131kar\u0131lm\u0131\u015ft\u0131r. Bu de\u011fi\u015fiklik 12.06.2024 tarihinde tescil edilmi\u015ftir.<\/li>\n<li><b>\u00c7\u0131kar\u0131lm\u0131\u015f Sermaye Art\u0131r\u0131m\u0131:<\/b> 21.11.2023 tarihli Y\u00f6netim Kurulu karar\u0131yla ba\u015flat\u0131lan s\u00fcre\u00e7 sonucunda, \u015firketin 100.000.000 TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi, %100 oran\u0131nda nakden art\u0131r\u0131larak 200.000.000 TL&#8217;ye y\u00fckseltilmi\u015ftir. Sermaye Piyasas\u0131 Kurulu onay\u0131 07.05.2024&#8217;te al\u0131nm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>4. Risk Y\u00f6netimi<\/h2>\n<p>\u015eirket, faaliyetlerinden kaynaklanan riskleri y\u00f6netmek i\u00e7in kapsaml\u0131 politikalar uygulamaktad\u0131r:<\/p>\n<ul>\n<li><b>Kredi ve Alacak Riski:<\/b> M\u00fc\u015fteri kredi de\u011ferlendirmeleri, kredi limitleri ve hem yurti\u00e7i hem de yurtd\u0131\u015f\u0131 m\u00fc\u015fterileri kapsayan &#8220;Alacak Sigortas\u0131&#8221; poli\u00e7esi ile riskler kontrol alt\u0131nda tutulmaktad\u0131r.<\/li>\n<li><b>Likidite Riski:<\/b> Fonlama kaynaklar\u0131 \u00e7e\u015fitlendirilmekte, yeterli d\u00fczeyde nakit bulundurulmakta ve likidite oranlar\u0131n\u0131n belirlenen limitlerin alt\u0131na d\u00fc\u015fmemesine \u00f6zen g\u00f6sterilmektedir.<\/li>\n<li><b>Kur Riski:<\/b> D\u00f6viz varl\u0131klar\u0131 ve y\u00fck\u00fcml\u00fcl\u00fckleri dengeleyerek s\u0131f\u0131ra yak\u0131n bir d\u00f6viz pozisyonu korunmakta ve gerekti\u011finde t\u00fcrev finansal ara\u00e7lar kullan\u0131lmaktad\u0131r.<\/li>\n<li><b>Faiz Riski:<\/b> Sabit ve de\u011fi\u015fken yap\u0131l\u0131 kaynaklar dengeli bir \u015fekilde kullan\u0131larak faiz oran\u0131 dalgalanmalar\u0131n\u0131n etkisi y\u00f6netilmektedir.<\/li>\n<li><b>Hammadde Fiyat Riski:<\/b> Tedarik\u00e7ilerle yap\u0131lan sabit fiyatl\u0131 veya belirli bir art\u0131\u015f modeline endeksli s\u00f6zle\u015fmelerle yard\u0131mc\u0131 malzeme fiyat riskleri minimize edilmektedir.<\/li>\n<\/ul>\n<h2>5. Kurumsal Bilgiler<\/h2>\n<h3>5.1. Y\u00f6netim Kurulu ve \u00dcst Y\u00f6netim<\/h3>\n<p><b>Y\u00f6netim Kurulu \u00dcyeleri (30.09.2025 itibar\u0131yla):<\/b><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ad\u0131 Soyad\u0131<\/td>\n<td>G\u00f6revi<\/td>\n<td>G\u00f6rev S\u00fcresi Ba\u015flang\u0131\u00e7-Biti\u015f<\/td>\n<\/tr>\n<tr>\n<td>Hayrettin \u00c7AYCI<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan\u0131<\/td>\n<td>29.05.2024 &#8211; 2027 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>Sevg\u00fcr ARSLANPAY<\/td>\n<td>Y\u00f6netim Kurulu Ba\u015fkan Vekili<\/td>\n<td>29.05.2024 &#8211; 2027 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>\u00dcmit ULU\u00c7AM<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>29.05.2024 &#8211; 2027 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>Metin YARA\u015e<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>29.05.2024 &#8211; 2027 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>Tolga ED\u0130Z<\/td>\n<td>Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>29.05.2024 &#8211; 2027 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>Tuncay YILDIRAN<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>16.04.2025 &#8211; 2026 ilk O.G.Kurul<\/td>\n<\/tr>\n<tr>\n<td>Ayhan ZEYT\u0130NO\u011eLU<\/td>\n<td>Ba\u011f\u0131ms\u0131z Y\u00f6netim Kurulu \u00dcyesi<\/td>\n<td>16.04.2025 &#8211; 2026 ilk O.G.Kurul<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>\u00dcst Y\u00f6netim:<\/b><\/p>\n<ul>\n<li><b>Rasim TEK\u0130N:<\/b> Mali Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131<\/li>\n<li><b>Murat Kansu KARACA:<\/b> Ticari Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131<\/li>\n<li><b>Engin KARACA:<\/b> Teknik Genel M\u00fcd\u00fcr Yard\u0131mc\u0131s\u0131<\/li>\n<\/ul>\n<h3>5.2. \u0130nsan Kaynaklar\u0131 ve Toplu \u0130\u015f S\u00f6zle\u015fmesi<\/h3>\n<ul>\n<li><b>Personel Say\u0131s\u0131 (30.09.2025):<\/b> Toplam 538 ki\u015fi.\n<ul>\n<li>\u0130\u015f\u00e7i: 449<\/li>\n<li>\u0130dari Personel: 48<\/li>\n<li>Teknik Personel: 41<\/li>\n<\/ul>\n<\/li>\n<li><b>E\u011fitim:<\/b> Ki\u015fi ba\u015f\u0131na ortalama e\u011fitim s\u00fcresi 9,84 saat\/ki\u015fi olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Toplu \u0130\u015f S\u00f6zle\u015fmesi:<\/b> MESS (i\u015fveren sendikas\u0131) ile Birle\u015fik Metal \u0130\u015f\u00e7ileri Sendikas\u0131 aras\u0131nda 1 Eyl\u00fcl 2023 \u2013 31 A\u011fustos 2025 d\u00f6nemini kapsayan Toplu \u0130\u015f S\u00f6zle\u015fmesi sona ermi\u015ftir. Yeni d\u00f6nem g\u00f6r\u00fc\u015fmeleri <b>13 Ekim 2025<\/b> tarihinde ba\u015flayacakt\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"391\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Bir Faaliyet Raporunun Perde Arkas\u0131: Bir Sanayi Devi Olan Demisa\u015f&#8217;tan \u0130\u015f D\u00fcnyas\u0131na Dair 3 \u015ea\u015f\u0131rt\u0131c\u0131 Ders Giri\u015f: Rakamlar\u0131n \u00d6tesindeki Hikaye Kurumsal faaliyet raporlar\u0131 ve finansal tablolar, \u00e7o\u011fu zaman rakamlar, tablolar ve yasal beyanlarla dolu, anla\u015f\u0131lmas\u0131 g\u00fc\u00e7 ve kuru belgeler olarak&#8230; <\/p>\n","protected":false},"author":1,"featured_media":413,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[80],"class_list":["post-391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-dmsas"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=391"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/391\/revisions"}],"predecessor-version":[{"id":414,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/391\/revisions\/414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/413"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}