- Business
- Sichuan Haowu Electromechanical Co., Ltd. Sichuan Haowu Electromechanical Co., Ltd. (000757.SZ) engages primarily in the research, development, manufacturing, and sales of internal combustion engine crankshafts and related auto parts in China, alongside passenger car sales, automotive aftermarket services, and repair and maintenance operations. The company produces crankshafts for passenger cars, commercial vehicles, construction machinery, agricultural machinery, motorcycles, and motor shafts for new energy vehicles; it also distributes cars, provides auto fitting sales, extended warranty agency services, insurance agency, car loan agency, licensing services, used car replacement and evaluation, and motor vehicle auctions. Founded in 1997 with roots tracing back to the Sichuan Agricultural Tool Factory established in 1956, the company is headquartered at TEDA Times Center, Building 1, 9th Floor, Unit 4, No. 1288 North Section of Tianfu Avenue, High-tech Zone, Chengdu, Sichuan Province, China, and operates mainly within the domestic Chinese market as a key player in the auto parts sector under the control of Tianjin Rongcheng Bussan Group. Recent developments include the investment of 200 million yuan by its wholly-owned subsidiary Jinhong Company to build a new crankshaft production line supporting new energy vehicle components and supplying products for the entire series of SERES (formerly SF Motors) Aito models; ongoing share repurchase programs, with cumulative repurchases reaching approximately 1.83% of total share capital by March 2025 at prices between 2.35 and 4.26 yuan per share; plans to introduce the Xiaomi new energy vehicle brand by the end of 2024 while optimizing brand structure through store closures and transfers; and strong financial performance with net profit surging 265.50% year-over-year to 30.4317 million yuan in the first half of 2025.