- Business
- Kuangda Technology Group Co., Ltd. Kuangda Technology Group Co., Ltd. (002516.SZ) engages primarily in the research, development, manufacture, and sale of automotive interior fabrics and related materials in China and internationally. The company operates through Automotive Supplies and Power Business segments, offering core products including woven fabrics, warp knitted fabrics, weft knitted fabrics, chemical fiber products, microfiber suede, ecological synthetic leather, environmental polyester, seat covers, door panels, roofs, and automotive cabin comfort systems; it also provides photovoltaic power generation and invests in RF filters through its joint venture Sito Microelectronics Technology (Anhui) Co., Ltd., which manufactures and sells SAW filters for 5G applications. Founded in 1993 and headquartered in Changzhou, Jiangsu Province, China, at No. 1 Kuangda Road, Panjia, Xueyan Town, Wujin District, the company targets automotive original equipment manufacturers and aftermarket customers, with operations spanning the full industrial chain from spinning to finishing and recognition as a national high-tech enterprise and top supplier in China's automotive parts and industrial textiles sectors. In recent developments, its controlling shareholder Shen Jieliang agreed in November 2025 to transfer 28% of the company's shares, or 412 million shares, to Zhuzhou Qichuang—a platform of Hunan High-Tech Investment Holding Group Co., Ltd.—for 2.22 billion yuan at 5.39 yuan per share, pending final regulatory approvals and representing a major shift toward state-owned investment influence. Previously known as Jiangsu Kuangda Automobile Textile Group Co., Ltd. until its name change in August 2015, the firm listed on the Shenzhen Stock Exchange in 2010, expanded into new energy with photovoltaic operations in 2013, and continues to innovate in sustainable interior materials amid China's growing new energy vehicle production.