- Business
- Voneseals Technology (Shanghai) Inc. (301161.SZ) engages in the research, development, production and sale of hydraulic and pneumatic sealing products primarily in China; its core offerings include hydraulic seals and packages, pneumatic seals, oil seals, mine seals, track seals and other specialized hydraulic seal products applied in hydraulic cylinder sealing systems for excavators, cranes, loaders, breakers and engineering machinery as well as hydraulic support and pneumatic sealing systems for coal mining machines. Founded in 2008 and headquartered in Shanghai's Pudong New Area, the company serves industries such as construction equipment, automotive, mining, oil and gas; it maintains subsidiaries including Weiman Technology Co., Ltd., recognized as a national Specialized, Special and New "Little Giant" enterprise in 2025, and JST Seals Technology, which signed a five-year warehouse lease in Dammam, Saudi Arabia, to support international expansion. Recent developments encompass the full acquisition of a sealing materials-making subsidiary for 204 million yuan, completion of a 20 million yuan share repurchase program acquiring 800,000 shares in early 2025, announcement of a first-phase employee shareholding plan raising up to 9.6 million yuan, and plans to acquire a 51% stake in Shanghai Garnor Seals Technology Co., Ltd., alongside robust financial performance with first-quarter 2025 net income rising 33.48% year-over-year to 24.77 million yuan.