Luoyang Bearing Group Co. Ltd.
301699.SZ
Shenzhen Stock Exchange37.76
CNY
+0.05
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Luoyang Bearing Group Co. Ltd.
301699.SZ
(Shenzhen Stock Exchange)
Recent
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37.76
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Luoyang Bearing Group Co. Ltd. manufactures and supplies industrial bearings and power transmission components, providing comprehensive bearing solutions and related engineering services to customers in China and international markets. The company operates as a world-class bearing manufacturer with extensive product breadth, deep engineering capabilities, and integrated design, manufacturing, testing, and after‑sales support offerings. Luoyang Bearing Group’s main products comprise ball bearings; roller bearings; slewing bearings; and specialized application bearings for heavy industry and transportation sectors. Its ball bearing portfolio includes deep groove ball bearings; self‑aligning ball bearings; angular contact ball bearings; thrust ball bearings; and thin‑section ball bearings, serving high‑speed rotating machinery, electric motors, automotive systems, and precision equipment applications. The roller bearing lineup covers cylindrical roller bearings; spherical roller bearings; tapered roller bearings; needle roller bearings; thrust roller bearings; and sealed four‑row tapered roller bearings, used in rolling mills, industrial transmissions, construction machinery, mining and coal equipment, and heavy‑duty gearboxes. The company produces large‑diameter slewing bearings and split bearings for wind power equipment, marine and offshore machinery, harbor cranes, material‑handling systems, and large rotating structures, with outer diameters extending up to 13.5 meters and individual assemblies reaching approximately 32 metric tons and several thousand components per unit. Additional specialty product categories include railway bearings; machine tool bearings; automobile bearings; clutch bearings; spherical plain bearings; rolling‑mill bearings; and bearings tailored for aviation and aerospace, medical equipment, food processing, paper making, and agricultural machinery. The company also provides design and development services; engineering consulting; testing and evaluation of bearing performance; and after‑market services including inspection, maintenance, and replacement solutions, positioning itself as an integrated solutions provider rather than a pure component supplier. Luoyang Bearing Group operates across multiple industrial segments, including metallurgical equipment; energy and power generation (with a focus on wind power); railway and transportation; machine tools and industrial machinery; harbor and port equipment; automotive and commercial vehicles; aerospace and aviation; agriculture; and construction machinery. Its bearings are deployed in cars, trucks and buses; coal and mining equipment; marine vessels; material‑handling systems; electric motors; industrial transmissions; and medical devices, serving OEMs, system integrators, and industrial end users requiring high‑reliability rotating components. The company targets domestic Chinese customers and international clients, marketing its products to global industrial and transportation sectors under the LYC brand. The company maintains large‑scale manufacturing operations in Luoyang, Henan Province, China, with its first plant located in the Jianxi District and a second major plant in the New Industrial Park in Luoyang. Its initial facility covers approximately 1,000,000 square meters, while the newer industrial park facility spans about 667,000 square meters, supporting mass production of standard bearings and customized large‑size products. Luoyang Bearing Group employs more than 1,000 engineering personnel and around 7,000 manufacturing associates, reflecting significant in‑house technical expertise and production capacity. The company holds multiple quality assurance certifications, including ISO 9001, ISO 14001, OHSAS 18001, TS16949, AS9100B, and AAR, enabling supply into automotive, aerospace, railway, and other regulated sectors that require audited quality systems. Luoyang Bearing Group Co. Ltd. was originally established in 1954 and is headquartered in Luoyang, China, with its registered address at 96 Jianshe Road, Jianxi District, Luoyang, Henan, China. Some financial data providers reflect an incorporation date of December 6, 2004, corresponding to a later corporate restructuring or re‑registration of the current listed entity, while the operational heritage of the bearing group dates back to 1954. Luoyang Bearing Group is listed on the Shenzhen Stock Exchange under the ticker 301699, trading in CNY and categorized in producer manufacturing and industrial machinery‑related sectors. The company’s equity is widely held, with Luoyang GuoHong Investment Holding Group Co. Ltd. identified as a major shareholder with approximately 31% ownership, indicating a significant state‑linked or institutional backing. The listed entity is commonly referred to as Luoyang Bearing Group Co. Ltd. or Luoyang Bearing Co., and operates under the LYC Bearing brand in industry and marketing materials. In the latest available period, Luoyang Bearing Group has continued to expand its product range in large‑size, high‑precision bearings and power transmission components for wind power, railway, and heavy industry applications, supported by its advanced testing and R&D capabilities and P2‑class precision offerings. The company emphasizes fully integrated solutions, combining design, development, manufacturing, testing, and after‑market service, marking a strategic shift from purely standardized bearing supply toward solution‑based engineering partnerships with key customers in energy and transportation sectors. Over the last one to two years, the group has operated as a publicly listed company on the Shenzhen Stock Exchange under ticker 301699, providing greater access to capital and visibility to investors, and aligning its corporate structure with capital‑market requirements while maintaining its long‑standing industrial footprint in Luoyang. The company’s recent financial disclosures indicate ongoing sales and net income generation across its diversified bearing portfolio, underpinning continued investment in production capacity and product innovation, although specific recent funding rounds, acquisitions, or named strategic alliances are not publicly detailed in major financial data sources.