- Business
- Ningbo Haitian Precision Machinery Co., Ltd. (601882:SHH) manufactures and sells computer numerical control (CNC) machine tools in China and internationally. The company offers a comprehensive portfolio of products, including vertical machining centers, horizontal machining centers, gantry machining centers, double-column machining centers, CNC lathes and turning centers, CNC horizontal milling-boring machines, and CNC vertical lathes; these solutions, marketed under the Hision brand, serve industries such as automotive, rail transit, civil aviation, mold manufacturing, engineering machinery, shipbuilding, and general mechanical manufacturing. It provides after-sales services, overhaul support, spare parts, and customer training through an extensive network of sales and service partners worldwide. Founded in 2002 and headquartered in Ningbo, China, with manufacturing bases in Ningbo Dagang, Ningbo Yanshan, Dalian, and Ningbo high-end intelligent production facilities spanning over 500,000 square meters and nearly 1,900 employees, the company listed on the Shanghai Stock Exchange in November 2016. Ningbo Haitian Precision Machinery operates as a division of the Haitian Group and maintains high vertical integration for quality control and customized solutions. In recent developments, the company expanded into Europe by establishing its first subsidiary in Germany in September 2024, following entries in the Czech Republic in 2020 and an Application Center in Turkey in 2023; it also hosted factory open days in Ningbo and Dalian in 2025, delivered its 20,000th vertical machining center, and launched targeted new products like the GU HS Series Gantry Machining Center amid ongoing customer training and innovation initiatives. US exports accounted for less than 1% of 2024 revenue, minimizing tariff policy impacts.