- Business
- Hangzhou XZB Tech Co., Ltd. (603040.SS) is a China-based manufacturer specializing in the research, development, production, and sale of precision components for automotive and other industries; its core products include valve keys, valve spring retainers, hydraulic lash adjusters, roller finger followers, mechanical valve tappets, transmission parts, and other cold-formed precision parts used in automobiles, motorcycles, power tools, household appliances, machinery, military, aerospace, electric power, shipbuilding, metallurgy, and petrochemical sectors. Founded in 2002 and headquartered at No. 18 Longtan Road, Cangqian Industrial Zone, Yuhang District, Hangzhou, Zhejiang Province, China, the company operates primarily in domestic and international markets with approximately 786 employees and serves as a subsidiary of Hangzhou Zuofeng Investment Management Co., Ltd. In recent developments, Hangzhou XZB Tech completed an equity buyback program announced on February 1, 2024, which expired in January 2025; launched a 2024 employee stock ownership plan; provided funding of approximately $8 million to its Hong Kong-based affiliate XZB Holding (Hong Kong) Limited in April of the prior year; and reported robust financial performance in 2025, including first-half revenue of CNY 390 million (up 18.85% year-over-year) and net profit attributable to the parent of CNY 142 million (up 27.42%), alongside Q3 results contributing to nine-month net profit growth of 29.41%, driven by strong demand in the auto components sector.