- Business
- Zhejiang Liming Intelligent Manufacturing Co., Ltd. (603048.SS) manufactures and sells precision automotive components, specializing in engine valve train parts and related precision forgings for the global auto industry. Founded in 1997 and headquartered in Zhoushan, Zhejiang Province, China, the company produces valve spring retainers, valve spring lower seats, valve lock keys or clips, sealing plugs, signal panels, valve bridges, tappets, pushrods, sheaths, valve caps, ball heads, ball sockets, transmission and gearbox parts, piston cooling nozzles, and fine blanking components; it serves over 80 major customers including engine makers like Dongan Power, Yunnei Power, Yuchai, and FAW Jiefang, with products maintaining leading domestic market shares and earning more than 150 customer quality awards. The company operates primarily in China with international sales, employs over 1,300 staff including more than 100 engineers, holds 91 patents, and maintains certifications including IATF16949, ISO14001, and ISO45001. In 2025, Zhejiang Liming reports first-half net profit growth of 14.65% year-over-year to 29.67 million yuan; plans overseas expansion by investing up to $15 million in wholly-owned subsidiaries in Hong Kong, Singapore, and the United States to establish a U.S. production base and enhance global manufacturing; opens a Guangzhou office to improve service for southern China customers; launches CRM and Feishu systems for digital transformation in sales and collaboration; and hosts industry visits such as from Jilin University's School of Automotive Engineering while its Chongqing friction materials division exhibits at the 2024 Dongguan International Fastener Expo.