- Business
- Jiangsu Tongli Risheng Machinery Co., Ltd. Jiangsu Tongli Risheng Machinery Co., Ltd. (605286.SS) engages primarily in the research, development, manufacture, and sale of elevator components and elevator metal materials in China, with products applied in subways, high-speed railways, airports, residential buildings, shopping malls, and public welfare facilities. The company offers three main product categories: escalator parts including skirts, covers, railings, handrail rotations, drive assemblies, handrail guide rails, and stairway guide rails; elevator parts encompassing guide rail brackets, traction machine brackets, counterweight frames, protective screen assemblies, buffer brackets, car upper and lower beams, straight beams, car tops and bottoms, and car bottom brackets; and elevator metal materials comprising customized stainless steel segments for elevator manufacturers. Founded in 2003 and headquartered in the Economic Development Zone, Liuwei Road, Danyang City, Zhenjiang, Jiangsu Province, China, the company employs approximately 1,730 people and generates trailing twelve-month revenue of CNY 2.21 billion primarily from the domestic market. In August 2018, Jiangsu Tongli Machinery Co., Ltd. underwent an internal shareholding reform and changed its name to Jiangsu Tongli Risheng Machinery Co., Ltd.; the company listed on the main board of the Shanghai Stock Exchange in March 2021. More recently, it signed an equity transfer agreement to acquire a 33.77% stake in Beijing Tianqi Hongyuan New Energy Technology Co., Ltd., and in August 2024 announced changes to its registered capital and business scope.