Zhejiang Shibao Co. Ltd. Class A
3.31
HKD
-0.13
(-3.92%)
ISIN
CNE1000004W6
Return %
Stock
S&P 500
1Y
-29.27
14.20
3Y
66.33
81.12
5Y
106.88
68.34
Capital Structure
CNY
•
in mil. unless spec.Working Capital
CNY
•
in mil. unless spec.Growth Rates
CNY
•
in mil. unless spec.Quarterly Revenue
CNY
•
in mil. unless spec.Quarterly Earnings Per Share
CNY
•
in mil. unless spec.Quarterly Dividends Per Share
CNY
•
in mil. unless spec.Company Description
- CEO
- Bao Yi Zhang
- Full Time Employees
- 2,596
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- No. 6, 17th Avenue Hangzhou ZH China 310018
- IPO Date
- May 16, 2006
- Website
- zjshibao.com
- Similar Companies
- Business
- Zhejiang Shibao Company Limited, founded in 1984 and headquartered in Hangzhou, China, specializes in the research, development, manufacturing, and sales of automobile steering gears and related steering system components. The company's main product portfolio includes electric recirculating ball (RCB) steering systems, electric power steering (EPS) systems for passenger vehicles such as C-EPS, P-EPS, DP-EPS, and HPS, hydraulic power recirculating ball steering systems, rack and pinion steering systems, steering boosters, and control valves. Zhejiang Shibao supplies these products primarily to automobile manufacturers, focusing on both fuel vehicles and new energy vehicles, with a strong presence in the Chinese automotive supply chain and partnerships with major automakers including Changan Ford and Daimler. In recent developments, Zhejiang Shibao completed a share reduction plan by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., reducing its stake by 2% through block trading, which affects the company's shareholder structure and market dynamics as of late 2025. The company also held a successful extraordinary general meeting in November 2025, approving governance amendments and appointing an independent non-executive director to enhance operational efficiency. Strategically, the company continues to invest substantially in R&D, dedicating over 4% of annual turnover to innovations in intelligent steering systems, such as wire-controlled steering and rear-wheel steering, strengthening its position in providing advanced safe, comfortable, and intelligent steering technologies. Zhejiang Shibao is recognized as a leading participant in the formulation of steering gear standards in China and has repeatedly received industry honors for innovation and supply chain excellence. The company operates within the automotive industry segments of steering system parts manufacturing and supply, targeting OEMs of passenger and commercial vehicles primarily in China but with implications for broader markets through its technological advancements and partnerships. Zhejiang Shibao maintains subsidiaries focused on product diversification, including commercial vehicle steering gears and modular steering system components. Its ongoing strategic focus includes expanding product offerings in electric power steering systems to support new energy vehicle markets alongside traditional automotive segments. Zhejiang Shibao's reputation as one of China's top automotive parts suppliers is underscored by its accolades from major automobile manufacturers and its integral role in the automotive steering gear industry.