- Business
- Jiangsu Liance Electromechanical Technology Co., Ltd. (688113.SS) manufactures and sells power system intelligent test equipment and provides related test verification services. Founded in 2002 and headquartered at No. 2368-2370 West Renmin Road, Qidong City, Nantong, Jiangsu Province, China, the company operates primarily in the power systems testing sector for new energy vehicles, conventional fuel vehicles, marine engines, and aviation engines; its offerings include test benches, test lines, test support equipment, environmental inspection systems, and equipment upgrades and modifications; power system test verification services encompass customized durability testing, performance testing, and calibration testing for powertrains, engines, gearboxes, and related components. The company serves major clients such as SAIC Motor, GAC Group, Huawei Technologies, Weichai Power, Geely Group, China Automotive Technology and Research Center, Weichai Heavy Machinery, China State Shipbuilding Corporation, and Aero Engine Corporation of China affiliates including China Aviation Power Southern Industry and Hunan Power Machinery Research Institute; it maintains wholly-owned subsidiaries Nantong Changce Electromechanical Equipment Co., Ltd., Shanghai Qichangshen Electromechanical Equipment Co., Ltd., and Liance Technology (Hong Kong) Co., Ltd., alongside controlling stakes in Shenzhen Depuxin Technology Co., Ltd. and Suzhou Seedek Measurement and Control Technology Co., Ltd. Jiangsu Liance conducts business mainly in China with exports to Southeast Asia, the Middle East, and South Asia, holding certifications including ISO9001:2015, ISO14001, ISO45001:2018, and CNAS laboratory accreditation. Recent developments include the completion of the Jiangsu Liance R&D Center Upgrade and Renovation Project with surplus funds allocated to working capital; an ongoing share repurchase program initiated in April 2025 targeting 10-20 million RMB for employee stock ownership plans, with initial tranches completed including 4,000 shares in August 2025 and additional purchases through October 2025; termination of the Aviation Power System Intelligent Testing Equipment R&D and Manufacturing Project in late 2024 with reallocation of raised funds; and sustained strategic collaborations with SGS for product certification internationalization, China Automotive Research institutes, and domestic universities.