Ningbo Yibin Electronic Technology Co. Ltd. Class A
SSZSE:00127815.89
CNY
+0.45
(+2.91%)
ISIN
CNE1000061F1
Return %
Stock
S&P 500
1Y
-15.66
13.14
3Y
-30.61
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Jian Hua Wang
- Full Time Employees
- 3,257
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Cixi China
- IPO Date
- Mar 8, 2023
- Website
- iyu-china.com
- Similar Companies
- Business
- Ningbo Yibin Electronic Technology Co., Ltd. designs, develops, manufactures, and sells automotive components, assemblies, and electronic systems for passenger vehicles, serving both internal combustion engine vehicles and new energy vehicles. Founded in 2006 and headquartered in Ningbo, China, the company operates across several primary product segments: Interior and Exterior Plastic Trim Systems, comprising instrument panel assemblies, center consoles, sub-meter boards, A/B/C-pillar trim panels, air conditioning vent outlet assemblies, door decorative panels, engine compartment covers, car seat back panels, exterior water channel moldings, and trunk trim components; Automotive Metal and Mechanical Components, comprising battery protection enclosures, engine mounting brackets, small stamping parts, welding bracket assemblies, nut plates, parking handbrake levers, shift control mechanisms, and crash boxes; Automotive Electronics and Lighting Systems, comprising printed circuit board assemblies, interior ambient mood lighting, overhead dome lamps, and electronic control modules; New Energy Vehicle Components, comprising high-voltage conductive copper busbars, motorized charging port doors, battery pack structural housings, and thermal management shields; and Tooling and Advanced Materials, comprising customized high-precision injection molds and modified polypropylene composite materials. Additionally, the company conducts research and development in intelligent industrial equipment, including smart laser weeding robotic systems. Ningbo Yibin Electronic Technology supplies major automotive original equipment manufacturers and tier-one suppliers, including BYD, Dongfeng Honda, GAC Honda, Geely Automobile, Dongfeng Motor, and FAW Group. The company maintains an extensive network of manufacturing, assembly, and sales subsidiaries across major Chinese automotive production hubs, including Changchun, Shenyang, Zhengzhou, Wuhan, Guangzhou, Foshan, Qingyuan, Tianjin, Chengdu, Yangzhou, and Huzhou, while distributing select components to international markets across Europe and the Americas. In recent developments, Ningbo Yibin Electronic Technology has executed strategic adjustments to accelerate its transition toward the new energy vehicle sector and domestic automotive manufacturers. The company restructured the technical and capacity allocation of its core capital expenditure program for its annual nine-million-set automotive parts manufacturing project, optimizing target output to 7.5 million sets of interior and exterior plastic parts, 1.5 million sets of automotive electronics, 250 precision tooling mold sets, and 13,333 tons of modified polypropylene materials to fulfill dedicated electric vehicle supplier orders. Furthermore, the company secured multiple multi-year component nomination contracts from leading domestic electric and hybrid vehicle manufacturers for integrated dashboard assemblies, smart pillar modules, and high-voltage connection components. Operationally, the company initiated internal corporate restructuring by absorbing and consolidating select wholly-owned regional manufacturing subsidiaries to streamline management hierarchies, cut operational overhead, and enhance manufacturing integration. Concurrently, Ningbo Yibin Electronic Technology continues to expand its automation capabilities, advance its proprietary automotive electronics patent portfolio, and broaden its product mix toward high-margin smart cockpit components and specialized electric vehicle power distribution parts.