- CEO
- Hai Bo Wang
- Full Time Employees
- 341
- Sector
- Technology services
- Industry
- Information technology services
- Address
- No. 130, Jinnuo Road Weihai SD China 264205
- IPO Date
- Jun 13, 2008
- Business
- Weihai Huadong Automation Co., Ltd (002248.SZ) manufactures and sells computerized numerical control (CNC) machine tools, general machine tools, and key functional components principally in China with exports to international markets; core products encompass CNC gantry milling machines and gantry machining centers (incorporating German SCHIESS technology with capabilities up to 9 meters wide and 30 meters long), CNC gantry grinders and rail grinders (recipient of China's National 04 Major Science and Technology Project), CNC cylindrical grinders, high-precision CNC vertical grinders and wheel head moving cylindrical grinders, surface grinders including saddle moving and planer types, universal rocker arm milling machines, vertical and horizontal machining centers (drawing on Japanese technology for automotive and engineering machinery applications), CNC lathes, dynamic and static pressure spindles, turret mills, composite grinders, and ancillary items such as cutting tools, machine tool accessories, hydraulic and pneumatic components, motors, and industrial automation instruments. Founded in March 2002 with roots tracing to 1969 via predecessor Weihai Machine Tool Factory, the company--headquartered at No. 698 Huanshan Road in Weihai, Shandong Province, China--transforms from general machine tools into high-precision CNC production post introduction of investor Shandong Hi-Tech Venture Capital Co., Ltd., lists on the Shenzhen Stock Exchange SME board in June 2008, and sustains R&D focus as a recognized high-tech enterprise serving domestic (70% of sales) and overseas clients including partnerships with Germany's KNUTH and OPTIMUM, Mexico's SATURNO, MAINCASA, WESTON, ARIES, Austria's BERNARDO, and US's MSC GRIZZLY. Recent developments feature release of the 2025 half-year report disclosing revenue growth to CNY 174 million (up 14.63% year-over-year) amid net profit attributable to shareholders of CNY 5.65 million (down 31.92%), alongside heightened holdings in financial products and ongoing international market expansion commitments for 2025.