Xuchang Yuandong Drive Shaft Co., Ltd. Class A
SSZSE:0024066.29
CNY
+0.10
(+1.62%)
ISIN
CNE100000P77
Return %
Stock
S&P 500
1Y
-17.02
13.14
3Y
0.16
80.78
5Y
9.39
67.74
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Ya Xue Liu
- Full Time Employees
- 2,310
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- No. 1699, North Section of Weiwu Avenue Xuchang HN China 461111
- IPO Date
- May 4, 2010
- Website
- yodonchina.com
- Similar Companies
- Business
- Xuchang Yuandong Drive Shaft Co Ltd (002406.SZ) engages primarily in the research, development, production and sale of non-constant velocity transmission shafts, constant velocity drive shafts and related components for commercial vehicles, passenger cars, engineering machinery, loaders, cranes and special vehicles. The company's core products encompass four series of non-constant velocity drive shafts covering heavy-duty, medium-duty, light-duty and engineering applications with more than 8,000 varieties and an annual production capacity of six million units; constant velocity drive shafts mainly for new energy vehicles and passenger cars with capacity expansion plans to two million units annually; drive shaft assemblies including universal joints and center bearings; and forged parts with annual output of 150,000 tons. It operates production facilities equipped with 1,200 sets of professional equipment and 162 U-shaped CNC production lines, serving domestic original equipment manufacturers such as SAIC-GM-Wuling, Jiangling and BAIC alongside international exports to markets including the United States. Founded in 1953 and recognized by China's Ministry of Machinery as the first professional drive shaft manufacturer in 1969, the company restructured into a limited liability entity in 2004, listed on the Shenzhen Stock Exchange in 2010 and maintains headquarters at No. 1699, North Section of Weiwu Avenue, Jian'an District, Xuchang City, Henan Province, China. In December 2022, Xuchang Yuandong announced plans to invest approximately CNY 50 million to acquire a 60.98% equity stake in Henan Sanjia Automotive Parts Co Ltd, a specialist in drive shaft assemblies, through capital increases to strengthen capabilities in universal joints and center bearings; it previously acquired a 54.73% stake in joint venture Xuchang Qianchao Yuandong Auto Parts Co Ltd from partner Wanxiang Qianchao Co Ltd in June 2018 for CNY 14.81 million. The company continues expansion into new energy vehicle supply chains, reporting sales of CNY 1.22 billion in automotive parts for fiscal 2024 with foreign revenue rising to CNY 145 million, and maintains active R&D collaborations including the Henan Province Auto Parts Intelligent Heat Treatment Technology Academician Workstation.