Sijin Intelligent Forming Machinery Co., Ltd. Class A
SSZSE:00302512.25
CNY
+0.50
(+4.26%)
ISIN
CNE100004967
Return %
Stock
S&P 500
1Y
-9.86
13.14
3Y
35.99
80.78
5Y
10.58
67.74
Capital Structure
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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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in mil. unless spec.Company Description
- CEO
- Zhong Ming Li
- Full Time Employees
- 459
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- No.1832 Jiangnan Road Ningbo ZH China 315048
- IPO Date
- Dec 11, 2020
- Website
- sijin.cc
- Similar Companies
- Business
- Sijin Intelligent Forming Machinery Co., Ltd. is a high-tech enterprise specializing in the research, development, manufacturing, and sales of multi-station high-speed automatic cold forming equipment and die-casting machines. The company’s core products include cold forging machines, bolt formers, nut formers, part formers, one-die two-blow forging machines, and both hot chamber and cold chamber die casting machines. These products serve industries requiring fasteners and special-shaped parts production, with equipment ranging from cold heading machines to multistation high-speed screw forming equipment. Sijin operates primarily out of its headquarters in Ningbo National Hi-tech Zone, Zhejiang, China, with a manufacturing facility encompassing advanced CNC machining equipment and three-dimensional testing technology to ensure precision and quality. Founded in 1993, Sijin has established itself as a leading domestic manufacturer of cold forging machinery, recognized through various national and provincial awards including National Key New Products and Famous Brand Products of China’s Machinery Industry. The company collaborates closely with academic and research institutions such as the China Academy of Machinery Science & Technology and Zhejiang University to enhance its technological capabilities. Sijin's equipment supports the production of stainless steel bolts, nuts, and a broad range of precision fasteners, supplying both domestic and international manufacturing markets. In recent developments, the company has implemented an equity buyback program valued at CNY 50 million aimed at strengthening shareholder value. It has also introduced innovations such as the fastener former with a longitudinal 90-degree turnover mechanism, redefining eye bolt production, alongside zero clearance multi-station cold forging machines capable of producing punched parts with high length-to-diameter ratios. Despite a challenging market environment leading to a net profit drop of approximately 39.4% in the first three quarters of 2023, Sijin continues to expand its R&D efforts and production capabilities, maintaining its position as a technological leader in the cold forming machinery industry. Sijin's core business segments encompass cold forging and die-casting machinery manufacturing, serving target markets including fastener manufacturers and automotive, electronics, and general industrial sectors across China and abroad. The company’s strategic focus remains on product innovation, quality enhancement, and integration of automated high-speed forming equipment to meet evolving industry demands while ensuring operational excellence and customer service through a skilled after-sales team. Sijin Intelligent Forming Machinery leverages its national high-tech enterprise status, provincial engineering and technology centers, and participation in major national science and technology projects to drive continuous innovation and maintain competitive advantage in the precision machinery manufacturing industry within China and selected export markets.