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  4. Changzhou NRB Corporation
  5. Changzhou NRB Corporation Business Report FY ended Dec. 2023

Changzhou NRB Corporation Business Report FY ended Dec. 2023

Financial Overview

 (CNY millions)
FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 Rate of Change (%) Factors
Sales 1,487.85 1,622.34 (8.29)

-Affected by the adverse environment inside and outside China, the sharp rise in prices of raw material and export logistics had a major impact on bearing sales.
Operating income (268.38) (111.24) -
Ordinary income (266.99) (80.93) -
Net income (249.07) (81.24) -

Orders

Date OEM Order content
Nov. 2022 Chinese New Energy Vehicle (NEV) manufacturers Front hub unit assembly for New Energy Vehicles (NEVs)
Nov. 2022 Magna PT Powertrain (Jiangxi) Rotor shaft
Nov. 2022 Chinese New Energy Vehicle (NEV) manufacturers 8 types of reduction gear dedicated bearings
Sep. 2022 Wuhu Acteco Powertrain Deep groove ball and tapered roller bearing products for HEV transmission projects
Sep. 2022 New Energy Vehicle (NEV) manufacturers Hollow motor shaft for 200KW, 165KW, 120KW oil-cooled motor projects
Aug. 2022 Geely Everest project gear hub parts
Mar. 2022 HYCET Transmission Technology Electric drives and hybrid systems for Great Wall Motor's DHT project.
Jan. 2022 BorgWarner Double clutch modules, release bearings

Patents

-Through 2022, the company has 38 invention patents (26 for Guangyang site, 11 for Tianhai site, and 1 for Shiyi site), 341 utility model patents (209 for Guangyang site and 132 for Tianhai site) and 6 appearance patents (Tianhai site).

R&D Expenditure

 (CNY millions)
FY ended Dec. 31, 2022 FY ended Dec. 31, 2021 FY ended Dec. 31, 2020
R&D Expenditure 79.19 62.90 56.05
R&D expenses as percent of Sales (%) 5.32 3.88 3.91

-As of Dec. 31, 2022, the Company has 414 R&D staff, accounting for 11.79% of the total staff.

R&D Facilities

-The Company has R&D centers in Changzhou (170 R&D personnel) and Tianjin (120 R&D personnel), as well as the Jiangsu Provincial High Precision Bearing Engineering Technology Research Center, and a nationally accredited research facility.

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
infoshanghai@marklines.com
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779