Zhejiang Asia-Pacific Machine & Electric Co., Ltd. FY2009

Business Highlights

Listing of Stock

-On August 27, the Company was listed on the Shenzhen Stock Exchange((From an announcement by the company, August 27, 2009)

New Subsidiary

- The Company will establish a wholly owned subsidiary, which is tentatively called Chongqing Asia-pacific Automobile Chassis Co., Ltd., in Chongqing. The new subsidiary will initially produce disc brakes and drum brakes for the Chonqing Division of Chongqing Changan Automobile. (From a press release, April 8, 2010)

-The Company will establish a wholly owned subsidiary in the Anji Economic Development Zone, Huzhou, Zhejiang. The new subsidiary, which is tentatively being called Anji Asia-pacific Brake Systems Co., Ltd. will be capitalized at 30 million yuan. The subsidiary will develop, manufacture, market, import and export automotive brake systems and chassis systems. (From a press release, April 28, 2010)


R&D Structure

- The Company established a technical center in 1996.
- The Company established a post-doctoral research station in 2003, which is mainly responsible for cutting-edge research topics including:
automotive-wire braking systems,
electronic parking control systems,
automotive-wire electro-hydraulic braking systems,
vehicle stability and tire puncture emergency braking control systems
(Source: company's website as of 2010)

Industry-university Collaborations and Future Plans

-In 2000, the Company developed ABSs jointly with Tsinghua University.
-In 2005, the Company developed magnetic brakes jointly with Jiangsu University

In 2009, the Company applied for 22 new patents and nine patents in 2008 were approved. They were:
-an electronic braking controlling unit
-an electrohydraulic wire-control braking system
-a hydraulic disc braking caliper
-an electronic mechanical braking system
-an electronic parking brake
-a type of ECU
-a plunger type piston structure in hydraulic pressure driving system
-a clutch hydraulic pressure release system and a hydraulic pressure braking system

Investment Activities

Capital Investment Projects for FY2009

Project Budget
(in million yuan)
Amount invested in 2009
(in million yuan)
Disc brake facility (annual production capacity to be 2.6million sets) 230 54.49 Under construction
Axle module facility (annual production capacity to be 100k sets) 80 2.38 Under construction
Drum brake facility (annual production capacity to be 1.2million sets) 60 67.63 Under construction
Master cylinder/wheel cylinder facility (annual production capacity to be 0.3million sets) 40 2.03 Under construction
Vacuum booster facility (annual production capacity to be 0.3million sets) 30 2.9 Under construction
Source: Annual report