Changzhou NRB Corporation
-The company is one of the main suppliers of automotive bearings in China, mainly producing needle roller bearings, roller bearings, clutch release bearings and wheel bearing units, synchronizer intermediate rings, electronic circuit boards and electronic components, etc.
-In December 2020, the Company expanded its business in electronic circuit boards and electronic components by acquiring 100% shares of Weihai Siflex Electronic Co., Ltd. and Weihai Core Tech Electronics Co., Ltd.
-The Company established three R&D and manufacturing bases in China, respectively: Guangyang base (in Changzhou, Jiangsu), Tianhai base (in Jinghai, Tianjin), and Shiyi base (in Weihai ,Shandong).
-Product brands are NRB (Guangyang Plant bearing products) and TianHong (Tianhai Plant production products).
|Listed on Shenzhen Stock Exchange||(As of December 31, 2021)|
|Changzhou Guangyang Holding Group Co., Ltd.||28.22%|
-Hydraulic clutch release bearings
-Needle roller bearings for engine rocker arms
-Cylindrical roller bearings
-Tapered roller bearings
-Push and pull clutch release bearings
-Car wheel bearings
-Deep groove ball bearings
-Four-point contact ball bearings
-Limited slip differentials
-Hybrid planetary gears
-Welded gear assemblies
-Planetary gear sets
New Energy Vehicle field
-Wheel hub motor drive system assemblies
-System control powertrains
-New energy electronic control technology
-Electronic circuit boards
|Dec. 1987||Founded as Changzhou Needle Bearing Factory Co., Ltd.|
|Jan. 1994||Established its current structure and became a joint stock corporation.|
|1995||Developed bearings for passenger vehicles.|
|2000||Production volume exceeded CNY 100 million.|
|2000||Started construction of a new plant with a land area of 83,000m2 in the Changzhou Hi-Tech Park.|
|Jan. 2004||Completed the construction of its new plant.|
|Sep. 2004||Jointly established a joint venture company called the Changzhou NTN-Guangyang Corporation with NTN Corporation of Japan.|
Became a shareholding company and changed its name to Changzhou Guangyang Bearing Co., Ltd.
Listed on Shenzen Stock Exchange.
Decided to acquire all of Tianjin Tanhas Technology Co., Ltd. shares for CNY 550 million.
TeT Drive Technology Co., Ltd, under the control of its subsidiary of the Tianjin TANHAS Technology Co.,Ltd, acquired 100% of the equity of the Dutch e-Traction B.V., the largest manufacturer of wheel-hub motor for NEV in Europe.
A controlling shareholder of Changzhou NRB Corporation, Changzhou Guangyang Holding Group Co., Ltd., has signed a memorandum of understanding with Oriental Fortune Capital Co., Ltd. on the share transfer plan. Under the agreement, Oriental Fortune Capital will acquire 100% shares in a subsidiary of Changzhou Guangyang Holding for CNY 150 million.
Shareholders transferred their 100% shares to the Shenzhen OFCGuangyang Equity Investment Fund Partnership, Shenzhen OFC Venture Capital Investment Management Co., Ltd., and Shenzhen Oriental Fortune Capital Investment Management Co., Ltd. (OFC).
Acquired Weihai Siflex Electronic Co., Ltd. and Weihai Core Tech Electronic Co., Ltd.
|Jan. 2021||The Company established Yangzhou Guangyang Siflex Intelligent Technology Co., Ltd. in Yangzhou.|
|Apr. 2021||The company has integrated and reorganized the assets of its wholly owned subsidiaries, Yangzhou Guangyang Siflex Intelligent Technology Co., Ltd., Weihai Siflex Electronic Co., Ltd. and Weihai Core Tech Electronic Co., Ltd. After the transaction, Weihai Core Tech Electronic Co., Ltd. will be deregistered.|
Supplemental Information 1
>>>Business Report up until FY ended Dec. 2012
>>>Business Report up until FY ended Dec. 2013
>>>Business Report up until FY ended Dec. 2014
>>>Business Report up until FY ended Dec. 2015
>>>Business Report up until FY ended Dec. 2016
>>>Business Report up until FY ended Dec. 2017
>>>Business Report up until FY ended Dec. 2018
>>>Business Report up until FY ended Dec. 2019
>>>Business Report up until FY ended Dec. 2020
Note: A figure in brackets ( ) indicates a loss