Guizhou Guihang Automotive Components Co., Ltd.

Company Profile

■URL

http://www.gzghgf.com

■Address

No.361, Pujiang Road, Xiaohe Eco & Tech Development Zone, Guiyang 550009, Guizhou, China

Business Overview

-The Company is a supplier that was formed in 1999, when China Guizhou Aviation Industry (Group) Co., Ltd. and other companies established it by consolidating several domestic Chinese auto parts companies in a single company.

-The Company manufactures mainly automotive components such as wiper systems, window regulators, weather strips, electronic switches, door locks and handles, heat exchangers, etc., mainly for Chinese OEMs.

-The brand WJEC for wiper systems.

-The company's new orders increased by 36% year-on-year, and the number of new orders was 251, of which new energy projects accounted for 16%.

Shareholders

Listed on the Shanghai Stock Exchange (As of Dec. 31, 2020)

Shareholders Shareholding Ratio
AVIC Automotive Systems Holdings Co.,Ltd. 37.01%
China National Guizhou Aviation Industry (Group) Co., Ltd. 9.28%
Guiyang Industrial and Commercial Investment Group Co., Ltd. 6.24%
Others 47.47%
Total 100.00%

Products

Heat exchange systems
-Radiators
-Oil coolers
-Heaters
-Evaporators
-Condensers
-Inter coolers

Filter systems
-Air filters
-Air filter elements
-Oil filters

Wipers/Window regulators
-Wiper systems
-Wiper motors
-Wiper parts
-Front wiper drive assemblies
-Window regulators

Switches/Locks
-Switches
-Combination switches
-Electronic combination switches
-Instrument switches
-Special switches
-Key sets
-Door locks
-Door handles

Electric equipment
-Ignition coils
-Wire harnesses

Rubber parts
-Weather strips
-V belts
-Rubber hoses
-Rubber parts

Other products
-Platings
-Aluminum water tanks

History

Dec.1999 The Company was established as a joint venture among 8 companies ; China National Guizhou Aviation Industry (Group) Co., Ltd.; Guizhou Hongyang Machinery (Group) Corporation; Huayang Electrical Factory of GAIC; Yonghong Machinery Factory of GAIC; Guizhou Shengyi Rubber Factory; China National Guizhou Aviation Industry Supply & Marketing Guizhou Company; Guizhou Marine Economic Development Co., Ltd.; and Guizhou Xinda Machinery Factory. Capitalized at 150 million yuan.
Dec. 2001 Listed on the Shanghai stock exchange. Issued 70 million shares. Paid-in capital of 220 million yuan.
Oct. 2003 Established Suzhou Huachang Mechanical and Electrical Co., Ltd. jointly with Tokai Rika and two Korean automotive parts suppliers.
Oct. 2003 Acquired a 48% ownership in Shanghai Hongyang Seal Products Co., Ltd. by purchasing shares from Guizhou Hongyang Machinery (Group) Corporation.
May 2005 The Company's subsidiary, Guizhou Huachang Automobile Electrics Co., Ltd. established Suzhou Huachang Pacific Plastic Co., Ltd  to produce plastic components for automobile lock assemblies.
Nov. 2007 The Company and Thermal Dynamics International of the U.S.A. jointly established Guizhou Yonghong Thermal Dynamics Co., Ltd. to manufacture heat exchangers.
Jan. 2008 The Company acquired 100 percent of the equity in Guiyang Wanjiang Aviation Electromechanical Co., Ltd., which is a member of the China National Guizhou Aviation Industry (Group).
Feb. 2010 The Company established Chongqing Hongyang Sealing Products Co.,Ltd. with Chongqing Tanjin Plastics to manufacture automobile sealing parts.
Apr. 2013 The Company acquired a 51 percent share in Guiyang Huaxu Science & Technology Development Co., Ltd.
Oct. 2013 The Company acquired a 75 percent share in Beijing Daqi Climate Control Co., Ltd.
The Company's subsidiary, Guiyang Wanjiang Aviation Electromechanical Co., Ltd. established Chengdu Wanjiang Automotive Components Co., Ltd, a wholly owned subsidiary in Chengdu.
Dec. 2013 The Company established Hebei Guihang Hongtu Auto Parts Co., Ltd. jointly with the shareholder of Hebei Hongtu Auto Parts Co., Ltd.
Aug. 2015 The Company acquired 38% shares in Mitsui Huayang Auto Parts Co., Ltd.
The Company established Shanghai Yonghong Thermal Systems.
Aug. 2016 The Company announced that it will liquidate and deregister its two production facilities in Hongyang City: Haikou Hongyang Seal Products Branch Company; and Guizhou Huachang Automobile Electrics Co., Ltd. Haikou Branch.
The Company announced that it will transfer its stake in the following companies that have been making losses:
-a 40% stake in Chongqing Hongyang Sealing Product Co., Ltd.;
-a 51% stake in Guiyang Huaxu Science & Technology Development Co., Ltd.;
-a 72.83% stake in Guiyang Huake Electro-plating Co., Ltd.;
-a 40% stake in Xuzhou Guihang Linde Power Machinery Manufacturing Co., Ltd.;
- and a 40% stake in Guizhou Wankaisheng Motor Co., Ltd.
Oct. 2019 Shareholders reached a consensus on deregistering Chongqing Hongyang Sealing Product Co., Ltd.

Supplemental Information 1