Harbin Dongan Auto Engine Co., Ltd.

Company Profile

■URL

http://www.daae.com.cn/weben

■Address

No.51, Baoguo Street, Pingfang District, Harbin City, Heilongjiang Province, 150066 China

Business Overview

-A subsidiary of China Changan Automobile Group, mainly engaged in the development, production and sales of automobile engines, transmissions and related components.

-The products cover many market areas such as high-end cars, SUVs, MPVs, pickup trucks, light passenger and light trucks, and all-terrain vehicles. Main customers include Changan, Foton, Li Auto, Dongfeng, BAC, Chery, Geely, JAC, Leapmotor, Shaanxi Automobile Group Commercial Vehicle, and ENOVATE Auto.

-In January 2021, the Company completed the acquisition of equity interest in Harbin Dongan Automotive Engine Manufacturing Co., Ltd. (DAE), and the current shareholding ratio is 55.64%. In September, the company reorganized and integrated with DAE. The Company established three business divisions: engines, range extender drive systems for New Energy Vehicles, and transmission systems to develop business for powertrains.

-In 2021, the Company sold 671,400 units of engines and transmissions, reflecting a year-over-year (y/y) increase of 21%. Among them, engine sales were 616,500 units.

Main competitors

Shareholders

Listed on the Shanghai Stock Exchange

(As of Dec. 31, 2021)
Main Shareholders Interest Ratio (%)
China Changan Automobile Group Co., Ltd. 51.42
Others 48.58
Total 100

Products

Engines

Transmission
-MT
-AT
-AMT

Engine components
-Cast aluminum cylinder heads
-Cast aluminum cylinder body
-Camshafts
-Bearing caps
-Castings
-Transmission gears
-Differentials

History

Oct. 1998 Founded by Harbin Dongan Engine (Group) Co., Ltd. 
The Company was listed on the Shanghai Stock Exchange (SSE).
May 1999 Capital participation in Harbin Dongan Engine (Group) Co., Ltd.
Aug. 2002 Capital participation in Harbin Dongan Liyuan Piston Co., Ltd. with an investment ratio of 35%.
July 2003 AVIC Technology & Industry Co., Ltd. became the largest shareholder of the Company.
Mar 2006 The company set up Harbin Hafei Automobile Industry Group Co., Ltd. with Harbin Motor Co., Ltd.
Apr. 2006 The Company invested in Harbin Dongan Huafu Machinery Manufacturing Co., Ltd., which produces intake manifolds.
Dec. 2009 The company became a subsidiary of China Changan Automobile Group.
May 2014 Harbin Dongan Auto Engine Co., Ltd. Transmission Branch was established.
Apr. 2016 Harbin Dongan Liyuan Piston Co., Ltd. was dissolved.
Oct. 2020 Acquired a 19.64% stake in Harbin Dongan Automotive Engine Manufacturing Co., Ltd. from a joint venture.
Jan. 2021 The Company completed the acquisition of 55.64% equity interest in Harbin Dongan Automotive Engine Manufacturing Co., Ltd.
Apr. 2022 Started construction of a production base for hybrid systems for New Energy Vehicles.

Supplemental Information 1