Jiangnan Mould & Plastic Technology Co., Ltd.

Company Profile

■URL

https://www.000700.com

■Address

No.8, Changqing Road, Zhouzhuang Town, Jiangyin City, Jiangsu 214423, China

Business Overview

-A leading exterior trim supplier in China. Mainly develops, manufactures and sells bumpers, plastic parts, diesand molded parts.

-With an annual production capacity of 6 million sets of bumpers, the company supplies its products to BMW Brilliance, Beijing Mercedes-Benz, Tesla, SAIC GM, SAIC VW, Chery Jaguar Land Rover, Volvo, Beijing Hyundai, Dongfeng Peugeot Citroen, GAC-NIO, Li Auto, XPeng Motors, WM Motor, and others.

-The company has production facilities in Beijing, Shanghai, Shenyang, Wuhan, and Yantai in China and outside of Chinain Mexico. The company also has R&D centers in Beijing, Shanghai, and Jiangyin.

-In 2020, the Company’s joint venture with Beijing Hainachuan Automotive Parts Co., Ltd., Beijing Beiqi Mould & Plastic Technology Co., Ltd., won an order for the Huawei αS (Alpha S) version of the BAIC BluePark New Energy Technology Co., Ltd. ARCFOX platform.

Shareholders

-The Company is listed on the Shenzhen Stock Exchange (As of Dec. 31, 2021)
Shareholders Shareholding ratio (%)
Jiangyin Mould Plastic Group Co., Ltd. 37.85
Others 62.15
Total 100

Products

Automotive interior and exterior trims

-Front and rear bumper assembly
-Front-end modules
-Wheel arches
-Seat trims
-Door sills
-Chafing strips
-Injection parts
-Tailgates
-Tailgate spoilers
-Anti-scuffing decorative strips
-Grille assemblies
-Fan frames
-Plastic fenders
-Luminous grilles
-Composite leaf springs
-Automobile door carriers

History

1988 The Company's predecessor, Jiangyin Steel Plant, was reorganized and formed into a stock company, Jiangyin Xingcheng Metallurgy Co., Ltd.
Feb. 1997 Listed on the Shenzhen Stock Exchange.
Nov. 1999 Jiangyin Mould Plastic Group Co., Ltd. bought into the Company and became the largest shareholder in replacement of Jiangsu Xingcheng Group Co.
May 2000 The Company adopted a new corporate name, Jiangnan Mould & Plastic Technology Co., Ltd.
Jan. 2002 Established Shanghai Mingchen Mould & Plastic Technology Co., Ltd., a subsidiary.
Aug. 2003 Established Wuhan Mingjie Mould & Plastic Co., Ltd., which is a joint venture company.
Jan. 2004 Established Shenyang Minghua Mould & Plastic Technology Co., Ltd., which is a joint venture company.
Aug. 2004 The Company and Milacron Plastics Technologies Group Inc. of the U.S.A. jointly established Jiangyin Milacron Plastic Machinery Co., Ltd.
2006 The Company established Yantai Mingyue Mould & Plastic Co., Ltd. in Yantai City, Shandong Province.
2008 The Company and Beijing Automotive Industry jointly established Beijing Beiqi Mould & Plastic Technology Co., Ltd.
2010 The Company purchased the remaining 10% of the stock of Wuhan Mingjie Mould & Plastic Co., Ltd. and turned the joint venture into its wholly owned subsidiary.
Dec. 2013 The Company transferred the entire 18 percent shareholding in debt-ridden Milacron Plastics Machinery (Jiangyin) Co., Ltd. to Milacron Plastics Technologies Group LLC., its joint-venture partner in the U.S.
Jul. 2014 Beijing Beiqi Mould & Plastic Technology Co., Ltd., a joint venture of the Company acquired a bumper production line from Zhuzhou Times New Material Technology at CNY 35 million. The bumper business unit of Zhuzhou Times New Material Technology has become the Zhuzhou Branch of Beijing Beiqi Mould & Plastic Technology Co., Ltd..
Jul. 2015 The Company announced that it will establish a wholly owned subsidiary in San Luis Potosi, Mexico. The new company will be called MingHua de Mexico. It will be capitalized at USD 15 million, and investment in this project is expected to reach USD 100 million.
Jan. 2016 The Company announced that its wholly owned subsidiary Jiangsu Juhui Investment Management Co., Ltd. will establish a bumper production facility in Greer, South Carolina, U.S. The new company will be called MingHua USA Inc. and will be capitalized at USD 5 million.
Mar. 2016 The Company announced that it will acquire part of the assets of Shenyang Jingli Machinery Co., Ltd. for CNY 69 million.
May 2016 The Company held a ground breaking ceremony for Minghua USA Inc.'s plant in Greer, South Carolina.
Dec. 2016 The Company acquired a 100% stake in Shenyang Jingli Machinery Co., Ltd.
Oct. 2017 The Company plans to set up a new wholly owned subsidiary, Changshu Jiangnan Mould & Plastic Technology Co., Ltd.
Jan. 2018 The Company completed acquisition of all the shares of Jiangyin Daoda Decorative Parts Co., Ltd.
Apr. 2018 The Company established Jiangsu Jiangnan  Mould & Plastic Technology Co., Ltd.
Apr. 2021 The subsidiary Minghua Mexico established Minghua Mexico California Inc. in California.
Sep. 2021 The Company completed the sale of 100% of Minghua USA Inc. to Plasman US Holdco LLC.

Supplemental Information 1