Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SAAE)

Company Profile

■URL

http://www.ht-saae.com/en/

■Address

Southern Building, Hangtian Building, No. 222 Caoxi Road, Shanghai 200235, China

Business Overview

-The Company's major product lines include air conditioners, EPS, sensors, electrical controllers.


-The Company also produces products for the satellite, rocket, and aerospace industries. Recently it has been focusing on development and production activities involving solar and other new energy equipment; and products using composite materials such as compressed natural gas (CNG) tanks.

-Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd., which is China's largest manufacturer of automotive air conditioners, is one of the Company's subsidiary. In April 2016, Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd. changed its name into "SDAAC Automotive Air-Conditioning Systems Co., Ltd., Shanghai". From March 31, 2016, the Company's shares in SDAAC Automotive Air-Conditioning Systems Co., Ltd., Shanghai rose from 37.5% to 87.5% and SDAAC merged into the Company's consolidated statement.

Shareholders

Listed on the Shanghai Stock Exchange. (As of December 31, 2016)
Shareholder Shareholding ratio
Shanghai Aerospace Industry (Group) Co., Ltd. 28.34%
Aerospace Investment Holdings Co., Ltd. 4.45%
Shanghai Sungrow Economic Development Co., Ltd. 2.48%
Sanghai Aerospace Wire Communication & Electric Factory 2.44%
Other shareholders 62.29%

Total 

100%

Products

Air conditioners
- Air conditioners
- Condensers
- Air conditioner evaporators
- Heaters
- Air conditioner hoses
- A/C parts

Evaporating blowers
- Air conditioner evaporator blowers

Radiator fans

DC motors
- Air conditioner evaporator motors
- ABS motors

Sensors
- ABS wheel speed sensors
- Speed sensors
- Thermo switches
- Temperature sensors

EPS Systems
- Electric Power Steering (EPS) Systems
- Brushless motors, brushless blowers, brushless cooling fans
- Intelligent air-conditioner controllers
- Oxygen sensors
- Front anti-collision radars

Vehicle information terminals

Controllers/Relays
- Engine speed controllers
- Power take off controllers
- Wiper controllers
- Time delay relays
- Transformers

Central electrical appliances
- Junction boxes
- Fuse boxes

Antennas
- Top antennas
- Automatic lift antennas

Precision stampings / Precision plastic injection moldings

Clutch hydraulic cylinders

New energy products
- CNG tanks
- LPG tanks

Lithium Battery for New Energy Vehicle
- Lithium cells
- Lithium battery modules
- Accessories of battery systems
- Battery management systems
- High voltage modules

History

May 1998 The Company was established as a joint venture among Shanghai Aerospace Industry Corp., Shanghai Xinguang Telecom Factory, Shanghai Shule Electric Apparatus General Factory, and Shanghai Instrument Factory Co., Ltd. Listed on the Shanghai Stock Exchange. Issued 68 million shares. Total number of 272 million shares.
Sep. 1993 The Company established Shanghai Automobile Air-conditioner Factory. 
Mar. 1999 Shanghai Automobile Air-conditioner Factory and Delphi of the U.S. jointly established Shanghai Delphi Automotive Air Conditioning Systems Co. Ltd.
Jan. 1999 The Company acquired 50 percent of the shares in Air-conditioner International (Shanghai) Co., Ltd. The remaining 50 percent shares are held by Air International Group Limited of Australia. 
Jul. 2003 Acquired 30% of the shares in Chengdu Space Mould & Plastic Co., Ltd.
Dec. 2005 The Company established Shanghai CNG Automotive System Co., Ltd., a subsidiary to manufacture high-pressure tanks. 
Jan. 2006 The Company established Shanghai Composite High-Tech Development Co.,Ltd., a subsidiary to manufacture high-pressure tanks.
Oct. 2010 The Company pulled out of the business operated by Shanghai CNG Automotive System Co., Ltd., liquidating the 60 percent shareholding it has in the company.
Nov. 2010 The Company  purchased 37.5 percent of the shares in Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd.
Nov. 2010 The Company sold all its shares in Shanghai Automobile Air-conditioner Factory.
Jun. 2011 The Company sold all its shares in Air-conditioner International (Shanghai) Co., Ltd.
Aug. 2012 The Company sold 17.14 percent shares in Chengdu Space Mould & Plastic Co., Ltd.
Oct. 2015 The Company acquired an additional 50% of shares in Shanghai Delphi Automotive Air Conditioning Systems Co., Ltd. from Delphi Automotive Systems Singapore Pte. Ltd. SAAE will pay USD 99 million for this dea. Shanghai Delphi Automotive Air Conditioning Systems will be owned 87.5% by SAAE and 12.5% by Shanghai Automobile Air-conditioner Factory after the transaction.

Supplemental Information 1