Xiangyang Automobile Bearing Co., Ltd.

Company Profile

■URL

http://www.zxy.com.cn/en/

■Address

No.1, Zhoucheng Road, Xiangcheng District, Xiangfan City, Hubei 441021, China

Business Overview

-The Company is a major bearing manufacturer in China. Its products are sold under the brand name 'ZXY'.

-As of 2016, the Company's annual production capability of bearings was more than 30 million sets.

Shareholders

Listed on the Shenzhen Stock Exchange (as of Dec. 2016)
Shareholder Sahreholding Ratio
Tri-ring Group Corp. 27.94%
Xiangyang Automobile Bearing (Group) Corp. 18.09%
Hubei New Nature Capital Co., Ltd. 4.35%
Industrial and Commercial Bank of China Limited - Golden Eagle Technology Innovation Securities Investment Fund 2.30%
Others 47.32%
Total 100%

Products

- Deep Groove Ball Bearings
- Cylindrical Roller Bearings
- Tapered Roller Bearings
- Thrust Ball Bearing
- Needle Roller Bearings
- Universal Cross Joints
- CV Universal Joints
- Clutch Release Bearings
- Hub unit bearings

History

1968 The Company was established as 'Xiangyang Bearing Factory'.
1994 Adopted the current company name.
Jan. 1997 Listed on the Shenzhen Stock Exchange.
Apr. 2009 The State-owned Assets Supervision and Administration Commission of Xiangfang City, de facto majority shareholder of the Company, transferred 95% of the shares it owns in Xiangyang Automobile Bearing at no cost to the Tri-Ring Group, Co.
Apr. 2011 Sold the 40% shareholding of WuhanBoda Electric Co.,Ltd.
Aug. 2013 The Company acquired 89.15 percent in Poland-based bearing supplier FLT and completed transfer of securities.
Mar. 2014 The Company and Hubei Tri-Ring Chengtao Trade Co., Ltd. eastablished a new joint venture, named as Hubei Tri-ring Xiangyang Bearing Equipment Technology Co., Ltd., which was invested fifty/fifty between the Company and Hubei Tri-ring Chengtao Trade Co., Ltd..

Supplemental Information 1