Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd.

Company Profile

■URL

http://www.apg.cn/

■Address

No.1399, Yatai Road, Xiaoshan District, Hangzhou, Zhejiang, China

Business Overview

-The Company is a Chinese leading manufacturer of automotive brake systems. Its products are used in passenger cars, light- and mini-commercial vehicles, heavy-duty vehicles and buses.

-The Company developed ABSs and rear disc brakes, becoming the first company to do so in China.

-By the end of 2015, the Company has an annual production capacity to produce 1 million automotive electric braking systems. (From the Company's 2015 annual report)

-Based on automotive active safety technology, the Company developed intelligent automotive environment awareness, active safety control and mobile self-driving ecosystem. Meanwhile, the Company invested in electric drive hub motor to enter new energy vehicle market.

-Its products are sold under the brand names Xianghu, APG, Yatai AP, Yatai, and IBS.

-In 2015, the sales of main products, except ABS, had varying degrees of decline. Among them, the sales of drum brakes was about 22% lower than last year,which was the largest decline. Due to supply agreements with Huanghai automobile, Chery Automobile and Jiangxi Isuzu, the sales of ABS had a slightly increased, achieved three consecutive years of growth.In addition, the company through the acquisition and development to enrich product types to achieve product diversification.

Shareholders

Listed on the Shenzhen Stock Exchange (as of Dec. 2015 )
Shareholder Shareholding Ratio (%)
Asia-Pacific Machine & Electric Group Corp. 38.80%
Huang Laixing 7.14%
China Capital-ICBC-China Capital's Directional Add-insurance-Yuance's 6th Asset Management Plan 3.61%
National Social Security Fund-502 project 2.27%
Shaanxi International Trust Co., Ltd. 2.22%
Others 45.96%
Total 100%

Products

Brake systems
Disc brakes
Drum brakes
Vacuum boosters
Brake calipers
Brake master cylinders
Brake wheel cylinders
Proportioning valves
Trailer actuators

Clutches
Clutch master cylinders
Clutch slave cylinders
 
Suspension products

Front Axles
Rear Axles

Suspension modules
Front suspension modules
Rear suspension modules

EPBs
Integrated EPBs
Double Cable Puller EPBs

ABSs
ABSs
ABS controllers
ABS sensors
ABS Actuators
ABS solenoid valves
ABS parts

Others
ADAS, Advanced Driver Assistant Systems
Lane-Departure Warning Systems
Forward-Collision Warning Systems
Fatigue-Drive Detection Systems
Pedestrian Detection Warning Systems
Speed-Limit-Sign Recognition Systems
Eagle View 360 Parking Systems
Auto Light Systems
Automatic Stop-Start Systems
Night-Vision Systems

History

1976 Shiyan Renmin Commune Automobile Brake Factory was established.
1978 Shiyan Renmin Commune Automobile Brake Factory changed its name into Xiaoshan Shiyan Commune Automobile Brake Factory.
1980 Xiaoshan Shiyan Commune Automobile Brake Factory changed its name into Xiaoshan Automotive Brake Factory.
May 1994 The Company established Zhejiang Asia-Pacific Machine & Electric Limited Group as part of its reorganization project.
2000 The Group took on the form of a stock company and adopted a new name, Zhejiang New Asia-Pacific Machine & Electric Group Corp. In line with this change, Xiaoshan Automotive Brake Factory also adopted a new name, Zhejiang Asia-Pacific Machine & Electric Co., Ltd.
2000 The Company was listed and changed its name into Zhejiang Asia-Pacific Machine & Electric Co., Ltd.
Sep. 2002 Established Asia-Pacific Automobile Chassis Co., Ltd. in Wuhu City, Anhui province.
July 2003 Established Hangzhou APG-FTE Automotive Co., Ltd., which is a joint venture with FTE Automotive GmbH of Germany.
Apr. 2004 Established Hangzhou APG-TBK Brake System Co., Ltd., which is a joint venture with Tokyo Buhin Kogyo.
2005 Established Hangzhou Keunil Enpla Automotive Co., Ltd. through a 50-50 joint venture with a Korean plastics manufacturer, Keunil Enpla Co., Ltd.
Dec. 2007 The Company and Beijing Automotive Industry established a 50-50 joint-venture company, Beijing Yatai Automobile Chassis System Co., Ltd., in Beijing in order to manufacture brake systems and chassis modules.
Aug. 2009 -The Company was listed on the Shenzhen Stock Exchange and issued 24 million new shares through an initial public offering so as to raise capital for five investment projects.
July. 2010 Established Chongqing Jinrong Asia-Pacific Automotive Co., Ltd. to produce disc brakes and drum brakes.
Dec. 2010 The Company owns 75% shareholding of Hangzhou Keunil Enpla Automotive Co., Ltd., the rest 25% was sold to Huachang (Australia) Investment Co., Ltd. by Keunil Enpla (Korea).
Apr. 2011 Established Anji Asia-pacific Brake Systems Co., Ltd. to develop, manufacture, market, import and export automotive brake systems and chassis systems.
May. 2011 Established Changchun ZA Chassis Co., Ltd.
Aug. 2011 Established Beijing ZA Automotive Parts Co., Ltd.
Aug. 2013 Established Hangzhou Yateng Foundry Co., Ltd.
Oct. 2013 Established Tianjin Asia-Pacific Chassis Co., Ltd in Tianjin.
Dec. 2013 Established Zhengzhou Asia-Pacific Chassis Co., Ltd in Zhengzhou.
May 2014 Established Guangde Asia-Pacific Foundry Co., Ltd. in Guangde County, Anhui Province.
Dec. 2014 Hangzhou TBK-APG Brakes Co., Ltd. completed the registration of cancellation procedures.
Jul. 2015 Zhengzhou Asia-Pacific Chassis Parts Co., Ltd., the Company's subsidiary, completed the registration of cancellation procedures.
Aug. 2015 The Company established  Shanghai ZA Automotive Technology Co., Ltd. in the China (Shanghai) Pilot Free Trade Zone.
Feb. 2016 The Company deregistered Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. Wuhan Branch.
The Company established Wuhan ZA Chassis Co., Ltd. in Wuhan.
Mar. 2016 The Company and Zonve Auto Exhibition established Chongqing Asia-Pacific Chassis Systems Co., Ltd. in Chongqing.

Supplemental Information 1