Guizhou Guihang Automotive Components Co., Ltd.

Company Profile

■URL

http://www.gzghgf.com/

■Address

No.361, Pujiang Road, Xiaohe Eco & Tech Development Zone, Guiyang, Guizhou, China

Business Overview

-The Company manufactures mainly weather strips, air filters, radiators, keys, door locks, switches, wiper systems and window regulators.

-In 1999, the Company was established as a joint venture among several companies including China Guizhou Aviation Industry (Group) Co., Ltd. It was created through the integration of auto parts manufacturing divisions of each company.

Shareholders

Listed on the Shanghai Stock Exchange (As of Dec. 31, 2018)

Shareholders Shareholding Ratio
AVIC Automotive Systems Holdings Co.,Ltd. 37.01%
China National Guizhou Aviation Industry (Group) Co., Ltd. 9.28%
Guiyang Industry Investment Group Co., Ltd. 6.56%
Others 47.15%
Total 100.00%

Products

Heat exchange systems
-Radiators
-Oil coolers
-Heaters
-Evaporators
-Condensers
-Inter coolers

Filter systems
-Air filters
-Air filter elements
-Oil filters

Wipers/Window regulators
-Wiper systems
-Wiper motors
-Wiper parts
-Front wiper drive assemblies
-Window regulators

Switches/Locks
-Switches
-Combination switches
-Electronic combination switches
-Instrument switches
-Special switches
-Key sets
-Door locks
-Door handles

Electric equipment
-Ignition coils
-Wire harnesses

Rubber parts
-Weather strips
-V belts
-Rubber hoses
-Rubber parts

Other products
-Platings
-Aluminum water tanks

History

Dec.1999 The Company was established as a joint venture among 8 companies ; China National Guizhou Aviation Industry (Group) Co., Ltd.; Guizhou Hongyang Machinery (Group) Corporation; Huayang Electrical Factory of GAIC; Yonghong Machinery Factory of GAIC; Guizhou Shengyi Rubber Factory; China National Guizhou Aviation Industry Supply & Marketing Guizhou Company; Guizhou Marine Economic Development Co., Ltd.; and Guizhou Xinda Machinery Factory. Capitalized at 150 million yuan.
Dec. 2001 Listed on the Shanghai stock exchange. Issued 70 million shares. Paid-in capital of 220 million yuan.
Oct. 2003 Established Suzhou Huachang Mechanical and Electrical Co., Ltd. jointly with Tokai Rika and two Korean automotive parts suppliers.
Oct. 2003 Acquired a 48% ownership in Shanghai Hongyang Seal Products Co., Ltd. by purchasing shares from Guizhou Hongyang Machinery (Group) Corporation.
May 2005 The Company's subsidiary, Guizhou Huachang Automobile Electrics Co., Ltd. established Suzhou Huachang Pacific Plastic Co., Ltd  to produce plastic components for automobile lock assemblies.
Nov. 2007 The Company and Thermal Dynamics International of the U.S.A. jointly established Guizhou Yonghong Thermal Dynamics Co., Ltd. to manufacture heat exchangers.
Jan. 2008 The Company acquired 100 percent of the equity in Guiyang Wanjiang Aviation Electromechanical Co., Ltd., which is a member of the China National Guizhou Aviation Industry (Group).
Feb. 2010 The Company established Chongqing Hongyang Sealing Products Co.,Ltd. with Chongqing Tanjin Plastics to manufacture automobile sealing parts.
Apr. 2013 The Company acquired a 51 percent share in Guiyang Huaxu Science & Technology Development Co., Ltd.
Oct. 2013 The Company acquired a 75 percent share in Beijing Daqi Climate Control Co., Ltd.
The Company's subsidiary, Guiyang Wanjiang Aviation Electromechanical Co., Ltd. established Chengdu Wanjiang Automotive Components Co., Ltd, a wholly owned subsidiary in Chengdu.
Dec. 2013 The Company established Hebei Guihang Hongtu Auto Parts Co., Ltd. jointly with the shareholder of Hebei Hongtu Auto Parts Co., Ltd.
Aug. 2015 The Company acquired 38% shares in Mitsui Huayang Auto Parts Co., Ltd.
The Company established Shanghai Yonghong Thermal Systems.
Aug. 2016 The Company announced that it will liquidate and deregister its two production facilities in Hongyang City: Haikou Hongyang Seal Products Branch Company; and Guizhou Huachang Automobile Electrics Co., Ltd. Haikou Branch.
The Company announced that it will transfer its stake in the following companies that have been making losses:
-a 40% stake in Chongqing Hongyang Sealing Product Co., Ltd.;
-a 51% stake in Guiyang Huaxu Science & Technology Development Co., Ltd.;
-a 72.83% stake in Guiyang Huake Electro-plating Co., Ltd.;
-a 40% stake in Xuzhou Guihang Linde Power Machinery Manufacturing Co., Ltd.;
- and a 40% stake in Guizhou Wankaisheng Motor Co., Ltd.

Supplemental Information 1

>>Highlights for FY2009-2010
>>Highlights for FY2011
>>Highlights for FY2012
>>Highlights for FY2013
>>Highlights for FY2014
>>Highlights for FY2015
>>Highlights for FY2016
>>Highlights for FY2017

Note: A figure in brackets ( ) indicates a loss


Production Volume by Subsidiary Companies

(in 10 thousand units)
Product   FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Switches Huayang Electric Company 54.0 1,112.0 988.0
Radiators Yonghong Radiator Company 13.0 838.3 -
Heaters - 8.3 -
Intercoolers 13.0 - -
Window regulators Guiyang Wanjiang Aviation Electromechanical Co., Ltd. - - 17.3
Power windows 116.1 138.3 130.3
Wipers 116.1 211.0 181.1
Window regulators Shanghai Wanjiang Automobile Part Co., Ltd. - 1.5 -
Wipers - 42.8 41.8

Source: China Automotive Industry Yearbook (Issued every October)