Jiangnan Mould & Plastic Technology Co., Ltd.

Company Profile

■URL

http://www.000700.com/en/

■Address

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

Business Overview

-The Company mainly engages in developing, manufacturing and selling automotive components such as bumpers, plastic products, moulds, side moldings and high-tech mould.

-As of Dec. 2016, the Company is the leading supplier of automotive exterior parts in China, with a production capacity of more than 3,000,000 sets of bumpers a year.

Shareholders

Listed on the Shenzhen Stock Exchange (As of Dec. 31, 2016)
Shareholders Shareholding Ratio
Jiangyin Mould Plastic Group Co., Ltd. 33.07%
Boshi Securities Investment Fund 1.90%
Bank of Communications Co., Ltd. - Long Quantitative Pioneer Mixed Securities Investment Fund 1.36%
Ordnance Finance Limited Liability Company 1.13%
Others 62.54%
Total 100%

Products

- Front/Rear bumpers
- Scuff plates
- Side moldings
- Spoilers
- Wheel guards
- Rear window frame trims
- B Pillars
- Trunk trims
- Door edge moldings
- Emblems
- Instrument panels
- Molding ASM-FRT S/D LWR
- Grills
- Wheel openings
- Engine cover strips
- Fuel door covers

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 replace 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 transfered 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 department of Zhuzhou Times New Material Technology has become the Zhuzhou Branch of Beijing Beiqi Mould & Plastic Technology Co., Ltd..
July. 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.
January. 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.
March. 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.

Supplemental Information 1