Anhui Huanxin Group Co., Ltd. (Anhui Ring New Group Co., Ltd.)

Company Profile

■Address

No.16, Ying Bin Road, Economic & Technical Development Zone, Anqing City, Anhui 246001, China

Business Overview

-The Company is involved in the R&D and manufacturing of key automotive components. As of the end of 2016, the Company had 15 Sino-foreign joint venture subsidiaries and 10 first-tier wholly-owned and controlled subsidiaries. Its main products include pistons, piston rings, cylinder liners, valvetrain parts, and power batteries.

-The Company's products are sold under the brand names ATG, AT, AG, and Huanshan.

-In 2018, the Company achieved sales of CNY 11.296 billion. Anqing TP Goetze Piston Ring Co., Ltd., the Company's core subsidiary, had sales of CNY 1.101 billion in 2018.

Shareholders

(As of December 31, 2018)
Shareholders Shareholding Ratio
Anqing Huanxin Investment Management Co., Ltd. 71.20%
Pan Yixin 28.80%
Total 100%

Products

Piston rings
<Compression Rings>
-Chrome plated keystone rings
-Plasma sprayed rings
-GT-rings
-PT-coated rings
-CD-coated rings
-Taper faced rings
-Interrupted peripheral step rings
-Chrome plated taper faced rings

<Oil Rings>
-Px-type spacer expanders & Cr-plated rails
-Px-type nitrided expanders & GT-nitrided rails
-Ux-type expanders & Cr-plated rails
-Tx-type expanders & Cr-plated rails
-Sx-Type expanders & Cr-plated rails
-Slotted cast iron oil control rings
-Oil control rings with coil expanders
-I-rings with Cr plated periphery
-GT-rings

Piston ring parts

Pistons

Cylinder liners

Valvetrain parts

-Valve seat inserts
-Valve guides

Automotive Power Batteries

History

1953 Anqing Piston Ring Factory was established.
June 1996 The Company established Anqing TP Goetze Piston Ring Co., Ltd. jointly with Teikoku Piston Ring Co., Ltd. (Japan) and Federal-Mogul (U.S.A.).
Aug. 1997 The Company started production at a new plant.
Dec. 1999 Teikoku Piston Ring Co., Ltd. and Anqing TP Goetze Piston Ring Co., Ltd. jointly established Anqing TP Powder Metallurgy Co., Ltd. to manufacture valvetrain components.
July 2001

The Company passed a quality test given by Dongfeng Peugeot Citroen Automobile.

Oct. 2001 The Company started mass production of cylinder liners.
Jun. 2002 The Company and Art Metal MFG jointly established Anqing Art TP Pistons Co.,Ltd. to manufacture pistons.
July 2004 The Company, Teikoku Piston Ring Co., Ltd. and Federal-Mogul jointly established Anqing TP Goetze Liner Co., Ltd. to produce cylinder liners.
Jan. 2005 Anqing TP Goetze Liner Co., Ltd. launched production of cylinder liners at its plant in the Anqing Economic and Technological Development Zone.
Feb. 2005 The Company, Teikoku Piston Ring Co., Ltd., and Yoosung Enterprise Co. Ltd. (Korea) jointly established China United Piston Ring Co., Ltd. to make piston rings.
Sep. 2006 The Company, Teikoku Piston Ring Co., Ltd., DYT (China) and XAJ (Japan) jointly established Dailian Boxin Special Steel Products Co., Ltd. to manufacture piston rings and other wire rods.
Oct. 2006 The Company and Scherdel of Germany jointly established Anqing Scherdel Automobile Parts Co., Ltd. to manufacture piston rings.
2010 Hefei Huanxin Auto Parts Co., Ltd. was established.
Aug. 2013 Anhui Huan Ming Precision Control Co., Ltd. was established.
Mar. 2014 Anqing TPR Engineering Plastic Co., Ltd. was established jointly by the Company and Japan TPR.
Jun. 2014 Samsung SDI ARN (Xi'an) Power Battery Co., Ltd., a joint venture of the Company, Samsung SDI, and Xi'an Gaoke (Group) Company, was established.
Jun. 2014 Huangxin Federal-Mogul Powder Metallurgy Co., Ltd., a joint venture between the Company and Federal-Mogul of the U.S, held a groundbreaking ceremony in Anqing.
2015 The Company established AXM and AXN with SAIF Partners.
2016 The Company established ARN Germany and ARN Japan.
Nov. 2018 The Company established Aisin (Anqing) Auto Parts Co., Ltd. jointly with Aisin Seiki Co., Ltd.

Supplemental Information 1

>>>Business Report FY2012
>>>Business Report FY2013
>>>Business Report FY2014

Note: A figure in brackets ( ) indicates a loss

Employees

  FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Number of employees 5,480 - -

- Source: China Automotive Industry Yearbook (Issued in October every year)

Sales

(in million CNY)
FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
6,324.11 - -

Source: China Automotive Industry Yearbook (Issued in October every year)

Volume of production

(in thousand units)
  FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Anqing Huanxin Group Co., Ltd. Piston 10,950.0 13,430.0 13,430.0
Piston rings 10,950.0 191,430.0 191,430.0
Anqing TP Goetze Piston Ring Co., Ltd. Piston rings - 190,120.0 -

Source: China Automotive Industry Yearbook (Issued in October every year)