HUAYU Automotive Systems Company Limited

Company Profile

■URL

http://www.hasco-group.com/

■Address

No.489, Weihai Road, Jing'an District, Shanghai 200041, China

Business Overview

-The Company oversees the automotive parts business of the SAIC Group.

-The Company operates a number of joint ventures and affiliates together with auto parts manufacturers based in Europe, the U.S. and Japan. It has a complete supply network to provide all kinds of auto parts systems other than engines and transmissions.

-The Company mainly manufactures components for passenger vehicles. Its customers include companies in the SAIC Group such as Shanghai VW, Shanghai GM and Shanghai Automotive, as well as other major Chinese automakers like Changan Ford, Dongfeng-Peugeot-Citroen, Beijing Benz, Brilliance BMW, Beijing Hyundai, Dongfeng Nissan, SAIC Passenger Vehicle, Great Wall Motor, JAC, GAC, BAIC, and Geely, and major international automakers like Benz, BMW, Ford, VW, and GM.

-The Company supplies its lightweight cast aluminum, fuel tank systems and automotive electronics and other products not only to Chinese automakers but also to its customers in Europe, the U.S., Korea, Australia, and Southeast Asia.

-Interior and exterior trims are main products.

Shareholders

Listed on the Shanghai Stock (as of Dec. 31, 2018)
Major Shareholder Shareholding Ratio
SAIC Motor Corporation Limited

58.32%

Hong Kong Securities Clearing Company Limited

5.39%

China Securities Finance Co., Ltd.

2.99%

Other shareholders

33.30%

Total

100%

Products

Interior / exterior trim
- Door panel ASSY
- Bumper ASSY
- Instrument panels
- Front section modules
- Seats ASSY
- Airbags
- Seat belts
- Lamps
- Interior trims
-Sealings

Electronic components
- Actuator keys
- Body control units
- Sunroofs
- Wire harnesses
- Motors
- Electronic entertainment

Metal forming parts and mold

- Body structure
- Door cover/floor press products
- Hot press structure
- Press die

New energy parts
- Electric air-conditioning
- Drive motors
- Electric steering machine
- Start-stop integrated machine

Auto function parts
- Transmission system
- Steering system
- Air conditioning system
- Braking system
- Exhaust system
- Springs
- Tanks

Hot-working parts
- Aluminum wheel hubs
- Piston
- Cylinder heads
- Transmission cases
- Forging parts
- Engine cylinders

History

1988 The SAIC Group established Shanghai Union Automobile & Tractor Industry Trade Co., Ltd.
1988 The SAIC Group established Shanghai Ek Chor General Machinery Co., Ltd., which is now called Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd.
1988 The SAIC Group and GKN Automotive jointly established Shanghai GKN Drive Shaft Co., Ltd.
1988 The SAIC Group and HongKong Shanghai SIIC Co., Ltd. jointly established Shanghai SIIC Transportation Electric Co., Ltd.
1988 The SAIC Group jointly established YAPP Automotive Parts Co., Ltd.
1989 The SAIC Group established Shanghai Tractor & Internal Combustion Engine Co., Ltd.
1989 The SAIC Group and Koito Manufacturing Co., Ltd. jointly established Shanghai Koito Automotive Lamp Co., Ltd.
1990 The SAIC Group established Shanghai Automotive Forging Works, which is now called Shanghai Automotive Forging Co., Ltd.
1992 The SAIC Group and Bardsey Group Limited jointly established Shanghai Cosmopolitan Automobile Accessory Co., Ltd.
1994 The SAIC Group and Visteon jointly established Yanfeng Visteon Automotive Trim Systems Co., Ltd.
1994 The SAIC Group and ITT Automotive jointly established Shanghai Automotive Brake Systems Co., Ltd. This joint venture became a member of the Continental Teves Group in 1998, when Continental of Germany acquired the brake chassis components division of ITT and established Continental Teves.
Nov. 1994 The SAIC Group and ZF jointly established ZF Shanghai Steering Co., Ltd.
1995 The SAIC Group and Metzeler jointly established Shanghai SAIC-METZELER Sealing Systems Co., Ltd.
1995 The SAIC Group and Valeo jointly established Shanghai Valeo Automotive Electrical Systems Co., Ltd.
1997 The SAIC Group and Kolbenschmidt jointly established Kolbenschmidt Shanghai Piston Co., Ltd.
July 1997 The SAIC Group and TRW jointly established Shanghai TRW Automotive Safety Systems Co., Ltd.(STASS).
Aug. 1997 The SAIC Group established Shanghai Automotive Co., Ltd. as a stock corporation, its subsidiary manufacturing transmission systems.
Nov. 1997 Shanghai Automotive Co., Ltd. was listed on the Shanghai Stock Exchange.
Dec. 1997 Shanghai Automotive Co., Ltd. acquired China Spring Factory, which is now called China Spring Corporation Limited.
1998 Shanghai Automotive Co., Ltd. and Teksid jointly established Hua Dong Teksid Automotive Foundry Co., Ltd.
1999 Shanghai Automotive Co., Ltd. and Federal-Mogul jointly established Federal-Mogul Shanghai Bearing Co., Ltd.
2000 Shanghai Automotive Co., Ltd. and Pieburg jointly established Kolbenschmidt Pierburg Shanghai Nonferrous Components Co., Ltd.
June, 2000 Shanghai Automotive Co., Ltd. and Sanden jointly established Sanden Shanghai Automotive Air-Conditioning Co.,Ltd. The name of the joint venture company was changed to Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd. in 2004.
June. 2004 Shanghai Automotive Co., Ltd. established Shanghai Superior Die Technology Co., Ltd. to manufacture body panels.
Nov. 2006 The SAIC Group transferred 11 automakers, including Shanghai VW and Shanghai GM, as well as 3 companies producing engines and electronic components to Shanghai Automotive Co., Ltd. At the same time, Shanghai Automotive transferred 15 companies to the SAIC Group. They included 10 auto parts production subsidiaries and two plants producing springs and powder metallurgical products.
Sep. 2007 Shanghai Automotive Co., Ltd. Federal-Mogul jointly established Federal-Mogul Shanghai Compound Material Co., Ltd.
Aug. 2008 The Group announced that it will reorganize its auto parts business to form a comprehensive auto parts company. Plans are to acquire Shanghai Ba-Shi (Group) Industrial Co., Ltd., which is listed on the Shanghai Stock Exchange, and transfer shares the Company has in its subsidiaries and affiliates in the auto parts sector, into Shanghai Ba-Shi.
Apr. 2009 The SAIC Group acquired Shanghai Ba-Shi (Group) Industrial Co., Ltd., making it a new subsidiary. It brought the Group's 23 auto parts-related corporations under Shangahi Ba-Shi, making it a comprehensive car components supplier encompassing a wide rage of vehicle parts businesses.
June. 2009 Shanghai Ba-Shi (Group) Industrial Co., Ltd., which integrates the SAIC Group's auto parts business and is listed on the stock market, adopted a new company name, HUAYU Automotive Systems Company Limited. This concluded the whole reorganization project for the Group's auto parts business.
Oct. 2010 The Company established Huayu Automotive Electric Systems co., Ltd. with Guizhou Aerospace Industry Co., Ltd. in Thailand. 
On Apr. 2011 SAIC Motor became the largest shareholder of the company Huayu Automotive, with Shanghai Automotive still maintaining control over Huayu. 
May 2013 Shanghai Xingfu Motorcycle Co., Ltd., a subsidiary of the Company, and Germany-based Pierburg Pump Technology GmbH, established a 50-50 joint venture, Huayu Pierburg Pump Technology Co., Ltd. in Shanghai.
The Company and the Chia Tai Group of Thailand signed an agreement to establish Huayu Chia Tai Co., Ltd.
Mar. 2014 Shanghai Sekely Die Technology Co., Ltd., a subsidiary of the Company, announced that it acquired 100 percent of Nanjing Automobile Tooling Co., Ltd. for CNY 251.4 million.
May 2014 Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of the Company, signed a definitive agreement to form the world's largest automotive interiors joint venture with Johnson Controls Inc.
Jun. 2014 Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. and Shenyang Yanfeng Johnson Controls Seating Co., Ltd. subsidiaries of the Company, began operations of their new plants in the Datong District, Shenyang.
Jul. 2014 The Company announced that it has reached an agreement with KSPG of Germany that it would acquire a 50 percent share in KS Aluminium-Technologie GmbH.
Nov. 2014 Federal-Mogul Shanghai Bearing Co., Ltd. and Federal-Mogul Shanghai Compound Material Co., Ltd., which are joint ventures between Federal-Mogul and the Company, announced that they have completed their new plant at the Zhoupu Zhihui Industrial Park in Pudong, Shanghai.
Jan. 2015 Dongfeng Visteon Wuhan Automotive Trim Systems Co., Ltd., a 50-50 joint venture between DETC and Yanfeng Automotive Trim Systems Co., Ltd., has established a joint-venture company with Grupo Antolin of Spain. The new company is called Dongfeng Antolin (Wuhan) Automotive Trim Co., Ltd. 
Jun. 2015 The Company and Continental of Germany will establish Huayu Continental Brake Systems Co., Ltd. in Chongqing.
Dec. 2015 The Company announced that Huayu Automotive System (Shanghai) Co., Ltd., its wholly owned subsidiary, will invest CNY 170 million in Shannxi Qinghua Vehicle Safety System Co., Ltd. to acquire a 35% share in the safety system company.
Dec. 2016 Huayu Shanghai invested 120 million yuan to participate in the capital increase and expansion of Hubei Hangpeng, and obtained a 30% stake in Hubei Hangpeng.
May 2017 Huayu Continental Brake Systems (Chongqing) Co., Ltd., a joint venture established by Continental Automotive and the Company on an equal basis, officially began its operation.
Oct. 2017 Established China Magna Electric Drive Systems Co., Ltd. with Magna (Taicang).
Nov. 2017 Yanfeng Hainachuan Automotive Trim Systems Co., Ltd., the Company's subsidiary, was opened.
Mar. 2018 Shanghai Koito Auto Lamp became a wholly-owned subsidiary of the Company and was renamed as Huayu Vision Technology (Shanghai) Co., Ltd.
Dec. 2018 The Company and ZF (China) Investment Co., Ltd. signed a share transfer agreement. Huayu is going to acquire a 50% stake in Shanghai Sachs Powertrain Components Systems Co., Ltd.
The company and TRW Asia Pacific Co., Ltd. have signed a share purchase agreement. Huayu Automotive Systems will transfer a 50% stake in Shanghai TRW Automotive Safety Systems Co., Ltd.
Jan. 2019 KS HUAYU AluTech GmbH, the Company's joint venture, extended the Neckarsulm production capacities with a new 5,000 square meter production shop for structural parts in aluminum.

Supplemental Information 1

>>>Business report FY2010
>>>Business report FY2011
>>>Business report FY2012
>>>Business report FY2013
>>>Business report FY2014
>>>Business report FY2015
>>>Business report FY2016
>>>Business report FY2017

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss

Volume of Production

(in thousand units)
Company Name Products FY ended Dec. 31, 2015 FY ended Dec. 31, 2014 FY ended Dec. 31, 2013
Shanghai TRW Automotive Safety Systems Co., Ltd. Airbags 8,243 3,209 2,849
Seat belts 8,243 8,602 8,600
Huayu Vision Technology (Shanghai) Co., Ltd.

Formly: Shanghai Koito Automotive Lamp Co., Ltd.
Lamps 39,010 41,380 41,360
YAPP Automotive Parts Co., Ltd. Fuel tanks 8,000 5,310 6,500
Shanghai Automotive Brake Systems Co., Ltd. Brake calipers 9,100 9,060 8,577
Vacuum boosters 9,100 870 4,810
Brake hoses 9,100 13,960 12,778
Bosch HUAYU Steering System Co., Ltd.

Formly: ZF Shanghai Steering System Co., Ltd.
Steering columns - 1,241 1,508
Power steering pumps - - 1,186
Steering boosters - 945 2,848
Steering assemblies - 2,798 2,641
Shanghai GKN Drive System Co., Ltd. Transmission shaft 909,670 8,942 8,177
Shanghai SIIC Transportation Electric Co., Ltd. Mini motors 290 318 313
Alarm systems 13,031 11,974 11,460
Switches 290 2,120 2,380
Anti-theft alarm systems - 661 -
Power window lifters - 7,093 7,154
Shanghai Valeo Automotive Electrical Systems Co., Ltd. Generators 3,870 6,870 6,070
Starters 3,870 4,260 4,750
Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd. Compressors 5,586 5,900 4,327
Shanghai Mahler Thermal Systems Co., Ltd.

Formly: Shanghai Behr Thermal Systems Co., Ltd. (SBTS)
Air-conditioning systems - 1,732 1,542
Condensers - - 493
Evaporators - - 294
Heaters - - 44
Turbocharged intercoolers 86 (units)
725 651
Radiators 86 (units)
2,273 2,363
Shanghai Superior Die Technology Co., Ltd. Cab and body assemblies - 1,174 -
Body assemblies - - 847
Stamping 8,693 (units)
- -
Shanghai Sachs Powertrain Components Systems Co.,Ltd. Torque converters - - 0.2
Clutches 3,200 3,560 3,270
Clutch discs - - 3,270
Yanfeng Visteon Jinqiao Automotive Trim Systems Co., Ltd. Instrument panels 821 721 1,514
Door trims 821 731 726
Yanfeng Visteon (Beijing) Automotive Trim Systems Co., Ltd. Instrument panels - 189 231
Carpets - - 340
Door trims 2,160 1,984 1,775
Roof trims - 202 114
Yanfeng Key (Shanghai) Automotive Safety Systems Co., Ltd. Seat belts - 1,150 5,010
Steering wheels 3,840 350 4,110
Airbags - 1,042 6,620
Dongfeng Yanfeng (Shiyan) Automotive Trim Systems Co., Ltd.

Formly: Dongfeng Visteon (Shiyan) Automotive Trim Systems Co., Ltd.
Door trims - - 5,710
Instrument panels - - 3,670
Sun visors - - 15,000
Shanghai Union Automotive Parts Co.,Ltd.

Formly: Shanghai Union Automobile & Tractor Industry Trade Co., Ltd.
Fuel tanks - 2,700 -
Cylinder heads - 1,980 -
Expansion tanks 4,050 - -

Source: China Automotive Industry Yearbook (issued every October)