HUAYU Automotive Systems Company Limited

Company Profile

■URL

http://www.huayu-auto.com

■Address

No.489, Weihai Road, 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 Dongfeng-Peugeot-Citroen, Changan Ford, Beiqi Foton, Beijing Hyundai, Dongfeng Nissan, and Chery Automobile.

- The Company supplies its interior trims, lamps, electronic components, fuel tanks and other products not only to Chinese automakers but also to its customers in Europe, the U.S., Korea, Australia, and Southeast Asia.

-In 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.

Business Review

-As increased sales of main products and customers, the Company's sales increased for three consecutive years.

-Interior and exterior trims are main products. The sales of interior and exterior trims in 2015 account 73% of total sales.

Shareholders

Listed on the Shanghai Stock (as of Dec. 31, 2015)
Major Shareholder Shareholding Ratio (%)
SAIC Motor Corporation Limited

60.1%

China Securities Finance Co., Ltd.

2.67%

Hong Kong Securities Clearing Company Limited

2.08%

Other shareholders

35.15%

Total

100

Products

Interior / Exterior Trim
- Door trims
- Cockpits
- Instrument panels
- Bumpers
- Seats
- Clusters
- DVD players with disc changers
- Steering wheels
- Passenger airbags
- Driver side airbags
- Seat belts
- Front lamp assemblies
- Rear lamp assemblies
- Door seals
- Window screens
- Trunk seals

Chassis components
- ABSs
- Rear calipers
- Front calipers
- Vacuum boosters
- Brake actuators
- Brake hoses
- Manual rack and pinion steering gears
- Hydraulic rack and pinion power steering gears
- Steering columns
- Constant velocity joints
- Propeller shafts
- Eccentric shafts
- Universal joints
- Turbine shafts
- Springs

Electronic components
- Latch actuators
- Latches
- Starters
- Alternators
- Power windows
- Horns
- Immobilizers
- Switches
- Relays
- Door modulars
- Power sunroofs
- Lifter switches
- RKE systems
- Wire harnesses
- Wipers
- Power window motors
- Wiper motors
- ABS motors

Powertrain parts
- Bearing bushes
- Pistons

Air-conditioning components
- Compressors
- Accumulators (receiver & dryer)

Stamped parts
- Front doors
- Rear doors
- Hoods
- Trunk lids
- Tail gates
- Rear floors
- Fenders
- Stamped parts
- Die cast parts

Hot-working parts
- Gear hubs
- Cylinder blocks
- Oil pans
- Oil pumps
- Piston pins
- Cylinder heads
- Intake manifolds
- Water pumps
- Transmission cases
- Valve bodies
- Transmission side covers
- Gear housings
- Hand brakes
- Door hinges
- Trunk hinges
- Powder metal parts
- Forging parts

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 have 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.

Supplemental Information 1