Xuchang Yuandong Drive Shaft Co., Ltd.
Company Profile
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Business Overview
-The Company is engaged in the manufacturing and sales of drive shafts and their components in China.
-The main products are variable-velocity drive shafts and constant-velocity drive shafts. Four types of variable-velocity drive shafts are available for light-, medium- , and heavy-duty applications including construction equipment, commercial vehicles, loaders and cranes, and special vehicles. Constant velocity drive shafts are mainly for passenger cars.
-The Company is capable of mass-producing unequal-length velocity drive shafts in more than 8,000 variations, with a production capacity of 6 million units/year. The Company also produces 135,000 tons/year of forged parts for constant velocity drive shafts and 500,000 units/year of constant velocity drive shafts (with plans to expand to 2 million units/year).
-The Company mainly supplies products to Beijing Foton Daimler Automotive Co., Ltd., Shaanxi Heavy Duty Vehicle, SAIC GM-Wuling, SAIC Iveco Hongyan Commercial Vehicle and Jiangling Motors.
Shareholders
| -The Company is listed on Shenzhen Stock Exchange | (as of Dec. 31, 2022) |
| Shareholders | Shareholding ratio (%) |
| Yansheng LIU | 25.02 |
| Others | 74.98 |
| Total | 100.00 |
Products
Drive shafts
Drive shaft parts
History
| 1953 | Xuchang Yuandong Drive Shaft plant was established. |
| 1969 | The Company was identified by State Ministry of Machinery as the first professional drive shaft manufacturer. |
| Dec., 1992 | Chongqing Heavy Automobile Yuandong Drive Shaft Co., Ltd., the Company's joint venture, was established. |
| 2003 | The Company established as a limited liability company. |
| Jun., 2005 | Beijing Fuboda Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| Dec., 2006 | Liuzhou Yuhang Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| Nov. 2007 | Beijing Beiqi Yuandong Transmission Co., Ltd., the Company's subsidiary, was established. |
| Jan., 2008 | Weifang Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| May, 2010 | The Company listed on the Shenzhen Stock Exchange. |
| Jul, 2010 | Baotou Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| Dec., 2010 | Hefei Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| May, 2012 | Changsha Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established. |
| Jun., 2014 | Liuzhou Yuanteng Transmission Parts Co., Ltd., the Company's subsidiary, was established. |
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Aug., 2015 |
The Company signed Asset Purchase Agreement with Xuchang Yuanbo Machinery Co., Ltd. to acquire Yuanbo Machinery’s part of operating assets. |
| Aug., 2016 | The Company acquired 50% of the shares of Chongqing Heavy Automobile Yuandong Drive Shaft Co., Ltd. from Chongqing Machinery & Electronics. |
| Jun. 2018 | The Company acquired the remained 54.73% shares of Xuchang Qianchao Yuandong Auto Parts Co., Ltd., which became the Company's joint venture. |
| Dec., 2006 | Henan Sanjia Auto Parts Co., Ltd. acquired a 60.98% stake in Henan Sanjia, becoming the controlling shareholder of Henan Sanjia. |