Zhejiang Wanliyang Co., Ltd.

Company Profile

■URL

http://www.zjwly.com

■Address

No.3999, West Binhong Road, Jinhua, Zhejiang 321025, China

Business Overview

-The Company is one of the largest transmission manufacturers in China.

-The Company is leading transmission enterprise of mini trucks, light trucks, heavy trucks, buses, SUVs amd cars. It has more than 40 series and over 1,000 kinds of transmissions.

-The Company's main products are interiors, transmission and drive system for PHEV.

-The Company's commercial vehicle transmission production bases locate in Jinhua of Zhejiang province and Pingyi of Shandong province; passenger car transmission production bases locate in Wuhu of Anhui province and Ningbo of Zhejiang province; automotive interior production bases locate in Liaoyang of Liaoning province, Dalian, Zhuozhou of Hebei province, Wuhu of Anhui province, Jingdezhen of Jiangxi province and Shangrao.

-As of December 31, 2016, the Company has formed annual output of 1 million units of commercial vehicle transmission,  1.5 million passenger car transmission and 3 million sets of interior parts production capacity.

Shareholders

-Listed on Shenzhen Stock Exchange

(as of Dec. 31, 2016)
Shareholders Shareholding Ratio
Wanliyang Group Co., Ltd. 28.45%
Xianggang Libang Co., Ltd. 14.53%
Chery Automobile Co., Ltd. 12.24%
Jinhua Zhongcheng Investment Co., Ltd. 3.91%
Others 40.87%
Total 100%

Products

Transmission and parts
Transmissions
Gears
Synchronizers
Castings

Interior parts
Instrument panels
Seats
Steering wheels
Door panels

PHEV drive system

History

Nov. 1998 Shandong Menwo Transmission Co., Ltd., the Company's subsidiary, was established.
1999 The Company began producing transmission.
2003 Zhejiang Wanliyang Transmission Ltd., the Company's predecessor, was established.
Aug. 2003 Jinhua Wanliyang Machinery Manufacturing Co., Ltd., the Company's subsidiary, was established.
Sep. 2007 Taizhou Geely Fada Auto Transmission Co., Ltd., the Company's subsidiary, was established.
May 2008 Jinhua Wanliyang Transmission Co., Ltd., the Company's subsidiary, was established.
Sep. 2009 Sichuan Wanliyang Transmission Co., Ltd., the Company's subsidiary, was established.
Jan. 2010 Zhejiang Meiyidun Transmission Co., Ltd., the Company's subsidiary, was established.
Jun. 2010 Listed on Shenzhen Stock Exchange.
Jun. 2011 The Company cooperated with Geely to enter into car transmission market.
Jan. 2013 The Company passed Tata's quality system audit and became Tata's supplier.
Apr. 2014 The Company completed construction of Wanliyang Automotive Transmission Institute.
Jan. 2016 The Company changed its name from "Zhejiang Wanliyang Transmission Co., Ltd. " to "Zhejiang Wanliyang Co., Ltd."
May 2016 The Company acquired 100% of Wuhu Chery Transmission Co, Ltd. shares from Chery for CNY 2.6 billion.
The Company acquired all Ningbo Wanming Auto Parts Co., Ltd. shares owned by Zhejiang Antong Investment Co., Ltd. and Mr. Li Biao, a private investor, for CNY 20 million. 
The Company increase its shareholding in Shandong Menwo Transmission Co., Ltd., its subsidiary, to 66.12% from the current 53.88% by acquiring the 12.24% stake held by Linyi Sincerity Investment Co., Ltd.
Jun. 2016 The Company signed an agreement with Liaoyang Guoyue Investment Co., Ltd. and Liaoyang Kunpeng Investment Management Co., Ltd. concerning its acquisition of Jinxing Automotive Interior Co., Ltd.'s shares.  Jinxing Automotive Interior became a wholly owned subsidiary of the Company. 
Jul. 2016 Ningbo Wanming changed its name into "Ningbo Wanliyang Transmission Co., Ltd.", at the State Administration for Industry & Commerce
Dec. 2016 The Company and GIF Research Center (China) Ltd. agreed to establish GIF Automotive Technology (Zhejiang) Co., Ltd. A total of CNY 20 million will be invested in the joint venture, of which CNY 11 million (55%) will be provided by Zhejiang Wanliyang and CNY 9 million (45%) will be provided by GIF.
The Company invested CNY 500 million from its own resources to establish a new company in Jinhua, Zhejiang Province. The new company will be called Zhejiang GIF Automotive Drive System Co., Ltd.
Feb. 2017 Jinxing Automotive Interior Decoration Co., Ltd., a wholly owned subsidiary of the Company, and Inteva Products, LLC. signed a letter of intent to form a joint venture. Investment in this project is expected to reach approximately USD 15 million, of which 51% will be invested by Inteva Products and 49% will be provided by Jinxing Automotive Interior Decoration.

Supplemental Information 1