Xiangyang Automobile Bearing Co., Ltd.
Company Profile
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Business Overview
-A China-state-owned bearing supplier.
-Main products include constant-velocity joints, ball bearings, tapered roller bearings, cross shafts, and needle roller bearings. The Company's brand name is "ZXY".
-Provides bearings for a variety of heavy-, medium- and light-duty commercial vehicles and passenger cars, which it ships to Europe, North America and Southeast Asia.
-The Company's major customers include Dongfeng Motor, SAIC Group, Changan Automobile, Magna, BMW, Borgwarner, Nissan, and MAN.
Shareholders
Listed on the Shenzhen Stock Exchange | (as of Dec. 2020) |
Shareholder | Sahreholding Ratio (%) |
Tri-ring Group Corp. | 27.94 |
Xiangyang Automobile Bearing (Group) Corp. | 18.09 |
Others | 53.97 |
Total | 100.00 |
Products
- Deep Groove Ball Bearings
- Cylindrical Roller Bearings
- Tapered Roller Bearings
- Thrust Ball Bearing
- Needle Roller Bearings
- Universal Cross Joints
- CV Universal Joints
- Clutch Release Bearings
- Hub unit bearings
History
1968 | The Company was established as 'Xiangyang Bearing Factory'. |
1994 | Adopted the current company name. |
Jan. 1997 | Listed on the Shenzhen Stock Exchange. |
Apr. 2009 | The State-owned Assets Supervision and Administration Commission of Xiangfang City, de facto majority shareholder of the Company, transferred 95% of the shares it owns in Xiangyang Automobile Bearing at no cost to the Tri-Ring Group, Co. |
Apr. 2011 | Sold the 40% shareholding of WuhanBoda Electric Co.,Ltd. |
Aug. 2013 | The Company acquired 89.15 percent in Poland-based bearing supplier FLT and completed transfer of securities. |
Mar. 2014 | The Company and Hubei Tri-Ring Chengtao Trade Co., Ltd. eastablished a new joint venture, named as Hubei Tri-ring Xiangyang Bearing Equipment Technology Co., Ltd., which was invested fifty/fifty between the Company and Hubei Tri-ring Chengtao Trade Co., Ltd.. |
Apr. 2019 | The Company planed to sell a 50% stake in its subsidiary, Hubei Tri-Ring Xiangzhou Equipment Technology Co., Ltd., to Hubei Sanhuan Complete Trading Co., Ltd. |