Xiangyang Automobile Bearing Co., Ltd.
-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.
|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|
- 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
|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.|