Brief introduction of Xuchang Far East Transmission Shaft Co., Ltd.

The company's predecessor, Xuchang Automobile Transmission Shaft General Factory, was founded in 1954 and 1969 and was established as the first professional manufacturer of automobile transmission shaft assembly in China by the Automobile Bureau of the Ministry of Machinery. In 2003, it was transformed into Xuchang Far East Transmission Shaft Co., Ltd., and in 2007, it was transformed into a joint-stock company with a registered capital of10.40 billion yuan. After more than 50 years of efforts and investment in technological transformation, especially in recent years, the enterprise has implemented the enterprise concept of promoting the economic and technological development of the enterprise with corporate culture and insisting on innovation and perfection every day. Through introduction, digestion, absorption and innovation, the enterprise has developed into a professional manufacturer of transmission shafts with the largest scale, the most complete variety, the strongest production capacity and the best quality in the same industry in China. Now it has nearly 100 supporting factories, 23 sales outlets and 20 distribution centers. The supporting share of construction machinery is above 60%, and the supporting share of heavy vehicles is above 22%.

Xuchang Far East Transmission Shaft Co., Ltd. SZ: 002406 Total assets of 700 million yuan; Covering an area of 48 1 0,000 square meters, with a building area of 285,000 square meters, there are 302 employees 1 0, 372 engineers, 65,438 managers and 38 R&D personnel 1 0. It mainly produces 640 sets of equipment and 36 sets of professional testing equipment. It has 8/kloc-0 production lines for forging, heat treatment, metal cutting and nylon coating, with an annual production capacity of10.5 million sets.

The two wholly-owned subsidiaries are: Xuchang Zhongxing Forging Co., Ltd., with an annual output of 30,000 tons of forging blanks; Weifang Far East Transmission Shaft Company has a design capacity of 500,000 sets. The two holding companies are Liuzhou Aerospace Transmission Shaft Co., Ltd. and Beijing Fuboda Transmission Shaft Co., Ltd. ..

Three joint ventures, one is BAIC far east drive Parts Co., Ltd., a joint venture with BAIC Holding Company, with a shareholding ratio of 565,438+0: 49; Second, Chongqing Far East Transmission Shaft Company, a joint venture with SAIC Iveco Hongyan Company, holds 50% of the shares of both parties; Thirdly, Xuchang Wanxiang Far East Company, a joint venture with Wanxiang Qian Chao Company, has a shareholding ratio of 54.73: 45.27.

2065438+On March 27th, 2005, the company was in the investigation stage because it was suspected that information disclosure was illegal. If fraudulent issuance or illegal disclosure of major information is found, the delisting mechanism will be started according to the mandatory delisting requirements of major illegal companies.