Overview of Anhui Chai Quan Group Co., Ltd.

Established in 1949, Anhui Chai Quan Group Co., Ltd. is a diversified large enterprise group integrating R&D, production, management, foreign trade and investment. At present, the company has many wholly-owned and holding subsidiaries such as Chai Quan Electric Power, Tian Li Electric Power, Tianhe Machinery, Ou Bo Pipe Industry, Jintian Machinery and Anhui Fulian Real Estate Development Company. It has an annual production capacity of 300,000 sets of multi-cylinder vehicle diesel engines, 500,000 sets of single-cylinder diesel engines, 50,000 tons of plastic pipes and 200,000 sets of automobile interior parts. At present, the company has more than 3,000 employees. At the end of 2008, the company's total assets were 2.408 billion yuan and its asset-liability ratio was 23.5%. From June 5, 2008 to May 2009, various industries of Anhui Chai Quan Group maintained a good development momentum under the financial crisis, especially the main business of multi-cylinder diesel engines achieved a booming production and sales. By the end of May, Chai Quan Group had produced a total of1520,000 sets of multi-cylinder diesel engines, up 38.2% year-on-year, and achieved sales of1460,000 sets, up year-on-year.

Anhui Chai Quan Electric Power Co., Ltd. 1998, the company's core holding company, was successfully listed. It is the only listed company in Anhui internal combustion engine industry, a high-tech enterprise in Anhui province, a top 500 enterprise in China machinery industry, and one of the largest small and medium-sized multi-cylinder diesel engine production and research bases in China. In 2008, it produced and sold nearly 265,438+00,000 sets of multi-cylinder diesel engines, ranking first in the small-bore multi-cylinder diesel engine industry. In recent years, while upgrading and adjusting the product structure closely around the automobile multi-cylinder diesel engine industry, Chai Quan has continuously diversified its development based on the multi-cylinder diesel engine industry. At present, in addition to the multi-cylinder diesel engine industry for vehicles led by joint-stock companies, Chai Quan Group also owns the multi-cylinder diesel engine industry for construction machinery and agricultural equipment with Tian Li Power as the carrier. Plastic pipe industry with Ou Bo Pipe Factory as the carrier; An emerging foundry industry with Tianyu machinery and Tianhe machinery under construction as carriers; Auto parts industry based on Jintian machinery. Formed a diversified advantageous industrial base. In addition to the main business of small-bore multi-cylinder diesel engines, Chai Quan also has the following key industries:

1, construction machinery engine industry. Tian Li Company's diesel engine project for construction machinery and agricultural equipment was jointly funded by 65,438+08 strategic investors. The initial investment is 250 million yuan, and the leading products are 4JR3 3,465,438+065,438+00,465,438+065,438+02,465,438. At present, the rapid development of domestic construction machinery industry and agricultural equipment industry provides good development opportunities for the development of Tian Li.

At the beginning of 2009, Tian Li Electric Power absorbed and merged the former Anhui Shangchai, actively integrated the products, markets, services and technologies of the two companies, and accelerated the market expansion and promotion, which achieved good results.

In order to solve the bottleneck of cylinder block processing of diesel engines for construction machinery in Tian Li, Chai Quan actively demonstrated the automatic cylinder block processing line project in Tian Li. The estimated investment of this project is 1 100 million yuan. Using the modern design concept of machine body production and following the principles of applicability, high efficiency and stability, a first-class automatic machine body processing production line in China has been built. After the project is completed, it can form an annual production capacity of 60,000 airframes, laying a foundation for Tian Li's next development and active market expansion. The project is expected to be completed and put into operation by the end of 20 10.

2. Tianhe machinery casting industry. In order to solve the casting bottleneck brought by the mass production of Tian Li high-power diesel engine and China Ⅲ series high-grade engine to the development of diesel engine. At the end of 2008, the company invested RMB 4,654,380+0,000 to start the Tianhe mechanical casting project. By introducing advanced production equipment from Germany, the United States, Britain, Italy and Denmark, the project will build a first-class casting production line in China. After the project is completed, it will form an annual production capacity of 80,000 tons of thin-walled high-strength and high-quality diesel engine cylinder block and cylinder head. This series of products can not only meet the requirements of high-quality castings for high-power diesel engines of construction machinery and national III series products, but also lay a foundation for higher-level product development in Chai Quan in the future.

3. Auto Parts: On June 5438+ 10, 2009, Chai Quan reorganized the industry of Shunchang Company, a wholly-owned enterprise, and established Chai Quan Jintian Machinery Co., Ltd. to accelerate the development of auto parts industry and expand Jintian machinery industry to the field of automobile interior parts and body processing.

4. Plastic pipe industry: Ou Bo pipe industry is the first cross-industry development industry after Chai Quan Electric Power went public. In recent years, the industry has achieved relatively stable development, and its sales revenue in 2008 exceeded 6,543.8 billion yuan. Under the background of stimulating domestic demand, especially the start of a large number of engineering construction projects, it has good development prospects.

In order to seize the opportunity, in May, 2009, Ou Bo Pipeline Industry Capacity Expansion Project was successfully launched. At present, the project has completed the bidding for four new production lines, including two large-diameter PE corrugated pipes and two medium and small-diameter PE water supply pipes, with a total investment of120,000 yuan. At the same time, we are inviting tenders to build a new factory building of more than 20,000 square meters, with an estimated investment of 29 million yuan. After the completion of the new plant, it is planned to put five more water supply pipelines into operation, with an estimated investment of180,000 yuan. The above investment totals 59 million yuan. Through the implementation of the above projects, we will ensure that the sales revenue will reach 654.38+0.5 billion yuan in 2009, and strive to achieve 500 million yuan in three years. In order to meet the national automobile emission standard III, since 2005, all diesel engines have started the national III series product project, and adopted the international advanced high-pressure rail technology to develop a series of products that meet the national III emission standard. In 2007, Chai Quan took the lead in successfully developing 4D22E and 4D 18E series of national III products in China, with completely independent intellectual property rights. In 2008, Chai Quan continued to increase investment, and continued to improve the national III product system through single pump technology and electronic control ve pump technology route. At present, Chai Quan has successfully developed a series of national III products such as 4D22E, 4D22EA, 4D 18E, 4D25, 4D25F and 4D26, which can meet the needs of different market segments, not only enhancing the core competitive advantage of enterprises, but also bringing more market opportunities for enterprises.

In order to further highlight its advantages and enhance its core competitiveness, in 2009, according to the market demand and industry development trend, Chai Quan chose QC 100E and QC25E to take the lead in developing Euro IV products. In order to promote the upgrading and adjustment of product structure, since the Tenth Five-Year Plan, Chai Quan has invested nearly 600 million yuan in all-round technical transformation of casting line, metalworking line, assembly line, debugging line and new product development and testing. A processing and assembly production line with advanced domestic level has been established, and all key equipment has been imported from abroad, greatly improving the equipment level.

In order to further promote the technical upgrading of products, from June 65438 to February 2008, Chai Quan, Anhui Province, seized the opportunity of falling investment cost under the background of financial crisis and successively invested RMB 4 1 10,000 to start the Tianhe mechanical casting project. Invest 60 million yuan to start the second phase capacity expansion project of Ou Bo pipeline industry; It is estimated that the investment will be 1 100 million yuan to start the automatic cylinder processing line project in Tian Li. In order to ensure the mass production of national III products, the product assembly line and test run line were actively reformed.