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Recently, Zhongding Co., Ltd. (000887) issued an announcement stating that the company has become a batch supplier of all vehicle models of General Automobile globally. The products provided cover all models under GM, including two new energy BEV3 pure electric platforms and O1SL plug-in hybrid platforms.
NE observation:
1. According to the financial report given in the 2018 financial report, Zhongding Co., Ltd. 's main revenue-generating businesses are noise reduction and shock absorption chassis system, cooling system, and sealing system, among which the noise reduction and shock absorption chassis system accounts for 23.09% of its annual revenue. Therefore, this time, the general choice of Zhongding Co., Ltd. may be a large part of it to provide it with a noise reduction and shock absorption chassis system. The latest news from
2 and Zhongding Co., Ltd. shows that the development and expansion project of Zhongding shock absorbing rubber shock absorbing products with a total investment of 1.713 billion yuan (Phase I) will add advanced equipment. After the project is completed and fully completed, the original vibration-absorbing and noise-reducing rubber parts will be replaced with 4.15 billion pieces/year production capacity, 40 million pieces/year production capacity of vibration-absorbing and noise-reducing rubber parts will be added, and 1.77 million pieces/year production capacity of control arm parts will be added. In addition, Zhongding Co., Ltd. also invested in the new energy vehicle power battery temperature control fluid pipeline system project and the automotive electric drive and air suspension system research and development and production base project.
Zhongding Co., Ltd. main shock absorbing products
3, but according to data, Zhongding Co., Ltd. main business was agricultural vehicle manufacturing and sales before 2006. In 2006, asset replacement with Anhui Zhongding Seal Co., Ltd. (later renamed Anhui Zhongding Rubber and Plastic Products Co., Ltd. , hereinafter referred to as "Zhongding Rubber and Plastic"), the main business was changed to the production and sales of hydraulic pneumatic seals and automobile non-tire rubber products (except braking and shock absorption). After 2007, the stock price soared from less than 1 yuan per share to 10.26 yuan per share, which is directly related to the changes in its main business and the improvement of its business capabilities. However, the historical high of Zhongding Co., Ltd. appeared after Zhongding Co., Ltd. acquired German WEGU, reaching 39.6 yuan per share. WEGU's core product is silicone power vibration absorption technology.
4. However, there is a bad sign that according to financial statement data over the past five years, the capabilities of Zhongding Co., Ltd. seem to have been in a downward state in all aspects.
5. However, with the recovery of the automotive and thermal management market, the capabilities of Zhongding Co., Ltd. in all aspects should improve. At present, in addition to entering the general supplier list, Zhongding Co., Ltd. has cooperated with Geely , Tesla , CATL, Beijing Benz , NIO , etc.
6. Currently, Zhongding Co., Ltd. 's sales revenue in China is 37.9%, Europe is 45.1%, and North America is 17%. As overseas mergers and acquisitions continue to advance domestically, China's sales revenue will continue to increase, and the company will also increase its development in the North American market.
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