Precision Forging Technology: A Leader in the Field of Automotive Gears

The main products of precision forging technology include automobile differential gears and planetary gears, and automobile transmission combined gears. The company's products have been highly recognized by automakers and their powertrain suppliers at home and abroad. They have entered the global procurement system of GKN, MAGNA, GM, VW, GETRAG, AAM, DANA, John Deere and other internationally renowned companies. , is the only company in the same industry with domestic Volkswagen, General Motors, Ford Motor Co., Toyota Motor and other companies supporting a large number of models forged gear business, the future will fully benefit from the rapid development of China's auto industry.

Highlighting Competitive Advantages Drives High-growth Precision Forging Technology has introduced leading-edge machine tools such as die processing, forging, machining, heat treatment, and inspection in the domestic industry. Successfully applied UG and PROE design software to achieve 3D modeling of gears. The secondary development has mastered the core technologies such as bevel gear tooth shape modification, tooth tip repair edge, contact zone adjustment, etc., which are automatically realized by the program, such as die design and manufacturing, and the forging blank and preheating process. , Precision forging, machining, heat treatment, inspection and testing of the complete process. The company's process technology for gear forging, machining and heat treatment is at the leading domestic or international advanced level.

Precision Forging Technology has established a strict quality control system and has accumulated rich production management experience in the selection of gear raw materials, production process management and control, and formed a unique production process, making the company's main products automotive differential semi-axle gears. Planetary gears and transmission gears have advantages such as high precision, high strength, long fatigue life and good consistency, and they have a strong competitive advantage in the market.

Comparing with competitors in the same industry in the country, the company's equipment is relatively complete, and the new rate is relatively high. Even if companies in the same industry try to catch up with the equipment level of precision forging technology, not only the investment of a single device is huge, but it will take at least 18 months from the time of ordering to complete commissioning and production. The company has a strong first-mover advantage and can ensure the competitive advantage of the front runners in the industry.

Precision forging technology has been recognized by domestic mainstream auto OEMs. The supporting mainstream customers include FAW-Volkswagen, Shanghai Volkswagen, Shanghai GM, SAIC-GM-Wuling and Shanghai Auto. At the same time, the company has entered the global procurement system of well-known companies such as GKN, MAGNA, VW, GM, AAM, DANA, GETRAG, and John Deere, and is the only one of its domestic counterparts at the same time as Volkswagen, General Motors, Ford, Toyota, etc. Many models of the company support the enterprise of precision forged gears.

According to the latest round of high growth horn information, the company's net fixed assets rose from 865.048 million yuan at the beginning of 2008 to 215.589 million yuan at the end of 2010, and the output of various types of automotive gears and other forged products increased from 11.5196 million in 2008 to 2010. There were 21.106 million pieces of the year. But even so, the company's products are still in short supply, and the company's lack of capacity is particularly prominent. From July to December 2009, the company's capacity gap ratio was 22.83%. In 2010, the company's capacity gap was 19.18%, and the company's capacity gap from January to June 2011. The ratio is 17.84%. The company's current capacity utilization rate has reached 103.61%, and it is urgent to expand production capacity to meet downstream demand.

Industry analysts have high hopes for the company’s prospects for raising funds. According to the statistics, the funds raised were mainly invested in the production and construction of precision forged gear (shaft) products and technical center construction projects. In order to better meet the needs of customers, the company used its own funds to advance the construction of raised funds projects. At present, the main works for the civil works of the joint workshops and office buildings of the No. 1 and No. 2 units have been completed. The steel structures and enclosures of the No. 1 and No. 2 joint workshops and office buildings have been basically completed. The interior of the workshop is visited by the installation of the platform, installation of the girder, and electrical steel. The installation of the platform has been completed, doors and windows have completed the framework part, public installation works and road surface works are under construction.

From 2011 to 2015, the company will increase production capacity by 2.101 million pieces, 8.587 million pieces, 14 million pieces, 18.93 million pieces, and 22.7 million pieces respectively. On the one hand, due to the good quality of the company's products, the high degree of customer recognition. On the other hand, due to the rapid development of the automotive industry, especially the company's current customer development strategy is more successful, the company's new customers in 2010 GKN Bowling Green and Huizhou BYD Battery Co., Ltd., 2011 January to June new customers German Volkswagen Kassel Transmission Works and FAW-Volkswagen Automotive Co., Ltd. The new production capacity of the company's raised capital projects is expected to be quickly absorbed by the new market demand, and the company will maintain a rapid growth trend in the next few years.

More importantly. After the implementation of the project, in addition to expanding the production capacity and sales of the company’s gear products, it also increased the production capacity of automobile transmission shaft parts (input shafts and output shafts) in an appropriate amount, and gradually realized “extending the company’s industrial chain, from parts production to component assembly. Development" development strategy.