Xuchang Far East drive shaft Co., Ltd. (002406)

Xuchang Far East drive shaft Co., Ltd. (002406)

1、 Development process

Xuchang far east transmission shaft Co., Ltd. was founded in 1953, and was recognized by the Ministry of machinery as the first professional manufacturing factory of transmission shaft in China in 1969. In 2004, it was transformed into a limited liability company, and was changed into a joint stock company in 2007. It was officially listed on the Shenzhen Stock Exchange on May 18th, 2010.

2、 Industry status

Far east drive is a well-known domestic enterprise in the research and development, production and sales of non isokinetic drive shafts, and is a national high-tech enterprise. It has been awarded "leading enterprise in China's automobile parts transmission shaft industry", "top 500 machinery in China - Top 50 of auto parts", "top 100 enterprises with the most competitive auto parts" and "top 50 value of listed companies of China small and medium-sized board" "Henan provincial governor Quality Award" and other honors. In 2018, it won the award of "made in China" in the selection of "the foundation of powerful country - China excellent auto parts enterprise".

3、 Production capacity, variety, market share

Far east transmission has 1200 professional production and testing equipment, "U-type numerical control one flow production line" 162, robot production line 60, with annual output of 6million sets of non equal speed transmission shaft production capacity. The products cover more than 8000 varieties of light, medium, heavy and engineering machinery series, which are widely used in all vehicles and construction machinery except cars. Road vehicles: from micro passengers, light trucks to luxury buses and 300 ton heavy trucks. Off highway vehicles: from desert transport vehicles, exploration vehicles, loaders, 100 ton dump trucks, excavators to source vehicles, fire trucks, 20t-800t cranes, they are widely used and have many varieties, which can be regarded as an industry model. The market share of light truck is 46%, the market share of heavy truck series products reaches 45%, and the market share of engineering machinery series products is up to 60%, which occupies the leading position in the industry competition.

4、 Technology and quality

As a high-tech enterprise, far east transmission is also one of the main makers of industry standards. The company's technical center is the national recognized enterprise technology center and Henan automobile transmission shaft engineering technology research center, with more than 300 patent technologies, 21 of which are invention patents. It has the "Henan intelligent heat treatment technology academician workstation" and "Henan automobile transmission shaft digital manufacturing technology research and development team", which was jointly established with Academician pan Jiansheng of Shanghai Jiaotong University, and successively developed and put into production the largest special heavy truck drive shaft 12.5c and 720 series, which filled the domestic gap and broke the foreign monopoly, It meets the special needs of economic construction and national defense construction in China.

5、 Customers, markets

Far east drive has set up 46 marketing service areas and outlets in China, supporting nearly 100 host manufacturers, and becoming the preferred supplier for many customers. It has BAIC group, Beibei Benz, Shaanxi heavy truck, Dongfeng Liuqi, SAIC general Wuling, Jianghuai Automobile, Dayun automobile, Anhui Hualing, Jiangxi Jiangling, Chang'an Automobile, Great Wall automobile, Zhengzhou Nissan Yutong group, Xuzhou Heavy duty, Guangxi Liugong, Shandong Lingong, Sany group, Zoomlion Heavy Industry, Sanjiang Aerospace, Taian aerospace and other famous customers. For many years, it has been rated as the top 100 auto parts supplier in China.

In order to implement the marketing concept of "zero time, zero distance and zero inventory", quickly respond to customer requirements, provide all-round high-quality services, and consolidate the position of the first-class supplier of the company, far east drive actively implements the strategy of "lean production zero distance, automobile base runs branch", and establishes ten wholly-owned subsidiaries in major main engine production bases in China, which is more than 95% of the country's automobiles The construction machinery factory is equipped with the products directly or with the whole vehicle exported to North America, South America, Europe, Southeast Asia, Middle East and other regions, and is known as one of the outstanding representatives of China's auto parts industry. At present, the first phase of the project with an annual output of 2million sets of constant speed drive shafts is being constructed, which is the key project of the new round transformation and upgrading of far east transmission. After the completion of the project, the company will change the single development mode of non isokinetic drive system into the development trend of two wheels of equal speed and non equal speed in 50 years, laying a solid foundation for the future development of far east transmission.

6、 Development strategy

In recent years, far east transmission has formulated the development strategy of "market internationalization, high-end products and lean management". It continues to adhere to the theme of "innovation every day", focuses on the research and development and production of transmission shaft products of automobile and engineering machinery, and establishes and improves the industrial chain system, production and assembly base and market service network of transmission shaft products. On the basis of consolidating the leading position of domestic market, we will enter the international market with high-quality products. According to the market development demand, adjust the product structure, research and capture opportunities in the fields of intelligent manufacturing, automobile energy saving and lightweight, new energy, intelligent networking, expand industrial layout, and make unremitting efforts to build the top transmission shaft suppliers in the Far East and the world for a century.

7、 Mass innovation space: the innovation space is an important innovation and entrepreneurship incubation service platform for far east company, which is combined with Shanghai Jiaotong University, Zhengzhou University, Henan University of technology and other scientific research institutes, focusing on the segmentation of automotive transmission industry, and aiming to promote scientific and technological innovation and entrepreneurship to serve the real economy.

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