GAC Changfeng Automobile Co., Ltd. (600991)

GAC Changfeng Automobile Co., Ltd. (600991)

Changfeng Automobile Manufacturing Co., Ltd. is now GAC Changfeng Automobile Co., Ltd. At present, the three major shareholders are GAC Group Co., Ltd., Changfeng Group Co., Ltd. and Mitsubishi Auto Co., Ltd. The business scope of the company covers the R & D, manufacturing, sales and service of complete vehicles and related parts“ "Cheetah" brand has obvious professional and brand advantages in domestic SUV industry; Self owned brand cars are in the stage of catching up.

Changfeng (Group) Co., Ltd.: Changfeng Group was formerly the 73191 factory of the people's Liberation Army of China, which was founded in 1950. Changfeng (Group) Co., Ltd. was restructured and established in October 1996. In September, 2001, it was transferred to Hunan Province for management. The group's holding and participating companies have 11 subsidiaries and one branch“ Innovation and development, the soul of enterprises, as the management concept, market-oriented, and the way of science and technology to start enterprises, have created a miracle of enterprise development which has been profitable for more than 20 years since 1984. After the reform of the enterprise in 1996, two production bases of cross-country vehicles were built in Changsha and Yongzhou successively, and the famous cheetah brand was established in China. In June, 2004, Changfeng automobile A shares were listed and traded on Shanghai Stock Exchange. Since 2000, the company has been among the top 500 enterprises in China for five consecutive years. The company has been awarded more than 70 provincial honorary titles, including "National May 1st Labor Award", "the home of national model workers", "national enterprise culture excellent award" and "national civilized unit". Li Jianxin, chairman of the board of directors, was elected as "representative of the 10th National People's Congress". At present, Changfeng Group has formed a strategic layout of "4321", namely, it has formed four parts production bases: Changsha, Yongzhou, Hengyang, Huizhou, Guangdong Province; Three major production bases of complete vehicles: Changsha, Yongzhou, Chuzhou, Anhui Province; Two research and development centers: Changsha, Hunan, Beijing; One headquarters: Changsha, Hunan. The leading products include cjy6470e, cfa6470g/f/h, cfa2030a/b/c/d (v6-3000), cheetah? Feiteng "cheetah pioneer, Mitsubishi v-73, pickup and other series of automobile, car seats, wiring harness and other related auto parts and products. To achieve the strategic goal of strengthening and improving development, Changfeng Group has formulated the development plan of the 11th Five Year Plan in the future, and implemented the "international promotion strategy". That is, by 2010, Changfeng Group will be built into a special large enterprise group with industry as the main part and integrating industry, scientific research, trade and financial investment. The annual production of automobiles reaches 280000, and the total assets of the enterprise will reach 28billion yuan, The total revenue of all businesses reached 41.7 billion yuan, and the profit and tax revenue reached 6.3 billion yuan. It has entered the top 100 of the largest industrial enterprises in China and top 10 of the automobile manufacturing enterprises in the automobile industry.

On May 21, 2009, GAC Group acquired 29% of Changfeng's equity with RMB 1billion, and became the first major shareholder of Changfeng automobile. Changfeng Group's shares in Changfeng Automobile Co., Ltd. will be reduced from 265522024 shares (50.98% of the total share capital of the company) to 114469321 shares, accounting for 21.98% of the total capital of the company, which is the second largest shareholder of the company.

>>ATOP ring oil pump jack for sale electrical submersible pump manufacturers