BOSUN Co.,Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Boshen Co., Ltd. (hereinafter referred to as "the company" or "Boshen") was founded in 1994 and is a high-tech enterprise specializing in the research and development, production, and sales of diamond tools, electric tools, alloy tools, high-speed train brake pads and discs. We have 8 wholly-owned subsidiaries in the United States, Canada, Thailand, as well as Changzhou, Shanghai, Shandong, and Shijiazhuang in China. Our main production bases are located in Shijiazhuang, Changzhou, Shandong, and Luoyong, Thailand. The company's headquarters is located at No. 289 Changjiang Avenue, Shijiazhuang High tech Industrial Development Zone, covering an area of 170000 square meters and a production and research area of 90000 square meters. The company was listed on the Shenzhen Stock Exchange in 2009 and is a large-scale listed enterprise in the domestic diamond tool industry. On the basis of the powder metallurgy technology accumulated in the diamond tool business, Boshen has cultivated the powder metallurgy brake pad business of high-speed trains. In November 2017, the company held a wholly-owned stake in Changzhou Jinniu Grinding Co., Ltd., expanding its business into the field of coated abrasives. In August 2020, the company held a wholly-owned stake in Wen Shanghai Wei Locomotive Parts Co., Ltd., and Hai Wei Locomotive became a wholly-owned subsidiary of Boshen. The company has become an A-share listed company with the production, sales, and research and development capabilities of both high-speed train brake pads and brake discs. At present, the company's business covers three fields: diamond tools, coated abrasives, and rail transit equipment components. 1. The diamond tool business sector of the company is one of the leading enterprises in the domestic diamond tool industry in terms of scale. It mainly adopts a distributor model to sell products, with a marketing network covering both domestic and foreign markets, and distributors throughout the country. The company's main diamond tool manufacturing bases are located in the headquarters of Shijiazhuang and the Rayong Industrial Park in Thailand. It has sales subsidiaries in the United States and Canada, and overseas customers cover the Americas, Europe, Southeast Asia, and the Middle East North Africa and other overseas markets are one of the few diamond tool companies in the same industry in China with a global sales network. Diamond tools mainly include diamond circular saw blades, diamond thin-walled engineering drills, diamond grinding discs, grinding blocks, polycrystalline diamond cutting tools, and other products. They are the most effective machining tools for inorganic non-metallic hard and brittle materials such as stone, ceramics, and concrete; The company also produces some electric tools and alloy tool products. Electric tools mainly include desktop and handheld engineering drilling rigs, saws, angle grinders, electric hammers, electric picks, and other products, which are commonly used in construction and decoration; Alloy tools mainly include hard alloy circular saw blades, which are mainly used for cutting wood, aluminum alloy materials, aluminum plastic profiles, non-ferrous metal materials, etc. 2. Coated abrasives business sector Coated abrasives are known as "industrial teeth" and "industrial beauticians", widely used in the grinding and polishing of metal, wood, leather, glass, plastic, ceramics and other products. In November 2017, Boshen Co., Ltd. completed the acquisition of Jinniu Grinding. Its main business increased the research and development, production, and sales of coated abrasives based on the research and development, production, and sales of diamond tools. The company's business expanded from the original diamond tools to the coated abrasives field, which belongs to the same industry as abrasive abrasives. Jinniu Grinding, as one of the leading enterprises in the coated abrasive tool industry, mainly engages in the research and development, production, and sales of sandpaper and sandcloth. It is the vice chairman unit of the coated abrasive tool branch of the China Machine Tool Industry Association. After restructuring with Jinniu Grinding, the company has become one of the largest listed companies in the Chinese abrasive and abrasive products industry. 3. Since its establishment, the Rail Transit Equipment Parts Business Division has accumulated rich powder metallurgy technology and talents based on the core business of diamond tools, providing a solid foundation for the company to extend products and cultivate new businesses along the powder metallurgy technology route. The blade of diamond tools and the friction block of high-speed train brake pads are both manufactured using powder metallurgy technology, with some of the same raw materials and similar processing techniques. The company utilized its years of accumulated technology and talent advantages to establish the Rail Transit Equipment Business Unit in 2015. With the industrialization of high-speed train brake pads as the entry point, it entered the field of rail transit equipment and focused on cultivating new business for the company. In July 2017, the company decided to invest 61.31 million yuan in the construction of the "Rail Transit Brake Equipment Material Engineering Laboratory" project. In May 2019, the core experimental equipment of the laboratory project and the 1:1 brake friction test bench independently introduced by the first private enterprise in China have been put into use, and the intelligent production workshop has been completed. Currently, it has a production capacity of 80000 pieces of high-speed train brake pads per year, laying a solid foundation for the industrialization of the company's powder metallurgy brake pads. In August 2020, the company held a wholly-owned stake in Wen Shanghai Wei Locomotive Parts Co., Ltd., and Hai Wei Locomotive became a wholly-owned subsidiary of Boshen. Haiwei Locomotive is a leading domestic supplier of brake discs for multiple units, mainly engaged in the research and development, production, and sales of various series of brake discs and cylinder heads for diesel locomotives.Since its establishment, Haiwei Locomotive has made significant progress in the ingredient, process, and production equipment of various series of brake discs through independent research and development. Its technical level has reached the advanced level of domestic and international similar products. At present, the brake disc products of Haiwei locomotives are finally applied in bulk to the "Fuxing" China standard multiple unit. After the completion of the acquisition of Haiwei Locomotive, the company has increased the research and development, production, and sales of rail transit brake disc products on the basis of high-speed rail brake pad products, and further improved the product layout of the rail transit parts business. Moreover, brake discs and brake pads are complementary components in practical use. The company can integrate internal and external research and development, customer resources, and enhance the joint research and development, production, and sales of brake pads and brake discs, enhancing the competitiveness and market share of listed companies in the field of rail transit equipment components. The company's development has been recognized by various sectors of society, and has been awarded honorary titles such as "Top 10 Private Science and Technology Enterprises in Hebei Province", "Top 10 Excellent Invention and Creation Units in Hebei Province", "Top 500 Chinese Science and Technology Brands", "Top 100 Growing Enterprises in China", "China's Most Growing Private Enterprise", "Forbes China Potential Enterprise", and "National Advanced Private Enterprise in Employment and Social Security". |
| Headquarter | Shijiazhuang |
| Establish Date | 12/14/1998 |
| Listed Code | 002282.SZ |
| Listed Date | 8/21/2009 |
| Chairman | Chen Huairong. |
| CEO | Pangbo. |
| Website | www.bosun.com.cn |
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