Zhejiang Dehong Automotive Electronic & Electrical 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 | Zhejiang Dehong Auto Electronics Co., Ltd., founded in 1978, is located in Huzhou, which is known as the Pearl of South the Taihu Lake Lake. It is a professional manufacturer dedicated to the research and development of auto generators and electronic vacuum pumps, and a domestic A-share main board listed enterprise. It is a national high-tech enterprise, a vice chairman unit of the Electrical and Mechanical Branch of the China Internal Combustion Engine Industry Association, a green enterprise in Zhejiang Province, a demonstration enterprise for management innovation in Zhejiang Province, a key backbone enterprise at the municipal level, and a second level enterprise for safety production standardization (machinery). In recent years, the company has been rated as an "innovative enterprise" and "top ten enterprises" in the Chinese automotive electronic, electrical, and motor industry, and a "leading enterprise in the Chinese internal combustion engine parts industry" Excellent listed company. The company's main business is the research and development, production, sales, and related technical services of automotive alternators. The product is mainly positioned in the mid to high end market, with over 300 models in 8 major series, making it one of the most abundant companies in China in terms of automotive AC generator products. The main customers are well-known domestic engine manufacturers and automobile manufacturers, including Jiangling Automobile, Deutz FAW, Foton Engine Factory, Foton Cummins, China National Heavy Duty Truck, Baoding Great Wall, Dongfeng Chaochai, Qingling Automobile, Jianghuai Automobile, Mianyang Xinchen, Chengdu Chengfa, Yunnei Power, Weichai Power, Yuchai, Changchai, Zhengzhou Nissan, FAW Fourth Ring, Tianjin Lovol, Dongfeng Light, etc. As a professional manufacturer of internal combustion engine generators for commercial vehicles in China, the company has maintained its market share ranking among the top three in the entire industry since the mid-term of the national "Eleventh Five Year Plan" development plan. Since 2011, the market share has reached over 20%. The company's predecessor passed the German Rheinland VDA6.1 quality system certification in 2000, and passed the ISO/TS16949 quality system certification in 2004, making it a recipient of the Huzhou Municipal Government Quality Award. Since its establishment, the company has always focused on the research and development and production of automotive alternators, going through three stages: obtaining the qualification for complete vehicle matching, supporting mainstream domestic commercial vehicle brands, and entering the global procurement system of internationally renowned enterprises such as Cummins and Navistar in the United States. At the beginning of the company's establishment, the leading product, the pump integrated series generator, was the first to pass the testing and testing of Isuzu Corporation in Japan, replacing imports as the main supporting generator for domestic light truck engines. In 2005, the company successfully obtained the exclusive matching qualification for the generator of Jiangling Motors (Ford) V348 project, which was rated as a key project of the National Torch Program in 2008. In 2007, the company's independently developed JFZ270-112 product successfully won the exclusive matching rights for the Foton Cummins new generation high-performance light diesel engine project, greatly enhancing the company's brand influence. In 2009, the company's ET-305 hybrid excitation generator was rated as a national key new product by the Ministry of Science and Technology. On October 1, 2009, the Dongfeng Chaochai QD32 engine on the guidance vehicle of the National Day 60th anniversary parade missile equipment team was equipped with our self-developed JF1105-061 generator. The successful matching of products has significant historical significance. The company has delivered a satisfactory answer for the 60th anniversary of the founding of the motherland and made contributions to the national defense industry. In 2010, the JFZ280-3002 product independently developed by the company was exclusively matched with the Shandeka engine, a joint venture between China National Heavy Duty Truck and Germany's MAN. In 2011, the JFZ280-4300 product independently developed by the company was successfully matched with a joint venture engine between Jianghuai Automobile and Navistar in the United States. In 2011, the company obtained the qualification to support the new project of producing 100000 ISG engines per year from Cummins, marking its entry into the global procurement system of internationally renowned brands. In 2012, the company's products passed the Navistar process audit in the United States and qualified as a global supplier for the company. In 2013, in addition to the bulk supply of the aforementioned Cummins projects and Jianghuai Navistar, the company successfully supported the G501 gasoline engine project of Jiangling Motors and the high-power generator project of Foton Ouhui Bus, marking another breakthrough in the expansion of the passenger car supporting market and high-power generator market. In 2013 and 2014, the company's light vehicle environmentally friendly and energy-saving diesel generator project and vehicle environmentally friendly and energy-saving diesel generator project were awarded the National Torch Plan Industrialization Demonstration Project Certificate. On April 12, 2016, the company was officially listed on the Shanghai Stock Exchange and successfully entered the Chinese A-share capital market. The stock was abbreviated as Dehong Stock, with stock code 603701, marking a new stage in the company's development. On February 8, 2018, the company's Enterprise (Shanghai) Research Institute was established in Jiading District, Shanghai.The company's Enterprise Research Institute is recognized by the Zhejiang Provincial Department of Science and Technology as the "Zhejiang Provincial Enterprise Research Institute". The establishment of Shanghai Research Institute is of great significance for accelerating the company's internal development pace and improving its own market competitiveness. It is an important step in the implementation of the company's new energy industry strategy and will lay a solid foundation for the company's long-term development. In 2018, the company successfully launched an electronic vacuum pump and entered the new energy field; In August 2020, in order to facilitate the steady development and growth of the enterprise, Zhang Yuanyuan transferred 29.99% of the company's equity to Ningbo Zhenhai Investment Co., Ltd. After the transfer, the controlling shareholder of the company was changed from Zhang Yuanyuan to Ningbo Zhenhai Investment Co., Ltd., and the actual controller was changed from Zhang Hongbao and Zhang Yuanyuan to Ningbo Zhenhai District State owned Asset Management Service Center. China has become a major manufacturer and seller of automobiles in the world, but such a large market has not cultivated a competitive automobile brand. This needs to start with the complete substitution of imported key components for domestic production, and in terms of generators, Dehong has the strength to participate in international competition. Dehong will adhere to the brand concept of "continuous improvement and pursuit of perfection". All employees of Dehong will prioritize users, continuously tap into the company's vigorous creativity, and offer high-quality products to the Chinese market. Guided by international development and backed by technological strength, Dehong will create a "technologized, market-oriented, and internationalized" enterprise. |
| Headquarter | Huzhou |
| Establish Date | 1/31/2000 |
| Listed Code | 603701.SH |
| Listed Date | 4/12/2016 |
| Chairman | Qin Xunyang. |
| CEO | Shi Minxia. |
| Website | www.dehong.com.cn |
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