 Home > Chemicals Industry > Rubber Plastic News > Xuelong Group is listed today and plans to invest over 40 million to upgrade and expand the production of automotive lightweight blow molding products

Xuelong Group is listed today and plans to invest over 40 million to upgrade and expand the production of automotive lightweight blow molding products

 Last Update: 2022-08-22
 Source: Internet
 Author: User

Tags

ge healthcare products

brown brothers automotive

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On March 10, Xuelong Group Co.
, Ltd.
(hereinafter referred to as "Xuelong Group", stock code: 603949.
SH) was officially listed on the Shanghai Stock Exchange

According to the data, Xuelong Group is mainly engaged in the research and development, production and sales of automotive engine cooling fan assemblies, clutch fan assemblies and automotive lightweight plastic parts

The data shows that from 2016 to January to June 2019, the operating income of Xuelong Group was 284 million yuan, 356 million yuan, 319 million yuan, and 184 million yuan respectively; the net profit after deducting non-return to the parent was 74 million yuan and 0.
95 billion yuan respectively.
RMB 100 million, RMB 83 million, RMB 48 million

Source: Xuelong Group prospectus

According to the prospectus, Xuelong Group has cooperated with more than 200 automobile companies including FAW Group, Dongfeng Group, Dongfeng Cummins, Yutong Bus, King Long Automobile, Sinotruk, Beiqi Foton, Jianghuai Automobile, Yuchai Group, Weichai Power, Geely Group, etc.
Vehicle and engine manufacturers have established a first-tier supplier supporting relationship

Regarding the purpose of fundraising, Xuelong Group stated that the funds raised this time will be used to invest in the "Upgrade and Expansion Project of Continuously Variable Electronically Controlled Silicone Oil Clutch Fan Integrated System", "Upgrade and Expansion Project of Automotive Lightweight Blow Molding Series Products", " R&D Technology Center Construction Project”, “Supplementary Working Capital and Repayment of Bank Loans”
.
Details are as follows:

Source: Xuelong Group prospectus

At present, the main members of the group include Volkswagen, BAIC, FAW, Toyota, Weilai, Changan, Great Wall, Tesla, GM, Lifan, Geely, JAC, Honda, BMW, Mercedes-Benz, Dongfeng, Ford, Zotye, Wuling, Volvo, R&D, procurement and management personnel of BYD, Xiali, Chery and other OEMs
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.