Weifu High-Technology Group Co., Ltd.

Company Profile

1. Industry and brand advantages. Established in 1958, with more than sixty years of development, the Company has become a renowned manufacturer of auto parts in China and has established long-term and stable cooperation with major domestic OEMs and vehicle manufacturers. The existing core auto parts products such as automotive fuel injection system, exhaust gas after-treatment system, air intake system and core parts of hydrogen fuel cell have strong market competitiveness and high market shares. The Company is a leading enterprise in the internal combustion engine industry of China and ranked 39th on the 2024 Top 100 Chinese Automotive Parts Enterprises. The Company's subsidiaries, WFLD and WFTT, were respectively recognized as the 7th and 8th batch of National Manufacturing Single Champion Enterprises, while WFTT and WFJN were both awarded the title of National Specialized, Refined, Unique and Innovative "Little Giant" Enterprises. 2. Technology and product advantages. The Company is a national high-tech enterprise with scientific research platforms such as National Enterprise Technology Center, National High Technology Research and Development Program Achievement Industrialization Base, Postdoctoral Research Station, Jiangsu Provincial Postgraduate Workstation, as well as several provincial engineering technology research centers, provincial engineering laboratories and other R&D institutions, which mainly focus on fuel injection system for vehicles, exhaust gas after-treatment system, air intake system, hydrogen fuel cell, intelligent network, thermal management system and other businesses for technological innovation and product development. The Company has acquired a number of key core technologies, with the technical indicators of its main products at the leading level in the industry. In recent years, the Company has made key strategic layout in the fields of green hydrogen energy, intelligent electric power industries and other fields, and formed product technology research and development capabilities in hydrogen energy and fuel cell core components, research and development capabilities for renewable energy hydrogen production, core parts of E-drive, thermal management system components, intelligent perception modules, hydraulic systems, core components as well as other components. 3.Management and manufacturing advantage: The company has a sound organizational structure, management systems and processes, and has established a financial shared service platform, which enables the effective transfer and stable operation of organizations, personnel, business operations and accounting; an human resource information system platform, which ensures the timeliness, accuracy and standardization of basic data related to organization, personnel, compensation and attendance; and a procurement shared system, which connects the information between the company and its suppliers and realizes the closed-loop management of the procurement process. The Company has implemented Weifu Production System (WPS) with lean concept and established an overall process quality management system with relatively strong manufacturing, quality assurance, cost control and product delivery capabilities. With the focus on smart manufacturing, the Company has continued to build a smart factory with Weifu characteristics and promote the application of big data analysis and AI application, as well as application of technologies such as cloud computing and the Internet of Things, which can strongly support the future business development of the Company. 4. Marketing and service advantages. The Company features a stable, professional and experienced marketing team, which can provide targeted support and services based on customer demands, as well as cordial customer relationships. With regard to long-term strategic customers, the Company has established key account managers, cooperating with marketing departments and business divisions to promote sale businesses. Regular visits among the management of the companies to promote communication and cooperation. The Company has a relatively complete after-sales service system, and has built an after-sales service network, intelligent service platform, and set up special maintenance technical service stations nationwide to regularly train end-users in the use of maintenance and fault analysis and judgment, so as to provide customers with fast, timely and professional all-round after-sales services. 5. Talent team advantages. The management team of the Company has extensive experience in the auto parts industry with excellent industry reputation. The Company attaches importance to the growth of employees as well as the development of core talents. With years of accumulation, the Company has deposited a group of professional and high-quality management and technical talents and established a reasonable talent echelon, which provides a strong guarantee of human resources for the long-term and stable development of the Company. The human resource management system of the Company is relatively comprehensive, and the continuously optimized human resource management system has provided a fair platform for career development of employees to realize their values. The Company attaches importance to the service and care for employees, and aims to enhance the service experience of employees through the construction of employee self-help platform to create a working environment with warmth and a sense of belonging. 6. International cooperation advantages. The Company is committed to the core automotive parts industry and has long been cooperating with strategic partners at home and abroad in depth. The Company has been cooperating with industry giant Robert Bosch Company since 1984, and has established a long-term and stable cooperation relationship with Bosch and continuously expanded cooperation in new business areas, and the cooperation model between the two sides has become an industry model. Meanwhile, the Company has built joint ventures with Autocam in the United States and Voith Germany and cooperates closely in the field of high-end precision manufacturing and hydrogen storage cylinder. By long-term cooperation with renowned enterprises in Europe and the United States, the Company has cultivated a group of middle and senior management and technical personnel with international communication abilities, international visions and familiarity with international standards, and has mastered R&D process design, quality control and production management capabilities with international advanced levels, which has promoted favorable development of the business of the Company as well as international business and market development. 7. Outstanding Corporate Culture. The Company upholds the mission of “Driving a Better Life with Quality and Intelligence” and the vision of “Becoming a Domestic First-Class and Internationally Leading Industrial Components Enterprise,” while practicing its core values of “Focus, Innovation, Responsibility, and Integration” and embracing the corporate spirit of “Practical Action, Proactive Engagement, Collaborative Partnership, and the Courage to Lead.” The Company has developed a “Quality & Intelligence” cultural system, with “Quality” and “Intelligence” serving as dual cultural engines—embodying a commitment to its original aspirations and a pursuit of future excellence. This strong corporate culture provides robust support for the Company’s sustained excellence in operations and its growth into a domestic first-class and internationally leading industrial components enterprise, playing an active role in the achievement of strategic objectives.