Sensteed Hi-tech Group
山子高科
000981
Shenzhen Stock Exchange
Company Profile
（I）The High-end Manufacturing Industry 1．The Automobile Power Assembly Business (1)The world's leading industry market position and good brand image. Punch Powertrain is an independent manufacturer, which specializing in developing, producing and selling automotive transmission. The main products include a variety of types of stepless transmission, with the application of automatic transmission in the global range, especially the stepless transmission in the vehicle model with an increase in proportion. (2)The predominance and customer resource advantages. The establishments of supporting relationships with customers require a strict audit, product application development and testing system, and through many years of cooperation and test, a strategic partnership can be established. (3)R&D strength and product innovation ability. Punch Powertrain has been involved in the design and research and development of the transmission system of several brand models. It has a stable and high level of R&D and operation team, and it has accumulated rich experience in design and manufacturing. At the same time, it is committed to the research and development of pure electric, hybrid power and other new energy products. 2．The gas generator of automobile air gasbag business (1)The global leading industry market position and brand advantages. ARC group is a global leader in developing, producing and selling hybrid gas generators. It has nearly 20 years of experience in production, research and development. The main products include a variety of gas generators. (2)Predominance and customer base advantages. ARC Group is the first one of professional gas generator in the world. Through the strict audit and certification system, and many years of cooperation and test of the partners, it has established a solid and long-term battle with the world's largest air bag manufacturers. Such as Otto Leif, TRW Automotive, TAKATA, Bailey, Modern Mobis, and TOYOTA Synthesis, the many airbag manufacturers in the world have established solid and long-term strategic cooperation to form a stable supply relationships. (3)The strong product development and technology research and development capability. ARC Group has many years of experience in R&D and manufacturing of gas generator. Since its establishment, it has been involved in the design and development of several brand model safety systems. There are 77 patents in the field of hybrid gas generators, which have many independent intellectual property rights of key technologies. (II）The Real Estate Business 1. Rich experience in real estate development and product innovation capability. After 23 years of successful operation, with strong strength and excellent quality, the development of the building area of about 12 million square meters, and for more than 50 thousand owners to provide all kinds of quality property. 2. A standard and efficient project management system. After years of exploration and development, the company has gradually realized the standardized management system of the professional lines of the early stage, design, cost, operation, marketing, engineering and after-sale, meanwhile, the introduced the management system. 3. The good brand advantage and brand effect. The company is a regional leading real estate development enterprise based on Ningbo, and Yinyi brand has a high reputation in the region. 4. Preliminary completion of the national layout with a strong capacity for sustainable development.
Full description
(One) The automotive business has been restructured since February 2022, and Shanzizi High-Tech has established an ecosystem of high-end manufacturing industries, including high-end component manufacturing, vehicle manufacturing, mobility services, and semiconductor materials. As a critical link in the vehicle business, the management has been laying out the plan since 2021, and Shanzizi Automobile was established in 2022 as the core module of Shanzizi High-Tech's entry into the vehicle industry, starting to reserve relevant technologies and personnel. In 2023, Shanzizi acquired 90% equity interest in Xingtai Xindeshi, a state-owned enterprise, through a public auction, acquiring the corresponding vehicle manufacturing qualifications, laying a foundation for future vehicle manufacturing. The company is focused on the commercial vehicle business with the goal of "creating a new species of new energy city logistics vehicles，" and is dedicated to the research, manufacturing, and sales and service of new energy vehicles. In the passenger vehicle business, the company is based in Harbin and targets the overseas passenger vehicle market, utilizing the existing passenger vehicle manufacturing resources in Harbin, through technological transformation and upgrading, and product introduction, to create a passenger vehicle manufacturing project facing the "Belt and Road" countries as the main market. (1) Passenger Vehicle Company The passenger vehicle division is focused on creating a breakthrough point in the overseas market by fully introducing advanced technologies and models, and continuously creating an overseas vehicle manufacturing base. The main plant covers an area of about 620,000 square meters, the parking lot covers an area of about 120,000 square meters, and the total建筑面积 is about 297,000 square meters. The factory has automated and intelligent flexible production lines for stamping, welding, painting, and assembly, with 824 sets of equipment, and has the flexible production capacity of 120,000 units of A-C grade passenger vehicles. The first mass-produced model was officially launched on July 7, 2024, and as of the disclosure date of this report, the cumulative production was 2,914 units, and the cumulative sales were 1,835 units. With the promotion of volume production, the annual production is expected Currently, BorgWarner Powertrain Systems has production bases in Saint-Treind, Belgium and Nanjing, China, and R&D centers including 5 centers in Saint-Treind, Belgium, with strong product development and technical R&D capabilities, solid customer relationships, and industry-leading market share, serving global automakers as its downstream customers. During the reporting period, BorgWarner's business progressed smoothly, with a gross profit margin of 32.81%, a significant increase from the same period last year. As of the end of July, the company has received approximately 100,000 sets of orders for new products (including CVT and EV reducers) for the current year, ensuring the sustainability of its future development. The company has begun implementing relevant restructuring of its European joint venture and is expected to complete it within the year, ending the situation of business losses for BorgWarner. (2) ARC's wholly-owned subsidiary, American ARC, is the world's second largest independent gas generator manufacturer, mainly engaged in the development, production, and sales of automotive safety airbag gas generators. It currently has 7 production bases in 4 countries around the world, with a globalized layout covering Asia-Pacific, North America, and Europe, as well as a diverse product portfolio, a complete sales platform, and a strong technical support team. During the reporting period, ARC's business operations proceeded normally, with a gross profit margin of 21.43%, a significant increase from the same period last year. As of the end of July, the company has received approximately 28 million units of gas generators for new orders for the current year, ensuring the sustainability of its future development. (III) Real Estate Business The real estate divestment matter has been completed on June 28, 2024 (the completion of the industrial and commercial transformation registration procedures), but during the reporting period, the company still needs to comply with the disclosure requirements of "Real Estate Industry" under the "Industry Information Disclosure Guidelines No. 3 of the Shenzhen Stock Exchange", and disclose the situation of its real estate business.