002664Xinzhi GroupSZSE

Xinzhi Group Co., Ltd

信质集团

002664

Shenzhen Stock Exchange

BoardMain Board of Shenzhen Stock Exchange
IndustryAutomobile Manufacturing
ISINCNE100001CH4
ListedMarch 16, 2012
Websitewww.chinaxinzhi.com
IR Emailxinzhi@chinaxinzhi.com
Phone(+86)576-88931165
AddressNo. 28, Xinzhi Road, Qiansuo Street, Jiaojiang District, Taizhou, Zhejiang

Company Profile

1.Strong Strategic Customer Base Due to the strict quality requirements of motor parts, some international organizations, national and regional industry associations have proposed various standards for the quality of motor parts and their management systems. Parts suppliers must pass the review of these organizations (i.e. third-party certification) before they can be selected as candidate suppliers by the main motor factory. After passing the strict third-party certification, motor parts companies also need to be further reviewed by the motor assembly factory (i.e. second-party certification). Only after passing the review can they become members of the main motor assembly factory's procurement system. The second-party certification audit is usually a separate audit of a certain product. Once the supplier passes the second-party certification, it becomes a qualified supplier of parts of this specification for the motor assembly factory. The two parties usually sign a long-term and effective open procurement contract until the motor assembly factory stops producing the product or no longer places orders to the supplier. Due to the long cycle of second-party certification, high technical quality requirements, and large investment from both parties, after forming a stable supply and demand relationship, the motor assembly factory generally does not easily change suppliers. The company's current main customers are large domestic and foreign motor assembly manufacturers and their parts companies, and have established long-term partnerships, which has effectively consolidated the company's competitive advantages and industry status. 2. Possess the ability to independently research and develop the entire stack of processes, molds and intelligent equipment In the research of motor technology, the company adheres to the corporate mission of "creating high-efficiency and lightweight motor parts and reducing global energy consumption". The R&D team continues to insist on technological innovation, constantly challenges technical problems, and continuously carries out multi-dimensional product development and production process innovation practices in depth and breadth for several product series in the industry, and continuously optimizes and promotes the application and development of clean, efficient and lightweight configurations in the motor field; in the design of precision molds, the company has the top precision mold team in the industry, with perfect independent design, R&D, processing and assembly realization capabilities, and has successively obtained more than 200 patents, while achieving a significant increase in the utilization rate of raw materials. With the help of the world's top processing equipment, the precision mold achieves a speed of more than 600 strokes/minute, micron-level processing accuracy, and hundreds of millions of stamping stability; in the design of intelligent equipment, under the background of the group's dual R&D bases, it continues to implement the innovation-driven development strategy, and strives to promote the digitalization, automation, and intelligent innovation of production equipment. In the research and development, various intelligent control systems such as visual recognition robot automatic detection system and intelligent robot control are fully applied to ensure that each process is carried out in an orderly manner, and realize the intelligent operation of production equipment with high efficiency, high quality and high safety. 3.Stringent Quality Assurance System The quality of parts determines the quality of motors. Meeting product quality standards and maintaining stability are important reasons for specialized parts manufacturers to obtain orders. The company has advanced equipment such as high-speed punching machines, argon welding machines, American Moore precision CNC coordinate grinding machines, +GF+ precision CNC slow-wire wire cutting machines, OK7725 wire cutting machines, ultrasonic cleaning machines, GCF-200 gear feeders, CJ6-1004 slot insulation insertion machines, +GF+ high-speed milling machines, Japan Wasino light bending grinders, Japan Okamoto gantry grinders, Japan Okamoto tool grinders, Taiwan Evergreen internal and external cylindrical grinders, Japan Asda coordinate boring machines, large gantry machining centers, Mikron machining centers, and Rhodes 5-axis milling and grinding machines. The above equipment is at the leading level in the domestic industry and covers the entire process of motor stator and rotor research and development, production, testing, and inspection, providing a guarantee for improving processing accuracy, production efficiency, and maintaining product quality stability. During the production process, the company rationally arranges quality control processes and quality control procedures based on previous production experience and computer-aided simulation, and finally determines the production process based on repeated test results, effectively improving product quality and reducing product defective rates. Stable and excellent product quality is the key factor for the company to attract customers, especially large domestic and foreign customers. At the same time, the company continues to introduce advanced management concepts, and establishes a complete and effective system from the aspects of standardized production system, quality management system, measurement system, production environment, sales process control, process and tooling management, human resource management, etc., which improves the overall process control ability of the enterprise, the ability to review and learn, and ensures high stability and high reliability of production. The company has passed IATF16949:2016, GB/T45001-2022idtISO45001:2018 standards, GB/T24001-2016/ISO14001:2015 standards, ISO/IEC27001:2013 and ISO9001:2015 system certifications. The product quality is in a leading position in the industry and has been unanimously recognized by customers. 4.Core Competence in Specialized Manufacturing The company has positioned itself in the field of mid-to-high-end specialized motor parts manufacturing, which is less involved by enterprises. It focuses on the manufacturing of motor stators and rotors and has accumulated unique specialized advantages in the industry over a long period of time. The company faces different machine design and production requirements of various types of customers. The multi-domain nature of the products has brought about the mutual exchange and grafting of product development technologies, which is conducive to improving technological innovation capabilities; the scale advantage of specialized production is conducive to reducing the manufacturing cost of products; the continuous enrichment, updating and upgrading of product structure effectively avoids the market risk of single products, and profitability is steadily improved; the company's accurate market positioning and years of intensive cultivation in the field of mid-to-high-end specialized motor parts manufacturing have ensured the company's strong specialized production capacity and obvious advantages in the main business. In addition, in terms of transformation, the solid existing technical foundation, complete equipment, and rich professional experience are all of great advantages for the subsequent expansion and transformation of related fields. 5.Geographic Advantages

Full description

(Ⅰ)The company's main business, products and uses The company is mainly engaged in the R&D, manufacturing and sales of various core motor components. The company's main products are for the automotive field (new energy vehicle drive motor stator and rotor stack, flat wire stator assemblies, round wire stator assemblies, synchronous rotor assemblies, cast aluminum asynchronous rotor assemblies, hub motor stator assemblies, fuel cell electric vehicle motors; traditional automobile inspiration motor stator and rotor cores and assemblies, automobile micro motor rotors, VVT (automobile variable valve timing system)), electric bicycle products (hub motors, stator cores and assemblies), home appliances products (refrigerator compressor stator and rotor cores and assemblies, elevator traction machine stators and assemblies, washing machine stator cores, etc.), low-altitude economic products (DJI drone stator and rotor cores and assemblies) and humanoid robot joint motors, etc. (Ⅱ)Development Stage of the Industry The company operates in a specialized segment of the motor industry, primarily serving the automotive sector. The motor industry is widely applied across various fields of the national economy, including industry, transportation, agriculture, energy, and defense. Driven by economic growth, product upgrades, energy efficiency improvements, and consumption upgrades, the motor industry is in a phase of rapid development. Key trends include: 1.Technological Innovation: Continuous advancements in technology are leading to more efficient, energy-saving, and environmentally friendly motor products. For example, the rise of new energy vehicles presents new opportunities but also demands higher performance and reliability from motors. 2.Growing Market Demand: Industrialization, urbanization, and global economic recovery are driving increasing demand for motors, particularly in emerging markets like Asia and Africa. 3.Industrial Upgrading: Traditional motor manufacturers are transitioning by adopting advanced technologies, improving production efficiency, and optimizing product quality to enhance competitiveness. In summary, the motor industry is currently in a rapid development phase with significant growth potential. However, the company must remain vigilant to industry trends and market demands, adjusting its strategies and business models to adapt to changing conditions. (Ⅲ)Industry Position With over 30 years of specialization in core motor components, the company is a national high-tech enterprise and ranks among China's top 10 automotive electronics and electrical companies. It holds titles such as Zhejiang Provincial Enterprise Technology Center, Provincial High-Tech Enterprise R&D Center, Zhejiang Management Innovation Demonstration Enterprise, Zhejiang Green Enterprise, Zhejiang Achievement Transformation Demonstration Enterprise, and Customs AEO Advanced Certification. It also boasts Zhejiang Famous Brand and Zhejiang Export Famous Brand honors.

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