Zhejiang JW Precision Machinery Co., Ltd.

Zhejiang JW Precision Machinery Co., Ltd. is a manufacturing company established in June 2011 and listed on the ChiNext Board of the Shenzhen Stock Exchange in June 2021. The company specializes in the research and development, production, and sale of various types of bearing rings. With a registered capital of RMB 123,268,602 and a workforce of over 1,500 employees, JW Precision has expanded its market presence both domestically and internationally, establishing itself as a key supplier to major global bearing manufacturers. The company's main business lines include the production of ball-type, needle-type, and roller-type bearing rings, which are utilized across multiple sectors such as transportation, construction machinery, and home appliances. Additionally, JW Precision manufactures lead screw components, leveraging its expertise in bearing ring production to enhance efficiency and quality. The company is also focused on new product development, including insulated bearing rings for applications in new energy vehicles and industrial sectors. Its commitment to quality is underscored by certifications such as ISO 9001:2015 and IATF 16949:2016, ensuring high standards in production and customer satisfaction.

(1) Technical and Process Advantages As a high-tech enterprise, the Company has consistently adhered to the principle that enhancing technical and process capabilities is the core of competitiveness. It has continuously pursued integrated innovation across production processes and micro-innovations within each process. As for new product development and design, the Company explores optimal processing routes based on product characteristics, aiming to maximize production efficiency and material utilization while ensuring stable quality. The philosophy of energy saving and material conservation is carried throughout the entire design process. The Company places great emphasis on R&D investment, assembling an outstanding R&D team to focus on the development of specialized equipment, process workflow optimization, and innovation. In terms of process flow, the Company's technical expertise covers the entire production process, including precision forging, precision cutting, turning, grinding, heat treatment, precision grinding, non-destructive testing, cleaning, and rust prevention. Additionally, the Company has established a comprehensive R&D system, boasting a highly professional and experienced R&D team. (2) Product Quality Advantages The Company has obtained certifications including: •ISO 9001:2015 (Quality Management System) •IATF 16949:2016 (Automotive Industry Quality Management System) •ISO 14001 (Environmental Management System) The Company operates effectively under the IATF 16949:2016 quality management system, from product design and production to sales and service, with product quality ranking among the top in the industry. Additionally, the Company has established a comprehensive quality assurance system based on years of R&D and production experience to ensure product quality stability. Over the years, world-renowned bearing manufacturers such as Schaeffler, SKF, NSK, JTEKT, and NTN have awarded the Company honors such as the “Outstanding Production Award” and “Outstanding Supplier,” reflecting their high recognition of the Company’s product quality. (3) Customer Advantages By leveraging its technical and quality strengths, the Company has capitalized on the trend of the international bearing industry's shifting of supply chain to China. Its bearing rings have successfully entered the supply chains of international bearing giants such as Schaeffler, SKF, NSK, JTEKT, and NTN, becoming a primary or key supplier to these multinational companies. This has fostered long-term, stable partnerships, driving the Company's sustained and stable growth. High-quality customer resources not only drive the growth of the Company's sales but also enable the Company to enter the international bearing development system. Through joint design and development of new products with customers, the Company gains access to and mastery of the latest technologies and processes in the international bearing industry, thereby enhancing its own technical and process capabilities. The Company's products are not only sold to domestic factories of companies such as Schaeffler, SKF, NSK, JTEKT, and NTN, but also exported to factories in multiple countries, including Portugal, France, Slovakia, India, and Canada.