Founded in 1968, the company was a key national project established during China's Fourth Five-Year Plan, with an investment of RMB 120 million to produce bearings specifically for the domestic automotive industry. In 1993, it completed its shareholding reform, and in 1996, it was listed on the Shenzhen Stock Exchange. The company is primarily engaged in the manufacturing, research and development, sales, and related services of bearings and bearing components. Its main products include automotive bearings, constant-velocity joints, and wheel hub bearing units. Corporate honors include: Top 100 National Automotive Parts Suppliers, Key High-Tech Enterprise under the National Torch Program, Outstanding Enterprise for Management Innovation, Star Enterprise in Science and Technology Entrepreneurship, "2023 Hubei Province Pilot Demonstration Enterprise for Intelligent Manufacturing," one of the first batch of Typical Digital Economy Application Scenarios in Hubei Province, "2023 Hubei Province 5G Fully Connected Factory," and a National-Level "Green Factory," among others.
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Import and export of goods and technologies (excluding goods and technologies prohibited or restricted by the state); manufacturing and sales of bearings and bearing components, automotive parts, electromechanical equipment, bearing machinery and spare parts, molds, abrasives, oilstones, and grinding wheels; undertaking basic design in the machinery industry, bearing engineering design, as well as equipment installation and maintenance; electrical repair services; equipment installation and interior decoration services; technical consulting, technology transfer, and labor services.